These stocks see a huge volume burst in the last leg of the trading session!
Last Updated: 24th May 2022 - 04:43 pm
Ashok Leyland, Blue Dart, and Tanla Platforms witnessed a volume burst in the last 75 minutes of the 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 a price rise it is said to be a 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.
Ashok Leyland: The stock surged nearly 4% on Tuesday. It traded positively throughout the day, but towards the end, the stock surged about 1.50% in the last 75 minutes and recorded huge volumes. On a daily basis, it has recorded above-average volume which is greater than the 10-day and 30-day average volume. With such high trading activity, the stock is expected to be trading higher in the coming days.
Blue Dart Express: The stock has soared over 2.95% today. It traded higher amid volatility and volumes continued to build. In the last hour, the stock gained nearly 1%. It recorded a huge volume today and is likely to remain under trader’s radar in the upcoming days.
Tanla Platforms: The stock gained about 6.87% and closed near its 20-DMA. In the end, it surged about 3.57% and received huge buying interest. More than 50% of the total day’s volume was recorded in the last 75 minutes of the trade. With such positivity, the stock is expected to continue its bullish momentum for a short period.
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