When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day.
"Nifty formed a bearish candle with a substantial body in the daily chart. The Donchian Channels, which identify bullish and bearish extremes, indicate that Nifty is holding its middle band. Key support levels are identified at 21,400, while resistance is placed at 21,700 levels," said Om Mehra, Technical Analyst, SAMCO Securities.
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The smallcap stock has given multibagger returns of 110% over the last 12 months versus Nifty50 which has given just over 4% returns during this period according to Trendlyne data.