These stocks see huge volume burst in the last leg of the trading session!
Bombay Burmah Trading Corporation (BBTC), Bharat Rasayan, and FDC 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
Bombay Burmah Trading Corporation (BBTC): The stock surged a massive 11.41% on Thursday. The stock traded strongly positive throughout the day and buying aggravated in the last 75 minutes. The stock shot up nearly 5% in this time period along with huge volume. Almost 50% of the total volume was traded in the last 75 minutes. Such price action is possible when institutional investors participate in trading. Thus, significant movement in the stock is expected in upcoming days.
Bharat Rasayan Limited: The stock rose about 2.77% on the trading session of Thursday. The stock traded flat to negative amid volatility. But in the last hour of the session, the stock picked up the pace and shot up about 3.5%. It recorded huge volume in the period. Above average volumes have been recorded in the past few days at lower levels, and it looks that the stock is ready for the momentum on the upside.
FDC Limited: The stock gained 3.64% on Thursday. It traded firmly in green throughout the day. The last 75 minutes of the session saw the stock being traded in huge volume and it gained 1% during this period. Major institutional buying was seen as most of the day’s volume was recorded towards the end of the session. The stock looks to gain some momentum, as this might possibly be the start of the trend.
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