These stocks witness a huge volume burst in the last leg of the trading session!
Fine Organic India, Poly Medicure Ltd and TD Power Systems have 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.
Fine Organic India: The stock surged 8.26% on Wednesday. Interestingly, volume stood above average and greater than the 30-day average volume. Nearly 2.5 lakh shares were traded on Wednesday which was among the highest in the last 6 days. The stock engulfed the last 6 days move to touch its 26 DMA on a daily timeframe and is expected to remain positive if it sustained above today’s high in the upcoming days.
Poly Medicure Ltd: The scrip traded positively throughout the day and gained 4.38%. In the afternoon session, it jumped nearly 3% and recorded good volumes. About 60% of the total daily volume was recorded during this period. The stock has been in a consolidation zone, which makes it an attractive breakout candidate. Given such positivity, it is expected to be on traders’ radar for times to come.
TD Power Systems: The stock soared about 5% during the day. Strong buying emerged from the morning session where more than 50% of the volume was recorded in the second half of the day. It formed a strong bullish bar near to previous swing high which is also a lifetime high while 1.25 million shares traded for the day which is higher than the last 50 days' above-average volumes. It is likely to be in focus in the upcoming days.
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