These stocks see huge volume burst in the last leg of the trading session!
Rallis India, Apcotex Industries, and Sigachi Industries 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.
Rallis India: The stock surged 6.69% on a positive day as strong buying sentiment towards the latter stages pushed it higher. In the last 75 minutes, the stock jumped nearly 4% backed by strong volumes. About 70% of the day’s volume was concentrated during this period. Going forward, it is expected to see positive momentum amidst rising volume.
Apcotex Industries: After many consolidations, the stock soared nearly 8% and recorded above-average volume. The volume is found to be greater than the 30-day and 50-day average volume. The stock closed above its 20-DMA and indicates short-term bullishness. With strong positives, it is likely to be on the traders’ watchlist for the upcoming days.
Sigachi Industries: The stock climbed 6.51% during Friday’s trading session. It traded higher as the day progressed and recorded huge volumes today. The volume in the latter stages was rising and indicates strong trading activity in the stock. The stock closed at the day’s high and formed a big bullish bar. We can expect a good uptrend from the stock in times to come.
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