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 08, 2023 - 05:09 pm 695 Views
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Triveni Turbine Ltd, Balaji Amines Ltd and BSE 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.      

Triveni Turbine Ltd: (NSE Symbol: TRITURBINE) The stock surged 8.55% on Monday. Interestingly, volume stood above average and greater than the 30-day average volume. Nearly 2.8 million shares were traded on Monday which is nearly double compared to the last 5 days volume. The stock made a new lifetime high on a closing basis and registered a breakout of the continuation price pattern on ultra-short-term charts. Thus, it is expected to remain positive in the upcoming days.   

Balaji Amines Ltd: (NSE Symbol: BALAMINES) The scrip traded positively throughout the day and gained 5.80%. In the afternoon session, it jumped nearly 3% with strong volumes. Around 2 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 an island reversal candlestick pattern on daily charts, which makes it attractive. Given such positivity, it is expected to be on traders’ radar for times to come.    

BSE Ltd: (NSE Symbol: BSE) The stock soared about 5.5% during the day. Strong buying emerged from the morning session where nearly 1.5 million shares were traded and around 50% of this volume was recorded in the second half of the day. It formed a strong bullish bar just below the 200 DMA and engulfed the last 4 days' down move. The stock also closed above its last swing high with above-average volumes, it is likely to be in focus for upcoming days.

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