These stocks see huge volume burst in the last leg of the trading session!

These stocks see huge volume burst in the last leg of the trading session!

by 5paisa Research Team Last Updated: May 19, 2023 - 05:33 pm 674 Views
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Mastek Ltd, Adani Green Energy Ltd and Oberoi Realty Ltd 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.     

Mastek Ltd: (NSE Symbol: MASTEK) The stock surged 5.96% on Friday. Interestingly, volume stood above average and greater than the 20-day average volume. Nearly 5.6 lakh shares were traded on Friday which is more than 100% as compared to the last 5 days' volume. The stock closed above the last multiple swing highs and registered a breakout of the trend reversal price pattern on daily charts. Thus, it is expected to remain positive in the upcoming days.       

Adani Green Energy Ltd: (NSE Symbol: ADANIGREEN) The scrip traded positively throughout the day and gained 4.23% after a gap-down opening. In the afternoon session, it jumped more than 7% with strong volumes. Around 2.85 million shares are traded today and about 50% of the total daily volume was recorded during this period. The stock is ready to register a breakout of the continuation pattern on daily charts as it rebounded from the support of the last swing low which makes it attractive. Given such positivity, it is expected to be on traders’ radar for times to come.      

Oberoi Realty Ltd: (NSE Symbol: OBEROIRLTY) The stock soared about 3.19% during the day. Strong buying emerged from the morning session where nearly 1.276 million shares were traded and around 60% of this volume was recorded in the second half of the day. It formed a strong bullish candlestick pattern island reversal on daily charts. The stock closed just above the 200 DMA bullish candlestick pattern followed by above-average volumes; it is likely to be in focus for the upcoming days.

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