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: May 05, 2023 - 05:16 pm 797 Views
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Rail Vikas Nigam Ltd, Hitachi Energy India Ltd and TCNS Clothing Company Ltd Brands 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.

Rail Vikas Nigam Ltd: On Friday, this stock (NSE Symbol: RVNL) rallied 9.55%. Nearly 90 million shares were traded today, among which more than 50% volume came in the last 75 minutes. This volume is one of the highest compared to the last 100 trading sessions. The stock rebounded from the 5DMA and closed around the day high. A few sessions ago it registered a technical breakout of the continuation pattern on daily charts and is expected to remain positive in the upcoming days.

Hitachi Energy India Ltd: The scrip (NSE Symbol: POWERINDIA) traded positively throughout the day and gained 7.60%. Volume stood above the 50-day average volume which was the highest in the last few days. This action made it close above previous multiple swing highs. The stock has rallied from its previous consolidation zone and registered a technical breakout of the continuation price pattern on daily charts which makes it attractive. Given such positivity, it is expected to be on traders’ radar for times to come.  

TCNS Clothing Company Ltd: (NSE Symbol: TCNSBRANDS) The stock soared about 6.04% during the day. Strong buying emerged from the morning session with an excellent volume of more than 5 lakh recorded in Today’s session. It formed a strong bullish bar and just closed below the 200 DMA. It is the highest closing of the year 2023 and closing above key moving average will confirm the trend of the stock, it is likely to be in focus for upcoming days.

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