These stocks witness a huge volume burst in the last leg of the trading session!
Rossari Biotech Ltd, Uno Minda Ltd and Kajaria Ceramics 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.
Rossari Biotech Ltd: On Monday, this stock (NSE Scrip Code: ROSSARI) rallied 18.39%. More than 2.25 million shares were traded. In which more than 60% volume came in last 75 minutes. This volume is one of the highest from the time of its listing session. The stock is closed near to its previous swing high just below the 200DMA and is expected to remain positive in the upcoming days.
Uno Minda Ltd: The scrip (NSE Scrip Code: UNOMINDA) traded positively throughout the day and gained 4.73%. The stock has rallied from its previous consolidation zone to register a technical breakout from consolidation pattern on daily charts which makes it attractive. Given such positivity, it is expected to be on traders’ radar for times to come.
Kajaria Ceramics: (NSE Scrip Code: KAJARIACER) the stock soared about 4.71% during the day. Strong buying emerged in the afternoon session with an excellent volume recorded in Monday’s session. It formed a strong bullish bar and closed above its 200 DMA from consolidation zone to register a breakout of trend reversal pattern. This breakout and Closing above all short-term key moving averages indicates strong momentum, it is likely to be in focus for upcoming days.
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