These stocks see huge volume burst in the last leg of the trading session!
IFB Industries, KPR Mill, and Triveni Turbine 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.
IFB Industries: The stock surged by a massive 16% on Friday. It registered a breakout from its triangle pattern and what followed was a strong trading activity. Volume recorded today has been the highest in many days, with most of it being recorded in the last hour of the session. With such strong trading activity, it is likely to be trading with a positive bias in the upcoming days.
KPR Mill: The scrip rose about 4.70% during Friday’s trading session. It traded flat throughout the day but witnessed a strong gush of investments towards the end. In the last 75 minutes alone, the stock jumped over 6% backed by massive volume. It closed above its prior resistances and has formed a strong bullish bar on the chart. The volumes rose for the fourth straight day, and we can expect more participation in the stock in times to come given such positivity.
Triveni Turbine: Shares of this stock inched higher by 4.74% today. It traded positively throughout the day and gained good momentum towards the end. It recorded rising volumes in the end and closed at a day’s high. Strong volumes and a breakout above its short-term resistance is a positive signs, and the stock is expected to be traded at a higher price in times to come.
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