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

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

by 5paisa Research Team Last Updated: Apr 11, 2023 - 04:56 pm 940 Views
Listen icon

KPR Mill Ltd, Valliant Organics Ltd and Balaji Amines 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.   

Valliant Organics Ltd: The stock recently rebounded from lower levels and today it rallied 4.81% from its support zone of 5 DMA with notable volumes in the last 75 minutes. More than 60% volume of the day trading in the last 75 minutes only. Today’s volume was one of the highest volumes compared to the last 6 days. The stock closed just below the recent swing high. Any Closing above this swing high will give a technical breakout which makes it attractive for the upcoming days.

KPR Mill Ltd:  Scrip traded positive from the morning session and closed 6.44% higher around the day’s high. In the last 75 minutes, it jumped more than 3% and recorded good volumes. More than 70% of the total daily volume was recorded during this period. Interestingly, because of such strong buying activity, it registered a breakout of the continuation pattern, which makes it an ideal candidate for trading. Given such positivity, the stock is expected to be on traders’ radar for times to come.

Balaji Amines Ltd: The stock soared about 4.84% during the day. Strong buying emerged from the morning session and more than 2.5 lakhs shares traded today in which more than 60% volume of the day was recorded in the last 75 minutes of the day. Recently it bounced from lower levels and today it closed above the previous swing high on the daily timeframe. Follow-up buying may witness in the next few sessions thus it is likely to be in focus for the next few days. Investors looking for an opportunity in the chemical sector can add this stock to their watchlist to play this bounce.

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Polymatech Electronics: ₹1,500 Crore IPO for Semiconductor Expansion

Polymatech Electronics, prominent semiconductor chip manufacturer based in Chennai, is gearing up for significant financial move with plans to launch₹1,500 cr initial public offering (IPO) by end of year. This IPO, double size initially envisaged, signifies company’s ambitious expansion strategy in semiconductor industry.

Vodafone Idea Sets Floor and Cap Prices for FPO Amid Market Speculation

In a major development, Vodafone Idea Ltd. has revealed the floor price and cap price, alongside the lot size, for its upcoming follow-on public offering (FPO). The telecom giant witnessed a decrease of more than 3.25% during early trading on Wednesday, settling at ₹12.51, thus holding a market capitalization exceeding ₹61,000 crore.

Bondada Engineering Share Price Surged by 1423.2%, Know Why?

Bondada Engineering, standout in integrated infrastructure sector, witnessed extraordinary surge in its share price, soaring by impressive 1423.2% since its debut on BSE SME platform in August 2023. Investors who were part of IPO allocation saw significant gains, potentially earning 18.3 lakhs in just over eight months.