These stocks see huge volume burst in the last leg of the trading session!
Biocon, Delta Corp, and VIP 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.
Biocon: The stock of Biocon gained about 1.69% on Monday’s trading session outperforming broader indices. It traded lower the entire day but shot up about 1.5% in the last 75 minutes of the session. During this period, about 1.41 million shares were traded which is more than 50% of the daily volume. The stock currently trades near its crucial 200-DMA. Breaking of this level with huge volume will mean a strong uptrend for the stock.
Delta Corp: The stock surged over 3.5% on Monday. It is trading strong since 5 trading sessions and has closed at day’s high. The stock as much as 5.5% in the last 75 minutes. Along with this, more than 75% of the total volume was recorded during this period. With the buying emerging at the end, the stock is set to continue its momentum and scale new highs in times to come.
VIP Industries: The stock surged over 8% on Monday and closed above its 20 and 50-DMA decisively. The stock has witnessed huge volume towards the end. It traded firmly in green throughout the day and shot up nearly 3% in the last hour. With such strong volume, the stock is likely to continue the momentum and one can witness strong price action to follow in coming days.
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