These stocks see a huge volume burst in the last leg of the trading session!
JK Tyres, DCM Shriram and TVS Motors 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.
JK tyres: The stock closed higher by 6.35% today. It traded higher amidst volatility but gained sharp momentum towards the end. In the last 75 minutes, the stock surged nearly 2% and closed at a day’s high. The volume recorded on Friday was above average, and most of it came in the last hour. With such strong volume, the stock is expected to be trading higher in times to come.
DCM Shriram: The stock soared about 5.91% on Friday. It traded positively throughout the day and closed nearly at the day’s high. The volume recorded on Friday was greater than the 10-day and 30-day average volumes. Moreover, about 50% of today’s volume came in the last hour of the trade. The stock closed above its prior swing high, and it is likely to be on traders’ watchlist.
TVS Motor Company: The stock rose about 4.21%. It formed a strong bullish candle on the technical chart, which was accompanied by good volumes. Interestingly, the volume was higher than in 5 previous trading sessions, indicating rising participation levels. In the end, it gained roughly 1.50% and recorded good volumes. We expect it to continue its bullish track in the upcoming days.
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