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: Dec 01, 2021, 05:51 PM IST

Century Textile, Prestige, and RAIN Industries 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.

Century Textiles: The stock is extremely bearish for the medium term as it continued to make lower lows. It is marginally up by 0.12%, but in the last 75 minutes witnessed huge buying and gained about 2% during this period. Almost 50% of the total volume was recorded in the last hour. Such volume is possible when institutes are actively trading, and one can experience significant price action in this stock.

Prestige:  The stock rose about 5% today to close at 442.75. It took the support of 100-DMA before bouncing back. The stock was trading flat but gained momentum as the day progressed. The last 75 minutes witnessed about 722K shares being traded. This tells about the interest of the market participants and one can expect this stock to trade similarly on the upside in the coming days.

RAIN Industries: The stock gained 5.07% on Wednesday and closed just below 20-DMA. About 50% of today’s volume came in the last 75 minutes. Increasing volumes will help push the stock further higher and closing above 20-DMA will mean short-term bullishness. The stock made swings in either direction today but managed to close at day’s high. After today’s rising volume, one can expect the stock to climb further.

SENSEX
52,973.84
180.22 (0.34%)
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SENSEX
52,973.84
180.22 (0.34%)
Nifty 50
15,842.30
60.15 (0.38%)
Nifty Bank
33,597.60
476.25 (1.44%)

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