These stocks see huge volume burst in the last leg of the trading session.
Amber Enterprises, Canara Bank, Dixon 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.
Amber Enterprises India: The stock of Amber advanced over 3% on Friday. Interestingly, nearly 78% of the total traded volume of the day was witnessed in the last 75-minutes of the trading session. 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.
Canara Bank: Nifty PSU Bank was the second-best performing sectoral indices on Friday and among the Nifty PSU Bank, Canara Bank was one of the stocks which witnessed a huge spurt in volume and price in the last 75-minutes of the trade. Interestingly, the stock has witnessed 40% of the volume in the last 75-minutes of the trade and in addition to this, the stock has closed near its day’s high. Keep a watch on this stock.
Dixon Technologies: The stock Dixon jumped 10% on Friday. However, in the first half of the trading session, the stock remained in a sideways range, but in the last 75-minutes, the stock witnessed a picture-perfect finish just like MS Dhoni won the World Cup Final with a six. The stock witnessed more than 50% of the total traded volume of the day in the last 75-minutes of the day and also, the price action was quite profound, which indicates that buyers were enthusiastically buying the stock. Don’t miss out on this stock.
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