These stocks witness a huge volume burst in the last leg of the trading session!
Eclerx Services, Route mobile Ltd and Poly Medicure 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.
ECLERX: The stock rallied 6.24% on Friday. Interestingly, such a strong surge was backed by massive volume. Nearly 2.57 lakh shares were traded on Friday which was among the highest in many days. The volume turned out to be greater than the 50-day average volume. The stock closed above its prior swing high and is expected to remain positive in the upcoming days.
ROUTE: The scrip traded positively throughout the day and gained 2.84%. In the last 75 minutes, it jumped nearly 2.48% and recorded good volumes. About 70% of the total daily volume was recorded during this period. Interestingly, strong buying activity is witnessed near to its technical breakout level, which makes it an ideal candidate for trading. Given such positivity, the stock is expected to be on traders’ radar for times to come.
POLYMED: The stock soared about 4.47% during the day. Strong buying emerged from the morning session and more than 80% volume was recorded in the second half of the day. It formed a strong bullish bar from the support of the 26 DMA. The stock registered a technical breakout of continuation pattern and with above-average volumes, it is likely to be in focus for next few days.
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