These stocks see huge volume burst in the last leg of the trading session!
TCNS Brands, Solara Active Pharma Sciences, and De Nora India 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.
TCNS Brands: After many days of consolidation, the stock finally registered a breakout as it soared 5.64% on Friday. Most of this action came in the last hour when the stock witnessed huge buying interest, The volumes stood greater than 30-day average volume. About 50% of day’s volume was recorded in the last 75 minutes of the trade. The momentum is strong, and the stock is expected to remain positive as volumes are elevated.
Solara Active Pharma Sciences: The scrip has jumped over 5% during Friday’s trading session backed by good volumes. The volumes rose 3-fold from previous trading session. The volumes continued to rise as the session progressed and the stock closed nearly at the day’s high. We expect the bullish momentum to continue in the near term.
De Nora India: This stock formed a strong bullish bar on the technical chart as it soared over 8% during Friday’s trading session. Most of the action was concentrated in the last hour when the stock witnessed strong buying interest at lower levels. About 60% of the total day’s volume was recorded during this period. The Relative Strength of the stock is strong and is expected to outperform the broader market in times to come.
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