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 20, 2023 - 04:14 pm 234 Views

Carborundum Universal Ltd, Metro Brands Ltd and NCC 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.  

Carborundum Universal Ltd: The stock rallied 5.63% today from its support zone of 26 DMA with notable volumes in last 75 minutes. It jumped more than 3% in last 75 minutes only and more than 60% volume of the day traded in same period. Today’s volume was one of the highest volumes compared to last 30 days. Stock closed above the multiple tops at the lifetime high. Any Closing above today’s high will confirm technical breakout which makes it attractive for the upcoming days.

Metro Brands Ltd:  Stock traded positive from the morning session and today from the support of 200 DMA it rallied to closed 6.03% higher around the day’s high. In the last 75 minutes, it jumped nearly 1.4% and recorded good volumes. More than 60% of the total daily volume was recorded during this period. Interestingly, because of such strong buying activity it registered a breakout of 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.

NCC Ltd: The stock soared about 3.61% during the day. Strong buying emerged from the morning session and more than 7.5 million shares traded today in which more than 60% volume of the day was recorded in the last 75 minutes of the day. Stock is in medium term uptrend consolidating in upward sloping channel and today it closed above this channel on daily timeframe. Follow up buying may witness in next few sessions thus it is likely to be in focus for the next few days. Investors looking for opportunity in Infra sector can add this stock to watchlist.

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