These stocks see a huge volume burst in the last leg of the trading session!
Vaibhav Global, Mazagon Dock Shipbuilders, and Finolex Cables 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.
Vaibhav Global: The stock is in strong uptrend, having soared over 30% in just 7 trading days. It jumped 9.86% on Wednesday, which was accompanied by sharp rise in volume The volume on Wednesday was found to be greater than 30-day and 50-day average volume. Moreover, buying intensified towards the last hour as the stock surged another 4%. Overall, the stock is strongly bullish and with huge volume, it is expected to see positive upmove in upcoming days.
Mazagon Dock Shipbuilders: The shares rose 7.53% during Wednesday’s trading session. It traded flat for most part of the day but saw strong buying gin the last 75 minutes. It jumped over 7% during this period and recorded above average volume. About 60% of the total day’s volume was recorded during this period. With such strong buying activity witnessed in the last hour, we can expect it to be under traders’ radar for near future.
Finolex Cables: The scrip traded higher as the day progress and closed 5.62% up. It closed above its prior swing high with good volumes. The volume turned out to be even better in the last hour and the stock closed at day’s high. Such momentum is likely to attract traders and we can witness similar moves from the stock in times to come.
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