NMDC among 4 stocks closed crossing above VWAP
By Ritesh Presswala, ETMarkets.com |
1/5
Tracking VWAP
On June 1, the closing prices of four stocks in the Nifty500 pack rallied over 1% 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 bullish signal by traders and investors, suggesting positive market sentiment.
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 bullish signal by traders and investors, suggesting positive market sentiment.
2/5
NMDC
VWAP: Rs 90.69 | LTP: Rs 92.37
3/5
IRB Infrastructure Developers
VWAP: Rs 21.56 | LTP: Rs 21.93
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4/5
Anupam Rasayan India
VWAP: Rs 1,309.16 | LTP: Rs 1,328.2
