Selling Pressure on Cards

On December 18, the closing prices of five stocks from the Nifty500 dropped by more than 1.5% relative to the VWAP (Volume Weighted Average Price). A shift below the VWAP suggests a potential bearish trend, according to stockedge.com's technical scan data. When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which the stock was traded throughout the day, with the average being weighted by trading volume. This can be seen as a potential indication of increased selling pressure.