These stocks witness a huge volume burst in the last leg of the trading session!
Bayer Cropscience, BEL, and HAL have witnessed 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.
Bayer Cropscience: The stock soared about 2% on Thursday. After a gap-down opening, It gained upside momentum and volumes continued to build. In the last 75 minutes of the trade, the stock shot up nearly 2% and recorded above-average volume. About 55% of the total volume was recorded during this period. With such volume, it is expected that stock shall be traded heavily in times to come.
BEL: The stock gained about 1.13% today. It traded negatively for most of the time but witnessed a strong recovery in the end. In the last hour, the stock gained about 2% and recorded an above-average volume which is greater than the 10-day and 30-day average volume. With such strong trading activity, the stock is expected to continue its bullish momentum for some more time.
HAL: The stock closed higher by 5.72%. It gained momentum in the second half and closed at a day's high. The volume recorded was one of the biggest in many days. With such strong trading volumes, the stock is expected to trade positively in the coming days.
About the Author
Start Investing Now!
Open Free Demat Account in 5 mins