Stocks at Huge Volume Burst In the last trading session -123
Kaveri Seed and Company Ltd, Asahi India Glass Ltd and MOIL 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.
Kaveri Seed and Company Ltd: On Wednesday, this stock (NSE Symbol: KSCL) rallied 3.13%. Nearly 1 lakh shares were traded today, in which more than 60% volume came in last 75 minutes. This volume is one of the highest compared to the last 10 trading sessions. The stock rebounded from the 5DMA and closed around day high. It has given a technical breakout from the continuation pattern along with a trend reversal price pattern on daily charts and is expected to remain positive in the upcoming days.
Asahi India Glass Ltd: The scrip (NSE Symbol: ASAHI) traded positively throughout the day and gained 6.02%. Volume stood above the 10-day average volume which was the highest in the last few days. This action engulfed the last 7 days move in a single day candle. The stock has rallied from its previous consolidation zone and closed near to neckline of a technical breakout of the Trend Reversal Price Pattern on daily charts which makes it attractive. Given such positivity, it is expected to be on traders’ radar for times to come.
Moil Ltd: (NSE Symbol: MOIL) The stock soared about 4.02% during the day. Strong buying emerged from the morning session with an excellent volume of more than 3.5 lakhs recorded in Today’s session. It formed a strong bullish bar to register a breakout from the continuation pattern along with Inverted Head and Shoulder pattern and closed above the last multiple swing high. This closing above all short-term key moving averages indicates strong momentum, it is likely to be in focus for upcoming days.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7581.50 | -109.2 (-1.42%) |
| CAC 40 | 8088.24 | 71.59 (0.89%) |
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| Dow Jones | 38239.66 | 153.86 (0.4%) |
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| US Tech Composite | 15932.90 | 316.14 (2.02%) |
| Nikkei 225 | 37934.69 | 306.28 (0.81%) |
| S&P 500 | 5099.96 | 51.54 (1.02%) |
| Gift Nifty | 22638.00 | -35 (-0.15%) |
| Shanghai Composite | 3088.64 | 35.74 (1.17%) |
| Taiwan Weighted | 20120.51 | 263.09 (1.32%) |
| US 30 | 38305.90 | 180.7 (0.47%) |
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