These stocks see huge volume burst in the last leg of the trading session!
Bharat Dynamics, Capri Global Capital, and Century Ply 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.
Bharat Dynamics: The stock of BDL gained almost 4% on Thursday while the indices were going red. The stock traded firmly in green throughout the day. The volume witnessed during the last 75 minutes was as much as 50% of the day’s volume. The stock’s daily volume was much greater than the 10-day and 30-day average volume. Market participants should keep a close watch on this stock.
Capri Global Capital Limited: The stock soared as much as 6% in the trading session that ended Thursday. The stock witnessed a great swing of about 12% in the last 75 minutes along with huge volumes. About 80% of the total volume of the day was seen in the last hour of the trading session. The stock consolidated throughout the day and shot up towards the end. The stock can be an attractive trade for days to come.
Century Ply: The stock gained 5% on Thursday and is trading near its all-time high. The volume is increasing since the past week indicating more participation from the market participants. The stock gained almost 1.5% itself in the last 75 minutes. The stock also witnessed increasing volumes towards the end of the trading session. We suggest you keep this stock on your radar.
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