These stocks see huge volume burst in the last leg of the trading session!
AIA Engineering, Bajaj Electric, and Rural Electric Corporation 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.
AIA Engineering: The stock rose about 2.68% on Tuesday and closed above 20-DMA. The stock was slightly in a correction mode but today bounced back from its crucial 1850 level where it took a support previously. Huge volume was recorded today towards the end as the stock made some volatile moves either side. In the last 75-minutes, the volume contributed was more than 50% of the total volume. Institutional activity in the last hour suggests some significant price action to follow in upcoming days.
Bajaj Electric: The stock gained 5% on the trading session of Tuesday. It is correctly significantly from its all-time high and has showed a recovery at important 1000-level mark today. It traded positively right from the start and volumes kept on rising as the session approached the end. Volume witnessed today was more than average volume of the last 10 days and it is expected that the stock might show some momentum in coming days.
Rural Electric Corporation (REC): The stock rose a 4.38% on Tuesday. It was going through a correction phase since many days and finally showed some strength today. It witnessed huge volumes towards the end as it gained around 2% during this period. Almost 3/4th of the total daily volume was recorded in the last 75 minutes. This immense buying by the institutions shows the potential the stock carries for coming days. One must keep a watch on this stock.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7653.10 | 39.4 (0.52%) |
| CAC 40 | 7981.51 | 0 (0%) |
| DAX | 17770.02 | 0 (0%) |
| Dow Jones | 37753.31 | -45.66 (-0.12%) |
| FTSE 100 | 7860.09 | 44.46 (0.57%) |
| Hang Seng | 16463.33 | 211.49 (1.3%) |
| US Tech Composite | 15688.37 | -181.88 (-1.15%) |
| Nikkei 225 | 38118.38 | 156.58 (0.41%) |
| S&P 500 | 5022.21 | -29.2 (-0.58%) |
| Gift Nifty | 22219.50 | 107.5 (0.49%) |
| Shanghai Composite | 3088.80 | 17.42 (0.57%) |
| Taiwan Weighted | 20312.83 | 99.5 (0.49%) |
| US 30 | 37828.70 | 64.1 (0.17%) |
Start Investing in 5 mins*
Rs. 20 Flat Per Order | 0% Brokerage
