Ather Energy among 4 stocks closed above VWAP, signalling bullish shift
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On July 8, the closing prices of four stocks with a market capitalisation of over Rs 10,000 crore closed more than 1% above their Volume Weighted Average Price (VWAP), according to StockEdge's technical scan data. A move above the VWAP suggests a potential bullish trend, as it indicates the stock is trading above its average price for the session, adjusted for trading volume. When the closing price rises above the VWAP, it means the closing price is higher than the average price at which the stock traded throughout the day, with the average weighted by trading volume. Traders and investors often interpret this as a bullish signal, reflecting positive market sentiment and the possibility of continued upward momentum. VWAP: Rs 561.82 | LTP: Rs 573.3 VWAP: Rs 1,176.34 | LTP: Rs 1,200 VWAP: Rs 1,395.98 | LTP: Rs 1,413.4 VWAP: Rs 473.58 | LTP: Rs 477.85 Log In/Connect with: Will be displayed Will not be displayed
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