These stocks see huge volume burst in the last leg of the trading session.
Coromandel International, Cyient and Procter & Gamble Hygiene have witnessed volume burst in the last 75-minutes of trade.
As the saying goes, the first and the last hour of each trading session is the most important and active in terms of price and volume. More so, the activity in the last hour is said to be of utmost importance because most of the pro traders and institutions are active at this time. Hence, when a stock sees a good spike in volume in the last leg of trade along with price rise it is said to be the pro and institutions have a keen interest in the stock. Market participants should keep a close watch on these stocks as they can witness good momentum in the short-medium term.
So, based on this principle we have shortlisted three stocks, which have witnessed volume burst in the last leg of trade along with price rise.
Coromandel International: The stock of Coromandel jumped nearly 4.5% and settled near the day’s high. However, the most striking fact is that the stock has witnessed a majority of the volume activity in the last 75-minutes of the trading session. Total traded volume for the session was over 12 lakh shares and 40% of the volume activity was seen in the last 75-minutes. Furthermore, the price too witnessed a sharp spike in the last 75-minutes, which indicates that there was a lot of interest seen in the stock. Hence, market participants can keep a close watch on this stock.
Cyient: The stock of Cyient was seen outperforming the markets as it has advanced 1.92%. The stock witnessed volume burst in the last 75-minutes of trade along with price rise. The stock has witnessed nearly 43% volume of the day in the last 75-minutes. Keep a watch on this stock.
Procter & Gamble Hygiene and Health Care: The stock closed near its day high and outperformed the benchmark indices on Wednesday. The stock witnessed a price and volume spurt in the last 75-minutes of the trading session, where more than 80% of the volume was traded. Considering the robust volume and price activity witnessed in the last 75-minutes of trade, don’t miss out on this stock.
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