On September 11, the closing prices of six Nifty500 stocks rallied over 0.5% above their VWAP (Volume Weighted Average Price). A shift above the VWAP is often seen as a potential bullish trend, according to StockEdge.com’s technical scan data.
When a stock closes above its VWAP, it indicates that the closing price is higher than the average price at which it traded throughout the day, weighted by trading volume. Traders and investors often interpret this as a bullish signal, suggesting positive market sentiment.
Stocks closing above VWAP on September 11:
