These stocks witness a huge volume burst in the last leg of the trading session!
KEC International Ltd, Hinduja Global Solutions 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.
KEC International Ltd: The stock rallied 7.60% today from its support zone of 5 DMA with notable volumes in the last 75 minutes. It jumped more than 4.5% in this period and more than 60% volume of the day traded at the time. Today’s volume was one of the highest volumes compared to the last 30 days. The stock closed above the multiple tops at the lifetime high. Any closing above today’s high will confirm the breakout of the continuation price pattern which makes it attractive for the upcoming days.
Hinduja Global Solutions Ltd: It was a volatile day for stock as it witnessed selling pressure in the first hour and then traded positive to close 4.48% higher. In the last 75 minutes, it jumped nearly 1.74% 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 made a close above the last swing high and 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.
NCC Ltd: The scrip soared about 3.54% during the day. Strong buying emerged from the morning session and more than 8.45 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 a medium-term uptrend and after the fall of 2 consecutive sessions today it rallied exactly from 26 DMA. Follow-up buying may witness in the next few sessions as it registered a breakout of continuation pattern, thus it is likely to be in focus for the next few days. Investors looking for opportunities in the construction sector can add this stock to their watchlist.
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