These stocks witness a huge volume burst in the last leg of the trading session!
Gland Pharma Ltd, Rupa & Company Ltd and Apcotex Industries 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.
Gland Pharma Ltd: (NSE Symbol: GLAND) The stock surged 15.05% on Wednesday. Interestingly, volume stood above average and greater than the 200-day average volume. Nearly 6.7 million shares were traded on Wednesday which was among the highest in the last 2 years. The stock closed above the last month's high and registered a breakout of the Bullish trend reversal price pattern. Thus, it is expected to remain positive in the upcoming days.
Rupa & Company Ltd: (NSE Symbol: RUPA) The scrip traded positively throughout the day and gained 5.24%. In the afternoon session, it jumped nearly 3.97% with strong volumes. More than 3 lakh shares traded today and about 60% of the total daily volume was recorded during this period. The stock rebounded from lower levels and registered a breakout of the 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.
Apcotex Industries Ltd: (NSE Symbol: APCOTEXIND) The stock soared about 4.51% during the day. Strong buying emerged from the morning session where nearly 1 lakh 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 200 DMA and engulfed the last 4-day consolidation zone. The stock closed above its last swing high with above-average volumes, it is likely to be in focus in the upcoming days.
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