These stocks see huge volume burst in the last leg of the trading session!
The Phoenix Mills, Ujjivan Small Finance Bank, and Hindustan Aeronautics Limited have witnessed volume burst in the last 75 minutes of the trade.
As the saying goes, the first, as well as the last hour of each trading session, is the most important and active in terms of price & 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 the trade along with price rise, it is considered a 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 to medium-term.
So, based on this principle, we have shortlisted three stocks that have witnessed volume burst in the last leg of the trade along with price rise.
The Phoenix Mills Ltd: The stock attracted strong volumes at lower levels and jumped over 5% during Tuesday’s trade. Towards the end, strong spurt in volumes was seen and the stock shot up nearly 3%. About 50% of the total day’s volume was recorded in the last 75 minutes. It is likely to be on the trader’s list given such positive sentiment.
Ujjivan Small Finance Bank: The stock traded positively as the day progress and strong rise was volume was seen. Massive buying was seen at lower levels led to a V-shaped recovery in the stock. The stock trades above all its key moving averages and is likely to trend positive in times to come.
Hindustan Aeronautics Limited: Shares of HAL rose 4.82% on Tuesday. It formed a strong bullish candle, backed by rising volumes. Volume rose for third consecutive day, which is a strong indication of buying activity. It is currently trading at prior pivot and is likely to produce positive movements in upcoming trading sessions.
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