PVR Inox among 5 stocks closing below VWAP
By Ritesh Presswala, ETMarkets.com |
1/6
Under pressure
On May 11, the closing prices of five stocks from the Nifty500 segment fell more than 2% 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.
2/6
PVR Inox
VWAP: Rs 1,053.48 | LTP: Rs 1,026
3/6
Thermax
VWAP: Rs 4,661.93 | LTP: Rs 4,545.1
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4/6
Indian Energy Exchange
VWAP: Rs 133.34 | LTP: Rs 130.71
5/6
Netweb Technologies India
VWAP: Rs 4,380.8 | LTP: Rs 4,295.2
