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These stocks see a huge volume burst in the last leg of the trading session!
![These stocks see huge volume burst in the last leg of the trading session! These stocks see huge volume burst in the last leg of the trading session!](https://storage.googleapis.com/5paisa-prod-storage/files/2022-12/These%20Stocks%20See%20Huge%20Volume%20Burst_0.jpg)
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Last Updated: 15th December 2022 - 01:49 am
Piramal Enterprises Limited, Sobha Limited, and Sumitomo Chemicals 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 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.
Piramal Enterprises Limited: The stock gained about 4.25% 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 nearly 2% 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.
Sobha Limited: The shares soared 5.16% during Monday’s trading session. It traded flat to positive for most of the day but saw a sharp upmove in the latter stages. It surged over 2% in the last hour to close at a day’s high. This strong upside is accompanied by a larger volume which hints toward institutional buying. It closed near its prior pivot and is likely to trade higher in times to come.
Sumitomo Chemicals: The scrip registered a price volume breakout from its consolidation pattern as it soared 4.58% on Monday. The volume was found to be greater than the 30-day and 50-day average volumes. Strong buying continued in the last hour and the stock closed above all its key moving averages. Thus, it is expected to remain positive in near future.
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