Poly Medicure among 4 stocks that closed below VWAP
By Ritesh Presswala, ETMarkets.com |
1/5
Bearish Momentum Grows
On July 3, the closing prices of three Nifty500 stocks dropped over 2% relative to the VWAP (Volume Weighted Average Price), and a shift below the VWAP suggests a potential bearish trend, according to stockedge.com's technical scan data.
When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average weighted by trading volume. This can be seen as a potential indication of increased selling pressure.
When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average weighted by trading volume. This can be seen as a potential indication of increased selling pressure.
2/5
Poly Medicure
VWAP: Rs 1725.61 | LTP: Rs 1677.8
3/5
Aditya Birla Real Estate
VWAP: Rs 1438.39 | LTP: Rs 1405.6
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