These stocks witness a huge volume burst in the last leg of the trading session!
Strides Pharma, Aurobindo Pharma, and Schaeffler India 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.
Strides Pharma: The stock was up by 3.68% despite weak market sentiment. Throughout the day, it traded higher and gained good buying interest from the market participants. In the last hour, it rose about 2.50% and recorded above average volumes during the process. It closed at day’s high, and it is expected to be traded with positivity in times to come.
Aurobindo Pharma: The stock soared over 3.37% on Tuesday. It traded higher amid volatility but gained good momentum towards the end of the trading session. It jumped over a percent in the last 75 minutes and recorded good volumes. On the technical chart, the stock formed a bullish engulfing pattern, which is a bullish sign. It closed above its 20-DMA and is likely to maintain its bullish sentiment in short term.
Schaeffler India: The stock rose by 2.94% in Tuesday’s trading session. It traded flat for most of the day but gained an upside of about 2% in the last 75 minutes. There was an active participation in the stock and it closed above all its key moving averages. The stock is likely to remain resilient to market fluctuations and buying interest is expected to persist.
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