MCX India among 4 stocks closing below VWAP
By Ritesh Presswala, ETMarkets.com |
1/5
Under pressure
On July 2, the closing prices of four stocks from the Nifty 500 segment fell more than 1% below their VWAP (Volume Weighted Average Price). A move below the VWAP suggests a potential bearish trend, according to StockEdge technical scan data.
When the closing price falls below the VWAP, it indicates that the stock ended the session lower than the average price at which it traded throughout the day, weighted by volume. This reflects increased selling pressure and weaker intraday sentiment.
When the closing price falls below the VWAP, it indicates that the stock ended the session lower than the average price at which it traded throughout the day, weighted by volume. This reflects increased selling pressure and weaker intraday sentiment.
2/5
Multi Commodity Exchange Of India
VWAP: Rs 2,977.12 | LTP: Rs 2,923.20
3/5
BSE
VWAP: Rs 3,880.78 | LTP: Rs 3,834.70
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Rites
VWAP: Rs 227.28 | LTP: Rs 224.93