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 17, 2023 - 07:19 pm 733 Views
Listen icon

Aster DM Healthcare Ltd, IDBI Bank Ltd and Mishra Dhatu Nigam Ltd have witnessed 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.

Aster DM Healthcare Ltd: The stock surged 2.67% on Wednesday. Interestingly, volume stood above average and greater than the 15-day average volume. Nearly 4 lakh shares were traded and more than 60% volume was traded in last 75 minutes. The stock formed a rounding bottom formation on ultra-short-term charts, and it closed above the last swing high. Follow-up buying can be expected until today’s low is protected. The Stock would gain more strength if it sustained above today’s high in the upcoming days.       

IDBI Bank Ltd: The scrip traded positively in the morning session and later it became range bound in the mid-day session and again traded higher to close around the day’s high with gains of 6.29% with volumes of nearly 31 million shares. About 50% of the total daily volume was recorded in the last 75 minutes. It registered a breakout of the continuation price 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.

Mishra Dhatu Nigam Ltd: The stock soared about 5.19% during the day. Strong buying emerged in the afternoon session where it nearly jumped 3.19% and more than 60% volume was recorded in the second half of the day. The stock registered the breakout of the trend reversal pattern daily time frame in the last trading session and today it witnessed strong follow-up buying which confirmed the breakout. Breakout of trend reversal makes it attractive for the upcoming sessions, it is likely to be in focus in upcoming days.

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Trust Fintech IPO Subscribed 108.63 times

Trust Fintech IPO is book-built issue of ₹63.45 crores, consisting entirely of fresh issue shares totalling 62.82 lakh. Trust Fintech IPO commenced its subscription period on March 26, 2024, & concludes today, March 28, 2024.

Aspire & Innovative IPO Subscribed 15.17 times

Aspire & Innovative IPO is a book built issue of Rs 21.97 crores. The issue comprises entirely a fresh issue of 40.68 lakh shares. Aspire & Innovative IPO opens for subscription on March 26, 2024, and closes on March 28, 2024. The allotment for the Aspire & Innovative IPO is expected to be finalized on Monday, April 1, 2024.

Blue Pebble IPO Subscribed 56.32 times

Blue Pebble IPO, valued at ₹18.14 crores, comprises fresh issue of 10.8 lakh shares. Commencing subscription on March 26, 2024, Blue Pebble IPO is set to conclude on March 28, 2024. Allotment process is scheduled to be finalized by Monday, April 1, 2024. Following this, IPO is slated to debut on NSE SME, with tentative listing date of Wednesday, April 3, 2024.