These stocks see huge volume burst in the last leg of the trading session!
Cochin Shipyard, Firstsource Solutions Ltd, and Sterling & Wilson Renewable Energy have witnessed a 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.
Cochin Shipyard: The stock jumped nearly 9% during Friday’s trading session amid positive buying sentiment. Strong buying was witnessed towards the end it soared 5% in the last 75 minutes of the session. It was supported by massive volume which constituted about 60% of the total day’s volume. Such a strong spurt in volume is likely to attract buyers in times to come.
Firstsource Solutions Ltd: After many days of consolidation, the stock witnessed strong buying sentiment as it soared over 6% on Friday. It continued to trade higher throughout the day and volumes continued to rise. The volume recorded on Friday was found to be greater than the 30-day and 50-day average volume. strong trading activity emerging, in the end, is a likely indication of institutional participation in the stock. Thus, the stock is likely to be in focus for times to come.
Sterling & Wilson Renewable Energy: The scrip witnessed strong buying at lower levels after its recent downtrend. The volumes emerged above average, and the stock shot up over 5% on Friday. Most of these gains came in the last hour when the stock jumped nearly 4%, backed by massive volumes. It indicates a potential trend reversal, and we can expect this stock to perform better in the upcoming days.
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