These stocks see huge volume burst in the last leg of the trading session.
MCX, Kalyan Jewellers, Blue Dart has witnessed volume burst in the last 75-minutes of 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.
Multi Commodity Exchange of India (MCX): The stock of MCX jumped over 8% and it has closed at a fresh 52-week high on Thursday. The most striking fact is that the stock has witnessed a majority of the volume activity in the last 75-minutes of the trading session. Total traded volume for the session was nearly 22.53 lakh and 70% of the volume activity was seen in the last 75-minutes of trading. Furthermore, the price too witnessed a sharp spike in the last 75-minutes, which indicates that there was a lot of interest seen in the stock. Hence, market participants can keep a close on this stock.
Kalyan Jewellers India: The stock had gained nearly 14% on Thursday and interestingly, one-third of the volume for the day was recorded in the last 75-minutes of the trading session. Plus, the price of the stock also shot up and closed near its day’s high. Keep a watch on this stock.
Blue Dart: The stock moved in a lacklustre manner for the majority part of the trading session on Thursday. However, in the last leg of the trade, the stock had witnessed buying interest. This is quite evident from the fact that nearly 70% of the volume of the day was registered in the last 75-minutes of the trade. Along with this, the price also surged higher, which suggest that the stock could remain in action in the coming trading session. Don’t miss out on this stock.
Start Investing Now!
Open Free Demat Account in 5 mins