Swiggy Stock Among Four Nifty500 Stocks Closing Above VWAP

Original: Swiggy among 4 stocks that closed crossing above VWAP

The Economic Times•Apr 6, 20261 min

In a Nutshell

On April 2, four stocks in the Nifty500 index, including Swiggy, closed over 3% above their Volume Weighted Average Price (VWAP), indicating a potential bullish trend. This movement suggests positive market sentiment as closing prices exceeded average trading prices weighted by volume.

Key Points

01Four stocks in the Nifty500 closed over 3% above their VWAP.
02Closing above VWAP is seen as a bullish signal.
03This trend reflects positive sentiment among traders and investors.
04Swiggy was one of the notable stocks in this movement.
05The VWAP serves as an important indicator for market analysis.

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Full Summary

On April 2, four stocks from the Nifty500 index, including Swiggy, recorded closing prices that were over 3% higher than their Volume Weighted Average Price (VWAP). The VWAP is a crucial metric that averages the price at which a stock is traded throughout the day, weighted by trading volume. When a stock closes above this price, it is often interpreted as a bullish signal, indicating that the market sentiment is positive. This upward movement suggests that traders and investors are optimistic about these stocks' potential performance moving forward.

Key Figures

3%

Percentage increase over VWAP for the stocks

Nifty500

Index containing the stocks mentioned

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FAQ

Closing above VWAP indicates that the stock's closing price is higher than the average price at which it was traded throughout the day, suggesting bullish sentiment.

VWAP is important as it helps traders assess the average price at which a stock has traded, providing insights into market trends and potential price movements.

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