These 3 stocks closed above VWAP on February 4 – Bullish Trends

Published:



On February 4, the closing prices of three stocks from the Nifty500 pack rallied over 3% 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 rises above 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 being weighted by trading volume. This occurrence is often interpreted as a potential bullish signal by traders and investors, indicating positive sentiment in the market.

Stocks with a shift above the VWAP:



Source link

Related articles

spot_img

Recent articles