These stocks see a huge volume burst in the last leg of the trading session!
Blue Dart Express Limited, EIHOTEL, and Indo Count Industries have witnessed 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 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.
Blue Dart Express Limited: The stock gained about 3% on Monday. It traded positively throughout the day and gained sharp momentum towards the end. In the last hour of the session, the stock surged about 2.5% and closed nearly at the day’s high. Moreover, the volume recorded during this period was above average. With buying emerging towards the end, the stock is likely to be traded heavily with a positive bias.
EIHOTEL: The stock has soared over 3% on Monday. It traded negative for most of the day but witnessed strong buying interest in the last hour The stock gained nearly 4% in the last 75 minutes of the trade and recorded heavy volumes. The volume was found to be greater than the 10-day and 30-day average volume. The stock closed nearly at day’s high and is expected to be traded heavily in times to come.
Indo Count Industries: The stock gained about 2% at the end of the day. Despite falling initially, the stock gained momentum on the higher side steadily as volumes continued to build. About 50% of the day’s volume was recorded in the last 75 minutes of the trade. During this period, the stock jumped about 1% and closed nearly at a day’s high. Thus, with such good volumes, the stock is expected to climb higher in times to come.
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