These stocks witness a huge volume burst in the last leg of the trading session!
Macrotech Developers (LODHA), Railtel and JSL 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.
Macrotech Developers (LODHA): The stock surged about 5.43% despite weak market sentiment. Interestingly, the stock witnessed strong surge in its volume towards the end, and the stock shot up nearly 4%. Moreover, about 50% of the day’s volume was recorded during the last 75 minutes. With the stock being traded heavily towards the end, it is expected to be volatile with a positive bias for upcoming days.
Railtel: The stock gained about 5.40% on Friday. It traded positively throughout the day. Despite weakness emerging in the market towards the end, Railtel jumped over a percent in the last hour. Moreover, today’s volume was found to be greater than 10-day, 30-day and 50-day average volume. With the stock being actively traded, it is expected to be on trader’s radar for next week.
Jindal Stainless: The stock soared about 1.57% during the day. It was flat for most of the time, but institutional buying propelled the stock higher towards the end. In the last 75 minutes of the trade, the stock jumped about 1.50 per cent to close at day’s high. Above average volumes were recorded recently, and such strong price action shall put the stock on a sweet position for upcoming days.
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