01 Oct Tata Investment among 7 stocks closed crossing above VWAP – Bullish Momentum
Posted at 02:42h
in Insights
The closing prices of seven stocks in the Nifty500 pack jumped over 1% relative to their VWAP (Volume Weighted Average Price) on September 30, 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.