These 4 stocks rose above VWAP on May 06
1/5
Bullish Trend
On May 06, the closing prices of four stocks in Nifty500 pack rallied about 1-2% relative to the 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 potential bullish signal by traders and investors. Potentially indicating positive sentiment in the market.
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 potential bullish signal by traders and investors. Potentially indicating positive sentiment in the market.
2/5
CCL Products (India)
VWAP: Rs 678.6| LTP: Rs 694.45
3/5
Chambal Fertilisers and Chemicals
VWAP: Rs 715.12| LTP: Rs 726.65
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4/5
Inventurus Knowledge Solutions
VWAP: Rs 1461.36| LTP: Rs 1472
5/5
Alivus Life Sciences
VWAP: Rs 1103.92| LTP: Rs 1111