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 24, 2021, 04:16 PM IST

Aarti Drugs, Garware Technical Fibres, and Macrotech Developers (LODHA) 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.

Aarti Drugs: The stock was extremely bearishness for medium term as it continued to make lower lows. However, it gained 5.71% today putting the investors into hope of a reversal. after many days, It formed a strong green candle with huge volume, Most of the volume was reported in the last hour, where about 1.5 lakhs shares were traded. Institutional activity after so many days would certainly put the stock on the watchlist for upcoming days as one can experience significant changes in its stock price.

Garware Technical Fibres:  The stock rose 5.11% to close at 3503.45 on the trading session ended Wednesday. it closed above its 20-DMA and 50-DMA and looks to gain momentum for the upside. The stock firmly traded positive throughout the day, and it shot up by almost 3.3% in the last 75 minutes before receding a little. Moreover, 62% of today’s volume was recorded during this period. This tells about the interest of the market participants and one can expect this stock to trade in similar fashion on the upside in coming days.

Macrotech Developers Limited (LODHA): The stock gained a healthy 2.46% on Wednesday. The stock trades its all-time high. Increasing volumes will help the stock to test its all-time high levels again and might possibly give a breakout. About 50% of today’s volume came in the last 75 minutes. The stock traded flat for most part of the day and then shot up nearly 2% as the trading session came to an end.

SENSEX
54,318.47
1,344.63 (2.54%)
Nifty 50
16,259.30
417.00 (2.63%)
Nifty Bank
34,301.90
704.30 (2.10%)
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SENSEX
54,318.47
1,344.63 (2.54%)
Nifty 50
16,259.30
417.00 (2.63%)
Nifty Bank
34,301.90
704.30 (2.10%)

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