These stocks see huge volume burst in the last leg of the trading session!
Maan Aluminium, Macrotech Developers, and Advanced Enzymes Technologies have witnessed a 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.
Maan Aluminium: The stock surged over 17% during Tuesday’s trading session supported by massive volume. Over 20 lakh shares have been traded on Tuesday which is the highest in many days. The volume is found to be greater than the 30-day and 50-day average volume. With such strong trading activity, the stock is expected to be trading higher in the coming days.
Macrotech Developers (LODHA): The scrip soared nearly 6% on Tuesday. It gained momentum towards the latter stage and shot up nearly 5%. About 70% of the total day’s volume was recorded in the last hour of the trade. Moreover, the stock closed at a day’s high and is expected to be traded heavily in times to come.
Advanced Enzyme Technologies: The stock gained 4% on Tuesday. It traded higher throughout the day and volumes continued to rise. It rose beyond all its key moving averages and closed above its prior swing high. The stock witnessed strong buying interest towards the end as it shot up nearly 3%. With such positivity, the stock is expected to continue its bullish momentum for short period.
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