Key facts
- Four Nifty500 stocks closed more than 1% above VWAP on June 1.
- NMDC was among the stocks that crossed above VWAP.
- Closing above VWAP is considered a bullish indicator.
Closing above the Volume Weighted Average Price (VWAP) is often seen as a bullish signal by traders and technical analysts. It suggests that buyers were willing to pay a premium throughout the trading session, indicating strong demand and potentially the start or continuation of an uptrend. This metric is particularly watched for signs of institutional accumulation.