These stocks witness a huge volume burst in the last leg of the trading session!
Hindustan Aeronautics Limited, Polyplex Corporation, and Strides Pharma 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.
Hindustan Aeronautics Limited: The stock rose higher by 7.40% despite a bearish market. It traded positively for most of the day but received strong buying interest towards the end. The stock surged about 3% in the last 75 minutes and recorded a huge volume during the process. More than 50% of the total day’s volume was concentrated during this period. The stock is among the very few stocks currently in strong uptrend and we expect it continue its momentum for some more time.
Polyplex Corporation: The stock closed higher by 4.11% on Friday. It was flat for the initial hours of the session but gained momentum in the latter half. Also, volumes sharply increased as the day progressed. Above average volumes were recorded today, indicating an active participation in the stock. It closed at day’s high and is expected to trade stronger in times to come.
Strides Pharma: The stock soared about 4.68% on Friday. Interestingly, it made a recovery from its lower levels amid strong buying interest. Towards the end, the stock gained about a percent and volume were found to be above average. With this, it is likely to be under trader’s radar for some time.
About the Author
DisclaimerInvestment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Start Investing Now!
Open Free Demat Account in 5 mins