These stocks see huge volume burst in the last leg of the trading session!
Ashoka Buildcon, Biocon, IRB Infra 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.
Ashoka Buildcon: The stock surged about 2.55% on Thursday. It traded positive the entire day and made a huge swing in both directions towards the end. In the last 75 minutes of the trade, the stock recorded about 60% of the total day’s volume. Moreover, this period saw the stock record its day’s high and slipping over 1% thereafter. Such huge volatility indicates the possibility of heavier trades in the coming days.
Biocon: The stock rose about 1.48% on Thursday’s trading session. It traded flat amid volatility for most of the day. In the last hour, the stock shot up nearly 2.5% and closed near day’s high. This price action was accompanied by huge volume, which highlights larger participation. Moreover, in the past three days, rising volumes have been noted, which demonstrates the further possibility for upside. Thus, the stock is expected to be trading with a positive bias for the coming days.
IRB Infra: The stock traded firmly in green as the session progressed. It rallied about 4.62% today witnessing huge volume during the process. Towards the end, the stock saw a jump of nearly 3.5%. Above-average volume was recorded today which were greater than 10-day and 30-day average volumes. With such a huge volume, it is expected that the stock will be traded heavily in times to come.
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