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: Apr 06, 2023 - 03:39 pm 623 Views
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Carysil Ltd, Jindal Saw Ltd and Aegis Logistics 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. 

Carysil Ltd: (NSE Symbol: CARYSIL) The stock surged 5.68% on Wednesday. Interestingly, volume stood above average and greater than the 20-day average volume. Nearly 1.54 lakh shares were traded on Wednesday which was among the highest in the last 1 month. The stock closed above the last month's high and registered a breakout of Bullish Up-Flag Pattern. Thus, it is expected to remain positive in the upcoming days.  

Jindal Saw Ltd: (NSE Symbol: JINDALSAW) The scrip traded positively throughout the day and gained 7.79%. In the afternoon session, it jumped nearly 4.5% with strong volumes. A total 5.12 million of shares were traded today and about 60% of the total daily volume was recorded during this period. The stock has been in a medium-term uptrend and registered a breakout of a trend reversal price pattern on hourly charts, which makes it attractive. Given such positivity, it is expected to be on traders’ radar for times to come.

Aegis Logistics: (NSE Symbol: AEGISCHEM) The stock soared about 6.41% during the day. Strong buying emerged from the morning session where 1.33 million shares were traded and more than 60% of this volume was recorded in the second half of the day. It formed a strong bullish bar from the support of 26 DMA and engulfed the last 2 weeks' consolidation zone. The stock registered a continuation pattern breakout and with above-average volumes, it is likely to be in focus for upcoming days.

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