These stocks witness a huge volume burst in the last leg of the trading session!

These stocks see huge volume burst in the last leg of the trading session!

by 5paisa Research Team Last Updated: Mar 09, 2023 - 04:36 pm 971 Views
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Kaveri Seed Company, Rail Vikas Nigam Ltd and Lambodhara Textiles Ltd witnessed a 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.

Kaveri Seed Company: (NSE CODE: KSCL) The stock surged 3.58% in the last 2 hours only. Where 2.36 lakh shares were traded which is more than 90% of its daily volume and closed around days high at Rs.565. After this up move stock registered a technical breakout of continuation pattern on daily timeframe suggesting follow up buying in next few trading sessions.

Rail Vikas Nigam Ltd: (NSE CODE: RVNL) The scrip traded positively from the first candle in the morning and surged 3.44%. Around 1.8 crore shares traded throughout the day but more than 60% volume was recorded during the afternoon session which was around 1 crore. After short term downtrend the stock has been rebounded from 200DMA on daily charts and near to its breakout of trend reversal price pattern. Todays volume & chart structure indicates a fresh up move in upcoming days.

Lambodhara Textiles Ltd: (NSE CODE: LAMBODHARA) This stock is trading just above the breakout level which act as a support. Then bounced from that support and closed around Rs.164.15 which also its prior swing high. More than 90% move of the stock came in second half of the day where about 3.5 lakh shares were traded. Today’s closing near to day high formed bullish Marubozu candle which indicates start of fresh rally with momentum.

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