These stocks see huge volume burst in the last leg of the trading session!
AstraZeneca Pharma India Limited, BEML Limited, and ITI Limited 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.
AstraZeneca Pharma India: The stock gained a decent 1.11% on Wednesday. The stock traded negative throughout the day, but the last 75 minutes witnessed an up move of about 2% before retracing a little. About 75% of the total volume was traded in the last 75 minutes. The stock has corrected a lot from its recent high and today’s volume burst tell us about the institutional activity. Traders should closely watch the stock for upcoming days.
BEML Limited: The stock surged about 2.31% on the trading session that ended Wednesday. The stock traded flat during the initial hours of the session but made some volatile moves towards the end. The latter session witnessed about a 2.5% change in its price. The stock trades near its 52-week high with huge volume and one can expect a breakout in times to come.
ITI Limited: The stock rose 3.94% on Wednesday. It traded flat to negative but witnessed a huge rally of about 4% in the last hour. Major institutional buying was seen as most of the day’s volume was recorded towards the end of the session. The stock looks to gain some momentum, as this might possibly be the start of the trend.
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