These 4 stocks dropped below VWAP on April 8
1/5
Bearish Trend
On April 8, the closing prices of four stocks from Nifty500 dropped nearly 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 being 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 being weighted by trading volume. This can be seen as a potential indication of increased selling pressure.
2/5
Vardhman Textiles
VWAP: Rs 455.03| LTP: Rs 445.6
3/5
Indraprastha Gas
VWAP: Rs 183.87| LTP: Rs 180.16
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4/5
Sarda Energy & Minerals
VWAP: Rs 446.99| LTP: Rs 439
5/5
Delhivery
VWAP: Rs 253.42| LTP: Rs 248.9