On Could 23, the closing costs of 4 shares in Nifty500 pack rallied over 1% relative to the VWAP (Quantity Weighted Common Value), and a shift above the VWAP suggests a possible bullish pattern, in accordance with stockedge.com’s technical scan information.
When the closing value rises above the VWAP, it signifies that the closing value is greater than the typical value at which it was traded all through the day, with the typical being weighted by buying and selling quantity. This prevalence is commonly interpreted as a possible bullish sign by merchants and buyers. Doubtlessly indicating optimistic sentiment out there.
