These stocks witness a huge volume burst in the last leg of the trading session!
Orient Electric, Spandana Sphoorty, and Bluedart Express 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.
Orient Electric: The stock rose higher by 7% despite a bearish market. Interestingly, all its gains came in the last 75 minutes, when the stock witnessed heavy buying interest. The volume recorded was more than 60% of the day’s volume. With such strong volume emerging toward the end, the stock is expected to be volatile with a positive bias
Spandana Sphoorty: The stock closed higher by 8.60% on Wednesday. It traded flat throughout the day and gained strong momentum towards the end. It rose about 1.50% in the last hour and registered above average volumes. The stock has risen from lower support levels, and we expect the stock to trade higher in upcoming days.
Bluedart Express: The stock soared over 5% on Wednesday. It was extremely bullish towards the end as it rose about 3% in the last 75 minutes. Moreover, the volume increased sharply. The volume was found to be greater than 10-day, 30-day, and 50-day average volumes. With such positivity, it is expected to trade higher with heavy volumes.
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