These stocks see huge volume burst in the last leg of the trading session! April12
Allcargo Logistics, Astral Limited, and Mazagon Dock 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.
Allcargo Logistics: The stock closed higher by 2.60% today. It traded negative for most part of the day but received strong buying interest at lower levels towards the end of the session. In the last 75 minutes of the trade, the stock gained about 4% and recorded above average volume during the process. The daily volume was greater than 10-day and 30-day average volume and indicates strong trading activity in the stock. With such positive bias, the stock is an attractive trading idea for upcoming days.
Astral Limited: The stock soared about 2.06% on Tuesday. In the latter half of the session, the stock shot up nearly 2% and recorded huge volume. About 50% of the day’s volume was recorded during this period. The stock is likely to keep this positive momentum alive and it is expected to be traded heavily in upcoming days.
Mazagon Dock: The stock rose about 8.87% and closed near day’s high. Throughout the day, the stock remained positive, and volumes continued to build. The stock has traded strongly for the seventh consecutive trading sessions and recorded above-average volume today. The volume recorded today has been the highest in many days and was about 10.85 million. With strong price action and huge volumes, one can expect the stock to be significantly traded in times to come.
About the Author
Start Investing Now!
Open Free Demat Account in 5 mins