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Union Bank of India among 5 stocks closing above VWAP

Reported by: Economic Times ·

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Union Bank of India

Summary

Economic Times reported that five Nifty500 stocks, including Union Bank of India, closed more than 2% above their volume-weighted average price (VWAP) on November 9. The outlet said the finding came from a technical scan by StockEdge. VWAP is the average price of a stock through the trading day, weighted by how many shares changed hands at each price. A close above it means the stock ended the session above that day's average traded price. Nifty500 is an index of 500 listed companies. The report gives no prices, volumes or the names of the other four stocks, and does not say why the stocks moved. It is a technical observation, not a view on the companies.

AI summary of what Economic Times reported. AI can make mistakes. Read the full story on Economic Times

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Economic Times  · · Tone 0

Union Bank of India among 5 stocks closing above VWAP

Five Nifty500 stocks closed more than 2% above their respective volume-weighted average prices on November 9, according to StockEdge’s technical scan, indicating positive price action during the session.

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