These stocks witness a huge volume burst in the last leg of the trading session!
Birla Corporation, VIP Industries, and Praj Industries 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 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.
Birla Corporation: The stock surged about 4.60% on Wednesday. It traded flat for most of the day but gained strong momentum towards the end. More than 60% of the day’s volume was recorded during the last 75 minutes of the trade and the stock rose about 3%. With positivity emerging towards the end, the stock shall be in the good books of traders.
VIP industries: The stock soared over 4.32% in Wednesday’s trading session. Right from the start, the stock continued to trade higher, and volumes build towards the end. In the last hour, it gained about 1.50% and recorded good volumes. On the technical chart, it has formed a bullish engulfing candle and registered above-average volumes. Thus, the stock is expected to be traded with a positive bias in times to come.
Praj Industries: The stock soared about 3.66% at the end of the day. It traded positively throughout the day and was volatile towards the end. In the end, the stock gained nearly a percent following institutional buying. Good volumes were seen towards the end and the stock is likely to see a bullish up move in times to come.
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