These 5 stocks close crossing below VWAP April 4
By Ritesh Presswala, ETMarkets.com |
1/6
Bearish Signals
On April 4, the closing prices of five stocks from Nifty500 dropped by more than 2.5% 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.
2/6
360 One Wam
VWAP: Rs 877.93| LTP: Rs 849.35
3/6
Union Bank Of India
VWAP: Rs 126.06| LTP: Rs 122.11
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4/6
Affle 3i
VWAP: Rs 1565.44| LTP: Rs 1522.25
5/6
Welspun Living
VWAP: Rs 127.51| LTP: Rs 124.25
