These stocks see huge volume burst in the last leg of the trading session.
Superhouse, Garware Technical Fibres and Godrej Agrovet 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.
Superhouse: The stock of superhouse soared over 8% and it recorded a fresh 52-week high on Wednesday. Interestingly, nearly 85% of the total traded volume of the day was witnessed in the last 75-minutes. Furthermore, the price too witnessed a sharp spike during the last 75-mintues of trade, which indicates that there was a lot of interest seen in the stock. Hence, market participants can keep a close watch on this stock.
Garware Technical Fibres: The stock for the majority part of the trading sessions remained in capped range, however, it was only in the last 75-minutes it saw a volume and price eruption. Nearly 70% of the total traded volume of the day was witnessed in the last 75-minutes and the bulk of the gains too were seen in the last hour of the trade. In addition to this, the icing on the cake was the stock ending at the day's high. Keep a watch on this stock.
Godrej Agrovet: The stock of Havells gained over 4% on Wednesday. The bulk of the volume and price activity for the stock was seen in the last 75-minutes of the day. The stock witnessed nearly 70% of the total traded volume of the day in the last 75-minutes of the trade. Interestingly, the price action was robust, which indicates that buyers were actively buying the stock. Keep this stock on your radar.
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