On March 12, the closing prices of four stocks in the Nifty500 pack rallied about 1.5% relative to the VWAP (Volume Weighted Average Price), indicating a potential bullish trend, according to StockEdge.com’s technical scan data.
When the closing price rises above the VWAP, it signifies that the stock closed higher than its average trading price for the day, with the average being weighted by trading volume. This is often interpreted as a bullish signal, potentially indicating positive market sentiment.
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