Sep 18, 2024
On September 17, the closing prices of three stocks from Nifty500 dropped by about 2-3% 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.
Image Source: ETMarkets.com
VWAP: Rs 1,835.21 | LTP: Rs 1,780.05
Image Source: ETMarkets.com
VWAP: Rs 3,410.3 | LTP: Rs 3,333.7
Image Source: ETMarkets.com
VWAP: Rs 751.14 | LTP: Rs 736.35
Image Source: ETMarkets.com
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