Transformers & Rectifiers amongst 4 shares that closed crossing beneath VWAP – Development Watch
On January 8, the closing costs of 4 shares from the Nifty500 fell greater than 2.5% beneath their respective VWAPs (Quantity Weighted Common Value), indicating potential bearish momentum, in accordance with StockEdge’s technical scan knowledge.
When a inventory closes beneath its VWAP, it means the closing value is decrease than the typical value at which the inventory traded through the session, with the typical weighted by buying and selling quantity. That is typically interpreted as an indication of elevated promoting stress.
