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

resr 5paisa Research Team

Last Updated: 15th May 2023 - 04:43 pm

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Sobha Ltd, Zensar Technologies Ltd and Power Finance Corporation 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.   

Sobha Ltd: On Monday, this stock (NSE Symbol: SOBHA) rallied 11.78%. Nearly 4.9 million shares were traded today, in which more than 50% volume came in the afternoon session. This volume was one of the highest compared to the last 15 trading sessions. The stock closed around the day high just below its 200 DMA. A few sessions ago it registered a technical breakout of trend reversal patterns on daily charts and is expected to remain positive in the upcoming days.

Zensar Technologies Ltd: The scrip (NSE Symbol: ZENSARTECH) traded positively throughout the day and gained 13.15%. Volume stood above the 50-day average volume which was the highest in the last few days. This action made high around the last swing high. The stock has rallied from its previous consolidation zone and registered a technical breakout of the continuation price pattern along with a trend reversal price pattern on daily charts which makes it attractive. Given such positivity, it is expected to be on traders’ radar for times to come.

Power Finance Corporation Ltd: (NSE Symbol: PFC) The stock soared about 3.95% during the day. Strong buying emerged from the morning session with an excellent volume of more than 12 million recorded in Today’s session. It formed a strong bullish bar along with a bullish candlestick pattern “Morning star”. It almost engulfed 3 trading sessions move in a single candle only which confirms the aggression of the stock, it is likely to be in focus for upcoming days.

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