These stocks see huge volume burst in the last leg of the trading session!
IDBI, LODHA, Piramal Enterprises 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.
IDBI: The stock soared about 4.54% and showed a spectacular turnaround towards the end. The stock traded fairly in red for most of the time but saw a huge buying interest towards the end as it shot up nearly 5.5% from its lows. About 60% of the total day’s volume was recorded in the last 75 minutes of the trade. With above average volumes, the stock is expected to be traded heavily in coming days.
LODHA: The stock is marginally up on Tuesday. It was trading in deep red for almost entire day but gained a sharp momentum on the higher side towards the end. The stock rose over 4% in the last hour and recorded huge volume during the process. The volume recorded today is greater than 10-day and 30-day average volume, highlights larger participation in the stock. The stock formed a Doji candle with long wick at the bottom. The stock is expected to be traded heavily the next day as per the rising volumes
Piramal Enterprises Limited: The stock traded flat for most part of the day but slowly gained momentum towards the end. IT is up by over 1.62% and most of its gains come In the last hour where it rose over 1%. The volumes recorded with such rise was also higher and above average. With such positivity, the stock is expected to continue its bullish momentum for short period.
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