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

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

by 5paisa Research Team Last Updated: Nov 23, 2021, 05:23 PM IST

HFCL, Kajaria Ceramics, and Strides Pharma Science 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.

HFCL: The stock traded positive throughout the day, and it gained 6.61% in Tuesday’s trading session. It witnessed huge buying towards the end as it zoomed 5% in a matter of 75 minutes before retracting a little. More than 75% of today’s volume came from this period. The stock is trading in the range of 70-78 and today’s volume burst might indicate that a breakout is on cards.

Kajaria Ceramics:  The stock opened almost 5% down but as the day progressed, it filled the gap and ended up by 1.76%. It made a stupendous move of about 7.2% in today's trading session. Almost 50% of today’s volume was recorded in the last 75 minutes when the stock moved up about 1.8%. It continued to make lower lows in the past few trading sessions, but today's strong green candle might bring some hope for the buyers. It would be interesting to see how the stock performs in the next few days.

Strides Pharma Science Limited: STAR surged nearly 6.77% on Tuesday. The stock traded firmly in green all day, with good volumes. The last 75 minutes recorded almost 50% of the day’s volume as it zoomed about 2.6% in this period. It is trading weak for many months, but it looks to build the momentum on the higher side.

SENSEX
54,326.39
1,534.16 (2.91%)
Nifty 50
16,266.15
456.75 (2.89%)
Nifty Bank
34,276.40
960.75 (2.88%)
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SENSEX
54,326.39
1,534.16 (2.91%)
Nifty 50
16,266.15
456.75 (2.89%)
Nifty Bank
34,276.40
960.75 (2.88%)

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