On August 1, the closing prices of seven stocks from the Nifty500 fell over 2% below their VWAP (Volume Weighted Average Price). A shift below the VWAP suggests a potential bearish trend, according to technical scan data from StockEdge.com.
When the closing price drops below the VWAP, it indicates that the stock closed lower than the average price at which it was traded throughout the day, with the average weighted by trading volume. This is often seen as a sign of increased selling pressure.
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