On January 21, the closing prices of four stocks with a market cap over Rs 10,000 crore rose by more than 1% relative to the VWAP (Volume Weighted Average Price). A shift above the VWAP suggests a potential bullish trend, according to StockEdge.com’s technical scan data.
When the closing price exceeds the VWAP, it indicates that the closing price is higher than the average price at which the stock was traded throughout the day, with the average weighted by trading volume. This is often interpreted as a potential bullish signal by traders and investors, potentially reflecting positive market sentiment.
