These stocks see huge volume burst in the last leg of the trading session!
Adani Transmission, Amber Enterprises, and Bajaj Holdings 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.
Adani Transmission: Though the stock ended 1.76% down on Friday, it actually performed well against the broader indices. It opened 3% lower but then the bulls supported the stock from falling. Naturally, it experienced selling on higher levels due to bad market conditions but prevailed in the end. It witnessed huge buying in the last 75 minutes as the institutions stepped up to support the stock. Huge volume was recorded during this period which confirms the interest of the institutions. The last hour of buying by the institutions indicate that stock might be in focus for coming days.
Amber Enterprises: The stock opened flat despite the bad market. It was dragged down throughout the day but shot up nearly 2.5% in the last hour. The stock gained a decent 0.88% today. Almost 50% of today’s volume was observed in the last 75 minutes. The stock has been consolidating since many days and toady’s volume burst might provide a way of breakout on the higher side. The price action would be crucial in coming days to provide the clarity of a trend.
Bajaj Holdings: The stock has been consolidating near its all-time high levels and is unable to get the momentum. Today, it rose 2% to close near its all-time high. What helped the stock achieve this level is the last hour buying by the institutions. The stock shot up nearly 1.5% in the last hour with huge volumes. This makes the possibility for breakout even higher.
Start Investing in 5 mins*
Rs. 20 Flat Per Order | 0% Brokerage
About the Author
Open Free Demat Account
By proceeding, you agree to the T&C.
Sahana Systems IPO worth ₹32.74 crore comprises entirely of a fresh issue of shares by the company. The price band has been fixed in the range of ₹132 to ₹135.
- Jun 09, 2023
HMA Agro Industries Ltd was incorporated in the year 2008 as a star export house to deal in food trade. It is a food trade company that basically handles a variety of agricultural product exports including the predominant exports of frozen fresh de-glanded buffalo meat.
- Jun 09, 2023
Spectrum Talent Management IPO worth ₹105.14 crore, comprises entirely of a combination of a fresh issue of shares and an offer for sale (OFS) by promoters and early shareholders.
- Jun 09, 2023
Fill in your details below: