These stocks see huge volume burst in the last leg of the trading session!
Dhanuka Agritech, Quess Corp, and United Breweries 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.
Dhanuka Agritech: The stock rose a decent 0.65% on Monday outperforming broader indices. It was trading in negative throughout the day until the bulls came to its rescue. The stock shot up by more than 2.5% in the last 75 minutes thereby recovering all its losses. Almost 50% of the total volume was recorded during this period. One might see some action in this stock because of its rising volumes. More institutional participation can be expected in coming days, and one must keep a watch on this stock.
Quess Corp: The stock rose 3.6% on trading session ended Monday. It traded negative till the last hour when it zoomed over 6%, thereby ending the day in green. As much as two-thirds of the daily volume was observed during this hour. It has corrected slightly from its 52-week high. The last hour of institutional buying indicate that stock might be in focus for coming days.
United Breweries Limited: The stock of UBL ended marginally up by 0.14% on Monday. Almost 50% of the total volume was recorded in the last 75 minutes. The stock has corrected significantly from its all-time high and looks to find momentum. It formed long-wicked hammer at crucial support. Supported by above average volumes, one can expect some good action from the stock.
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