These stocks see huge volume burst in the last leg of the trading session!
ACC, Century Textiles, and EIHOTEL 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.
ACC: The stock surged about 3.34% on Wednesday and traded positive for the entire day and witnessed amazing buying interest towards the end. In the last 75 minutes, the stock shot up over 1.7% and recorded huge volume during the process. About 50% of the total day’s volume was recorded during this period. With such high trading activity, the stock is expected to be trading higher in the coming days.
Century Textiles: The stock has soared over 6.56% on Wednesday and traded positive for the entire day. Towards the final hour, it surged nearly 3% with above-average volume. The day’s volume happened to be greater than the 10-day and 30-day average volume. Moreover, the stock closed at day’s high and is expected to be traded heavily in times to come.
EIHOTEL: The stock gained about 3.76% and closed near its 20-DMA. It gained momentum as the day progressed and volumes continued to build up. The stock recorded nearly twice the previous day’s 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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