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

resr 5paisa Research Team

Last Updated: 4th May 2023 - 06:33 pm

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Rajesh Exports Ltd, Manappuram finance ltd and KEI 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. 

Rajesh Exports Ltd: The stock rallied 6.54% today to touch its 26 DMA with notable volumes of around 1.07 million. It jumped nearly 1% in the last 75 minutes only and more than 60% volume of the day traded in the same period. Today’s volume was one of the highest volumes compared to the last 50 days. Today’s price action formed a strong bullish bar which engulfed last 3 days' price action in a single candle only and formed a double-bottom kind of formation. Any Closing above today’s high will confirm the breakout of the trend reversal price pattern which makes it attractive for the upcoming days.

Manappuram Finance Ltd: Stock traded sideways in the morning session and it jumped more than 5% in the last 75 minutes and recorded good volumes. It rallied from the support of 200 DMA to close 4.65% higher around the day’s high. More than 60% of the total daily volume was recorded during this period. Interestingly, the stock witnessed heavy selling pressure in the last trading session with heavy volumes. Today also nearly 53 million shares were traded so any close above today's high makes it an ideal candidate for trading. Given such positivity, the stock is expected to be on traders’ radar for times to come.   

KEI Industries Ltd: The scrip soared about 4.10% during the day. Strong buying emerged from the morning session and more than 2 lakh shares traded today in which more than 50% volume of the day was recorded in the last 75 minutes of the day. Stock is in a strong uptrend and today it closed just below the lifetime high. Follow-up buying may witness in the next few sessions as it formed a bullish piercing candlestick pattern on daily charts, thus it is likely to be in focus for the next few days. Investors looking for opportunities in the cables and electrical industry can add this stock to their watchlist.

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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. Also, The

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