These stocks see huge volume burst in the last leg of the trading session!
Abbott India, Balrampur Chini Mills, and Eicher Motors 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.
Abbott India: The stock witnessed an amazing buying emerging towards the end as it shot up over 7% today. The stock traded flat for most of the time, but a surge in volume saw it rally over 16500 levels. About 80% of the total daily volume was recorded in the last 75 minutes of the trade. With buying emerging towards the end accompanied with larger volume, the stock is expected to be trading higher in the coming days.
Balrampur Chini Mills: The stock has soared over 3% on Wednesday. It traded flat for the most part of the day but then received an amazing buying response. This was met with a larger volume which is greater than 10-day and 30-day average volumes. Due to the momentum built today, it closed near the day’s high. Thus, the stock is expected to be traded heavily in times to come.
Eicher Motors: The stock traded flat the entire day and jumped about 1.5% towards the day end. With this, the stock recorded above-average volume during the process. Today’s volume is almost twice the previous volume and highlights larger participation in the stock. With such positivity, the stock is expected to continue its bullish momentum for short period.
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