These stocks see a huge volume burst in the last leg of the trading session!

These stocks see a huge volume burst in the last leg of the trading session!

Indian Market
by 5paisa Research Team Last Updated: 2022-08-29T17:04:11+05:30

KRBL, PNC Infratech, and SJVN 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.   

KRBL: The stock attracted buyers as the day progressed. It jumped 7.33% on Monday, from which most of the action was witnessed towards the end, as it gained over 5% in the last hour. Moreover, the volumes turned out to be above average. About 50% of the total day’s volume was recorded in the last hour. Interestingly, the stock formed identical bullish candle as against the bearish candle from the previous trading session. With such strong trading activity, we can expect this stock to trade higher in times to come.

PNC Infratech: The stock rose for the fourth consecutive day, as it surged 4.65% on Monday’s trading session. It traded with volatility throughout the day, but a sharp buying momentum towards the end propelled the stock nearly 3% in the last 75 minutes. The volume was good, which is a strong indication of institutional participation. Such positivity is likely to attract traders.

SJVN: Despite opening sharply lower, the stock received strong buying interest at lower-levels, and it closed higher by 3.63%. Interestingly, most of this rally came in the last 75 minutes, when the stock jumped over 2% and recorded huge volume. Over 505 of the daily volume was seen during this period and the stock closed above its prior swing high. It is above all its key moving average and is expected to remain positive in near future.


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