These stocks see huge volume burst in the last leg of the trading session!
Indus Towers, KNR Constructions, and Laxmi Organic industries 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.
Indus Towers: Indus Towers gained a decent 1.88% on Tuesday. The stock traded flat throughout the day and in the last 75 minutes witnessed an up move of about 2% before retracing a little. More than 50% of the total volume was traded in the last 75 minutes. The stock looks for a breakout from a narrow range and thus, traders should closely watch for this stock.
KNR Constructions: The stock rose as much as 5.32% on the trading session that ended Tuesday. The shares traded flat throughout the day but witnessed an amazing rally towards the end of the session gaining about 4% in the last 75 minutes. It looks to break its falling wedge pattern on the upside and one can expect good trades in times to come.
Laxmi Organics Industries: The stock rose 4.73% on Tuesday and looks to bottom out near 410 as a bounce-back was witnessed. The stock traded firmly in green throughout the day, and volumes kept on rising as the session progressed. Bulls looked interested in the stock as it kept on rising. The last 75 minutes witnessed good volumes and will be quite active for times to come. It is currently trading near its 20_DMA and we can witness a good rally if it breaks this short-term resistance.
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