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: Jun 07, 2022, 04:40 PM IST

Cyient, EPL, and Ujjivan Small Finance Bank have 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 a 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.  

Cyient: The stock jumped over 5% on Tuesday. It traded positively throughout the day and volume increased as the day progressed. In the last hour, the stock gained over 2% and closed nearly at the day’s high. Moreover, about 50% of its day’s volume was recorded in the last 75 minutes. With such positivity, the stock is expected to be volatile with a positive bias for upcoming days.

EPL: The stock closed higher by 5.17% it traded flat for most of the time but witnessed strong buying momentum towards the end. A bullish gain of 5% was seen towards the end of the 75 minutes timeframe. Moreover, volumes turned out to be above average, indicating higher buying participation. Thus, it should be on the trader’s radar for a few more days.

Ujjivan Small Finance Bank: The stock closed positive by 3.09%, and at its day’s high. On the technical chart, it formed a bullish engulfing candle and closed above its 20-DMA. Most of its gains came in the last hour when the stock shot up nearly 2%. It can trade higher with heavier volumes in times to come.

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SENSEX
52,907.93
-111.01 (-0.21%)
Nifty 50
15,752.05
-28.20 (-0.18%)
Nifty Bank
33,539.45
114.35 (0.34%)

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