These stocks witness a huge volume burst in the last leg of the trading session!
5paisa Research Team
14th December 2022 - 08:29 pm
Finolex Cables, Lux Industries, and Bajaj 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.
Finolex Cables: The stock rose higher by 3.44% despite a bearish market. It traded positively amid volatility and also recorded above-average volumes. In the last hour, the stock jumped 2% and crossed above its falling trendline. With such positivity, the stock is expected to trade higher in the coming days.
Lux Industries: The scrip soared 3.37% on Tuesday. It received amazing buying interest at the start of the session and recorded above-average volumes. On the daily chart, the volume rose for the third consecutive day and was above average. It has crossed above its short-term resistance level and is expected to see strong trading activity in the coming days.
Bajaj Holdings: The shares closed higher by 2.71%. With this, it crossed above its 20-DMA and recorded good volumes. Most of its gains came in the last 75 minutes and closed nearly at a day’s high. Thus, the stock is likely to be under the trader’s radar for upcoming trading sessions.
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.
Tanushree Jaiswal