These stocks see huge volume burst in the last leg of the trading session!
Ambuja Cement, CCL Products, and Brigade Enterprises 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.
Ambuja Cement: The stock traded lower for most of the time but saw a huge buying interest towards in the last hour of the session. Towards the end, the stock surged nearly 2%, recording huge volume during the process. In the end, the stock surged about 1.27% and ended near day’s high. With such positive bias, the stock is an attractive trading idea for upcoming days.
CCL Products: The stock soared about 3.88% on Monday. In the latter half of the session, the stock shot up nearly 3.5%, and recorded huge volume. Today’s volume has been registered six times the previous day’s volume, which shows incredible amount of trading activity in this stock today. The stock is likely to keep the momentum alive and it is expected to be traded heavily in upcoming days.
Brigade Enterprises: The stock rose about 4.62% and closed near day’s high. The stock has traded strong for the sixth consecutive trading session and recorded above average volume today. About 50% of the total day’s volume was recorded in the last 75 minutes, which hints towards the institutional interest in the stock. With strong price action and huge volumes, one can expect the stock to be significantly traded in times to come.
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