These stocks witness a huge volume burst in the last leg of the trading session!
CEAT Limited, Graphite India, and Hindustan Copper 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.
CEAT Limited: The stock surged about 3.75% and formed a strong bullish candle. It traded positively throughout the day and volume increased towards the end. Moreover, an above-average volume was recorded which is more than the 10-day and 30-day average volume, highlighting larger participation in the stock. With the stock being traded heavily towards the end, it is expected to be volatile with a positive bias for upcoming days.
Graphite India: The stock gained nearly 5% on Monday. It traded positivity throughout the day and gained strong momentum towards the end. In the last 75 minutes of the trade, the stock surged over 3.40% and recorded a huge volume during the process. About 50% of the total day’s volume was registered during this period. With the stock being actively traded today, it is expected that the stock shall be on the trader’s radar for a few more days.
Hindustan Copper: The stock soared about 2.27% during the day. It gained about 1% in the last hour and recorded above-average volume, which was greater than the 10-day and 30-day average volume, indicating strong trading activity. With such positivity, the stock is expected to be traded heavily in times to come.
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