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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! These stocks see huge volume burst in the last leg of the trading session!](https://storage.googleapis.com/5paisa-prod-storage/files/2023-05/These%20Stocks%20See%20Huge%20Volume%20Burst_13.jpg)
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Last Updated: 26th May 2023 - 06:07 pm
Godrej Industries Ltd, Macrotech developers Ltd and Emami 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.
Godrej Industries Ltd: On Friday, this stock (NSE Symbol: GODREJIND) rallied 3.78%. More than 5 lakh shares were traded on this day, in which more than 50% volume came in afternoon session. This volume is one of the highest compared to last 10 trading sessions. The stock is closed around days high just below its previous swing high and it registered a technical breakout of continuation pattern on daily charts and is expected to remain positive in the upcoming days.
Macrotech developers Ltd: The scrip (NSE Symbol: LODHA) traded positively in the afternoon session and gained 5.40% in which it jumped more than 5% in last 75 minutes only. Volume stood above 10-day average volume which was the highest in last few days. This action made close above last swing high. The stock has rallied from its previous consolidation zone and engulfed the move of last 9 days which makes it attractive. Given such positivity, it is expected to be on traders’ radar for times to come.
Emami Ltd: (NSE Symbol: EMAMILTD) the stock soared about 4.75% during the day. Strong buying emerged from the morning session with an excellent volume of more than 1 million recorded in Today’s session. It formed a strong bullish candle, and engulfed last 10 trading sessions move in single candle only which confirm the aggression of the stock. This action registered a technical breakout of continuation pattern on daily chart thus it is likely to be in focus for upcoming days.
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