Newgen Software among 4 stocks that closed above VWAP, signaling bullish shift

On July 13, the closing prices of four stocks in the Nifty500 pack rallied over 2% relative to their VWAP (Volume Weighted Average Price), and a shift above the VWAP suggests a potential bullish trend, according to stockedge.com's technical scan data.

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume. This occurrence is often interpreted as a potential bullish signal by traders and investors. Potentially indicating positive sentiment in the market.​

VWAP: Rs 575.11| LTP: Rs 590.5

VWAP: Rs 2322.51| LTP: Rs 2374.8

VWAP: Rs 99.18| LTP: Rs 101.33

VWAP: Rs 566.05| LTP: Rs 575.4