These stocks see a huge volume burst in the last leg of the trading session!
KEC International Ltd., Route Mobile, and Coforge 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.
KEC International Limited: The stock gained about 10.87% on Thursday. It traded positively throughout the day and gained sharp momentum towards the end. In the last hour of the session, the stock soared about 6% and recorded above average volumes. The daily volume was found to be greater than 10-daym 30-day and 50-day average volumes. With buying emerging towards the end, the stock is likely to be traded heavily with a positive bias.
Route Mobile: The stock has soared over 8.51% on Thursday’s trading session. It traded negative for most of the day but witnessed strong buying interest in the last hour. The stock gained nearly 10% in the last 75 minutes of the trade and recorded heavy volumes. The daily volume is about 9 times the previous day’s volume. The stock bounced sharply from its Rs 1065 level and formed a double bottom pattern, which is a bullish sign. The stock closed nearly at day’s high and is expected to be traded heavily in times to come.
Coforge: The stock gained about 2% at the end of the day. It was quite volatile during the first half but gained a clear positive trend towards the end. It was actively traded in the last hour as depicted by the volumes. The stock has gained about 15% since its prior swing low and recorded good volume. Thus, the stock is likely to trade positively in coming days.
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