These stocks witness a huge volume burst in the last leg of the trading session!
Abbott India, Bajaj Electricals, and Coromandel International 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.
Abbott India: The stock has witnessed a breakout of falling wedge like pattern and after the breakout there was no looking back for the stock as stock went from strength to strength. The stock jumped over 6% and volume was higher than 30 and 50-days average volume. Now, here is the most interesting data which we would like share, the stock recorded more than 85% of the total volume of the day in the last 75-mintues and this was accompanied by strong up-move, which clearly hints some smart buyers were active in the stock. Hence, watch out!
Bajaj Electricals: The stock skyrocketed over 7.5% on Tuesday. Along with the price move, the volume activity was quite profound. The stock has recorded highest single day volume since late December, 2021. In the last 75-mintues of trade, the stock has seen huge spurt in price and nearly 50% of the volume has been seen in the last 75-mintues of trade. Hence, keep a close watch on this stock.
Coromandel International: The stock closed at record high levels as it gained over 6.5%. The up-move was backed by robust volumes as stock recorded highest single day volumes since April 28, 2022 and moreover, the volumes were greater than its 30 and 50-days average volume. The most striking point is the fact the more than 50% of the total days volume was seen in the last 75-mintues of trade and the stock managed to close near the day’s high. This stock demand special attention.
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