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 20, 2021, 04:35 PM IST

Cera, Johnson Controls -Hitachi Air Conditioning Limited and The Phoenix Mills 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.

Cera: The stock surged over 3.22% on the day when markets were trading deep in red. It opened lower but soon gained momentum and traded positively towards the end. The stock witnessed huge volume burst in the last 75 minutes as about 2/3rd of the total day’s volume was recorded during this period. The stock made some volatile moves in both direction towards the end and the stock is expected to be traded heavily in coming days.  

Johnson Controls - Hitachi Air Conditioning Limited:  The stock ended marginally lower on Monday but what it witnessed was a splendid recovery towards the end. The stock rose about 2% in the last 2 hours and recorded good volumes. About 58% of the total daily volume was recorded in the last 75 minutes of the trade. Moreover, the stock closed at day’s high. Thus, it is expected that the stock will be trading higher in near future.  

The Phoenix Mills Limited: The stock ended almost 1% lower, but it showed dramatic recovery during the last 75 minutes. The stock soared about 4% to close near day’s high. Along with this, it recorded huge volumes which is greater than 10 and 30-day average volume. With such strong volume, the stock is likely to be traded heavily and significant price action is expected in coming days.

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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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