On Could 02, the closing costs of eight shares in Nifty500 pack rallied over 1.5% relative to the VWAP (Quantity Weighted Common Worth), and a shift above the VWAP suggests a possible bullish pattern, in response to stockedge.com’s technical scan information.
When the closing value rises above the VWAP, it signifies that the closing value is larger than the common value at which it was traded all through the day, with the common being weighted by buying and selling quantity. This incidence is usually interpreted as a possible bullish sign by merchants and traders. Probably indicating constructive sentiment available in the market.
