These stocks witness a huge volume burst in the last leg of the trading session!
Adani Enterprises Limited, CESC, and Alkem Laboratories 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.
Adani Enterprises Ltd: The stock soared over 1.56% on Monday. It traded flat to negative for most of the day and gained sharp momentum on the upside in the last hour. In the last 75 minutes, the stock surged nearly 2% and recorded above-average volume. Also, it registered the volume twice the previous day’s volume. With such strong trading activity, it is expected that stock shall be traded heavily in times to come.
CESC: The stock surged about 2.20% today. It was in the negative zone throughout the day but gained strong buying interest at lower levels. In the last hour of the trade, the stock surged about 4% from its day’s low and recorded about 70% of the total day’s volume during this period. With such strong trading activity, the stock is expected to continue its bullish momentum for some more time.
Alkem Laboratories: The stock closed higher by 0.70% despite a huge gap-down opening. Towards, the ending stages, the stock surged about 1.50% and recorded strong trading activity. The volume recorded was found to be greater than the 10-day and 30-day average volume. The stock has formed a bullish candle after many days of bearishness and thus, it is expected to trade in heavy volume and with a positive bias in the coming days.
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