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 17, 2021, 04:14 PM IST

Adani Green Energy, Bayer Corpscience Limited and Bharat Rasayan 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.   

Adani Green Energy: The stock gained a decent 0.78% when the overall market was bleeding. It was trading negatively the entire day except for the last 75 minute where it shot up nearly 2.5%. This price action is accompanied by huge volume as about 50% of the total daily volume was recorded during this period. The stock managed to end in green and significant action can be expected owing to rising volumes.

Bayer Corpscience Limited:  The stock rose about 1.62% on Friday. The stock experienced a selling pressure early in the morning but made a splendid recovery thereafter. In the last 75 minutes, the stock gained about 1% backed by good volume. Institutions stepped in at the last hour to propel the stock higher. We can thus expect more trading action in this stock in coming days.

Bharat Rasayan: Though the stock ended marginally negative today, it showed a splendid recovery towards the end of the session. The stock traded negative throughout the day but recovered at the end of the day. The volume recorded during the last hour is about 50% of the total day’s volume. Thus, we can expect some significant price action in this stock in days to come.

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SENSEX
52,973.84
180.22 (0.34%)
Nifty 50
15,842.30
60.15 (0.38%)
Nifty Bank
33,597.60
476.25 (1.44%)

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