These stocks witness a huge volume burst in the last leg of the trading session!
Gujarat State Fertilizers and Chemicals Ltd., Ratnamani Metals and Tubes Ltd., and L&T Finance Holdings 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.
Gujarat State Fertilizers and Chemicals Ltd.: The stock soared about massive 17.48% on Tuesday. It traded positivity throughout the day and gained strong momentum towards the end. In the last 75 minutes, the stock gained about 6% and recorded a huge volume during the process. The daily volume was found to be greater than the 10-day, 30-day and 50-day average volume. With such positivity, the stock is likely to be attracting buyers in the coming days.
Ratnamani Metals and Tubes Ltd.: The stock soared over 12.04% today. After falling initially, the stock gained an upside momentum and continued to trade higher throughout the day. Toward the end, the stock jumped 8% owing to institutional buying. Moreover, it recorded rising volume for fifth consecutive day. Thus, the stock will be under trader’s radar for some more time.
L&T Finance Holdings: The stock gained about 4.37% at the end of the day. It traded positive for most of the time and saw good momentum in the last hour. The stock nearly gained a percent and volume showed that the stock is an attractive buy. The volumes recorded were heavy, and the stock is expected to be traded strongly in times to come.
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