Newgen Software among 4 stocks that closed above VWAP, signaling bullish shift

On July 13, four stocks in the Nifty500 pack, including Newgen Software, closed more than 2% above their Volume Weighted Average Price (VWAP), signalling a potential bullish trend. A close above VWAP indicates the closing price exceeded the volume-weighted average trading price for the day, often interpreted by traders as a positive momentum signal.