These stocks see huge volume burst in the last leg of the trading session.
APLLTD, Equitas Small Finance Bank, BEL 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.
Alembic Pharmaceuticals (APLLTD): The stock of APLLTD jumped over 6% on Monday. Interestingly, nearly 85% 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 during the last trading hour, which indicates that there was a lot of interest seen in the stock. Hence, market participants can keep a close watch on this stock.
Equitas Small Finance Bank: Stock has surged nearly 9% on Monday, but the striking point for this stock was the volume and price action seen in the last 75-minutes of trade. As the closing bell approached, the stock witnessed a 50% volume movement of the trade, plus the icing on the cake was the stock ending at day's high. Keep a watch on this stock.
Bharat Electronics (BEL): The stock of BEL soared by 4% on Monday. The stock was in momentum right from the start of the day, but in the last 75-minutes, the stock underwent a surge in price and volume. The stock witnessed more than 60% of the total traded volume of the day in the last 75-minutes. Interestingly, the price action was quite profound, which indicates that buyers were enthusiastically buying the stock. Don’t miss out on this folks.
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