These stocks witness a huge volume burst in the last leg of the trading session!

These stocks witness a huge volume burst in the last leg of the trading session!

by 5paisa Research Team Last Updated: 2022-07-04T16:47:46+05:30

Astral Limited, AIA Engineering, and Hindustan Unilever Limited 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.

Astral Limited: The stock surged about 4.36% on Monday. It remained positive throughout the day and gained strong momentum towards the end. About 50% of the total day’s volume was recorded in the last 75 minutes of the trading session. Interestingly, the stock also closed above its short term resistance level of Rs 1700. With positivity emerging towards the end, the stock is likely to be treated with positive bias in the upcoming days.    

AIA Engineering:  The scrip skyrocketed over 7.10% in Monday’s trading session. In the last 75 minutes, the stock witnessed strong buying interest as it shot up nearly 3%. The volumes recorded today were above average, which were also greater than 10-day and 30-day average volumes. The stock has hit a fresh 52-week high of Rs 2428.85 level. Thus, the stock shall be on the trader’s radar for a few more days.

Hindustan Unilever Ltd.: The stock soared about 4.07% and was the top gainer amongst Nifty stocks. This defensive stock has crossed above its 200-DMA level with strong volumes today. The volumes were above average, and most of its gains came in the second half of the trading session. The stock is quite buzzing lately, and we can expect the stock to be in focus for upcoming days as well.


Start Investing in 5 mins*

Get Benefits worth 2100* | Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/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.

Open Free Demat Account

& get benefits worth 2100*

 
Resend OTP
Please Enter OTP
  • Have Promo code?
  • Use code ACT2100
Enter Promo code

By proceeding, you agree to the T&C.

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number