These stocks see huge volume burst in the last leg of the trading session!
Birla Corporation, CESC and Railtel Corporation of India 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.
Birla Corporation: The stock of Birla Corporation gained over 1.5% on Monday. Interestingly, over 60% 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 trading hour, which indicates that there was a lot of interest seen in the stock. Hence, market participants can keep a close watch on this stock. In addition to this, the icing on the cake is that the stock closed near days high.
CESC: The stock did not witness any spectacular run for the majority part of the trading session, it was only in the last 75-minutes of the trade, the stock witnessed a massive move along with a price burst. Nearly 75% of the total traded volume of the session was seen in the last 75-minutes of the trade, plus the bulk of the gains too were seen in the same period. Considering the robust price and volume move in the last leg of the session, traders can keep an eye on this stock.
Railtel Corporation of India: The stock gained over 3% on Monday. 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 session. 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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