These stocks see huge volume burst in the last leg of the trading session!

resr 5paisa Research Team 12th December 2022 - 01:56 pm
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Balaji Amines, Bharat Dynamics Limited, and Central Depository Services Limited (CDSL) 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.

Balaji Amines: The stock rose a 2.83% on Thursday, outperforming the broader indices. It was trading positive throughout the day and shot up nearly 1.5% towards the end. Over 60% of total daily volume was recorded in the last 75 minutes of the sessions. It is currently trading near its 200-DMA and huge volume burst towards the end indicates more trading activity that is yet to come in upcoming days. One must keep a watch on this stock.

Bharat Dynamics Limited:  The stock of Bharat Dynamics zoomed over 2.63% on the trading session ended Thursday. It was trading in red almost the entire day except for the last 75 minutes where it surged about 4.17%. More than 3/4th of the daily volume was recorded in the last hour. The stock ended above its 20-DMA indicating short term bullishness. One might see some action in this stock because of its rising volumes and more institutional participation can be expected in the coming days.

CDSL: The stock of CDSL shot up more than 6% on Thursday. It closes above its 20-DMA as it looks to continue its bullish momentum. A volume was 2.1 million was recorded today which is the highest since July 2021. More than half of the volume came from the last 75 minutes. Aided by above average volumes, one can expect some good action from the stock.

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