These stocks see a huge volume burst in the last leg of the trading session!
Alkyl Amines Chemicals, Kansai Nerolac Paints, and Poonawalla Fincorp 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.
Alkyl Amines Chemicals: The stock gained about 8.82% 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% 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.
Kansai Nerolac Paints: The stock has soared 7.89% today. It traded flat to positive for most of the day but saw a sharp upmove in the last one hour. It surged over 7% in the last hour to close at day’s high. This strong upside is accompanied by larger volume which hints towards institutional buying. It closed above 50-DMA and 100-DMA and is likely to trade higher in times to come.
Poonawalla Fincorp: The stock gained about 6.67% at the end of the day. It closed above its prior swing high and is gather above average volumes. The daily volume was found to be greater than 10-day and 30-day average volume. It is above all its key moving average and is expected to remain positive in near future.
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