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 21, 2021, 04:31 PM IST

Adani Ports, Gujarat Alkali and Moil 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.

Adani Ports: The stock surged about 3.41% and was one of the top gainers of Nifty stocks. It traded negative initially but soon witnessed buying at lower levels in the latter half of the session. In the last 75 minutes, the stock surged about 2.5%. This price action was accompanied by huge volume, which indicates institutional participation in the last hour. About 1.5 times the previous day’s volume has been recorded today. With rising volume, the stock is expected to move with significant price action in the coming days.

Gujarat Alkali:  The stock rose about 2.74% on Tuesday. It traded positively the entire day and witnessed a strong volume burst towards the end. About 50% of the total day’s volume was recorded during this period. With stock finding support near its 100-DMA, the stock is expected to trade higher in the near term.

Moil Limited: The stock soared about 4.73% on Tuesday and closed above its 20 and 200-DMA decisively. The stock opened higher and sustained the gap up. It traded positive the entire day and witnessed strong buying towards the end. It gained about 1.6% in the last 75 minutes and recorded huge volume. 55% of the total day’s volume was recorded during the last hour which suggests institutional participation. With strong buying emerging in the end, the stock is expected to be trading higher in the upcoming days.

SENSEX
54,052.61
-236.00 (-0.43%)
Nifty 50
16,125.15
-89.55 (-0.55%)
Nifty Bank
34,290.15
42.55 (0.12%)
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SENSEX
54,052.61
-236.00 (-0.43%)
Nifty 50
16,125.15
-89.55 (-0.55%)
Nifty Bank
34,290.15
42.55 (0.12%)

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