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

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

by 5paisa Research Team Last Updated: May 13, 2023 - 02:25 pm 165 Views

Zensar Technologies Ltd, Caplin Point Ltd and Uno Minda Ltd have witnessed volume bursts 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.      

Zensar Technologies Ltd: The stock surged 9.43% on Friday. Interestingly, volume stood above average and greater than the 50-day average volume. More than 14 million shares were traded today and more than 60% volume was traded in the last 75 minutes. The stock is trading in a range and closed above the range on short-term charts. Follow-up buying can be expected until today’s low is protected. The stock will gain more strength if it sustained above today’s high in the upcoming days.      

Caplin Point Laboratories Ltd: The scrip traded positively in the morning session. Later it became range bound in the second half of the day with gains of 3.07% with volumes of nearly 2 lakh shares and it jumped more than 2% with good volumes in the morning session. About 50% of the total daily volume was recorded during this period. The stock traded higher after it registered a breakout of the continuation price pattern along with a trend reversal pattern on daily charts which makes it an attractive breakout candidate. Given such positivity, it is expected to be on traders’ radar for times to come.

Uno Minda Ltd: The stock soared about 2.91% during the day. Strong buying emerged in the afternoon session where it nearly jumped 1% more than the 60% volume recorded in the second half of the day. Stock is trading just below the breakout level of the continuation pattern daily time frame. Closing above the Rs 580 will confirm the breakout of this continuation pattern. Closing around the day's high and above the last swing high makes it attractive for the short term, it is likely to be in focus for upcoming days.

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