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 14, 2022 - 07:04 pm 44.6k Views
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Amber Enterprises, Endurance technologies, And Idea 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.

Amber Enterprises: The stock rose about 7% on Friday and closed above 100 and 200-DMA. The stock was undergoing correction and today’s price action hints a reversal. Huge volumes were recorded today and is the highest since last month. The stock traded positively throughout the day. Huge volume was recorded today towards the end as the stock made some volatile moves either side. Institutional activity in the last hour suggests that the reversal is on cards. 

Endurance Technologies:  The stock gained mere 0.41% on the trading session of Friday. But the important point to note is that the stock gained almost 2% in the last 75 minutes, thereby ending in green. It is currently facing the resistance of 20-DMA and any closing above it with good volume will mean a start to a good momentum. More than 75% of the total daily volume was recorded during this period. Considering huge volume and strong price action has showed it is expected that the stock might show some momentum in coming days.

Idea: The telecom stock rose a 12.89% on Friday and it currently in super bullish trend. Rising volumes have been record since few days. The stock shot up over 10% in the last 75 minutes. During this period, 785 million shares were traded which is the highest since past few days. This constitutes to more than 70% of total daily volume. This immense buying by the institutions shows the potential the stock carries for coming days. One must keep a watch on this stock.

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