Three stocks in the Nifty500 index closed more than 2% above their volume-weighted average prices (VWAP) on November 12, according to a technical scan by StockEdge.
VWAP is the average price a stock has traded at during the day, weighted by how many shares changed hands at each price. A stock closing well above it suggests that buyers were in control for much of the session and paid higher prices than the day’s average.
The scan picks out stocks that show this pattern at the close, which traders often use as one of several signals when watching price moves. It reflects only the day’s closing prices and does not, by itself, indicate where a stock is headed next.