These 3 stocks close crossing below VWAP on April 2
1/5
Bearish Signals
On April 2, the closing prices of three stocks from Nifty500 dropped by more than 1% 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.
2/5
What is VWAP?
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 being weighted by trading volume. This can be seen as a potential indication of increased selling pressure.
3/5
Himadri Speciality Chemical
VWAP: Rs 461.53| LTP: Rs 454.9
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Saregama India
VWAP: Rs 522.1| LTP: Rs 514.85
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