These stocks witness a huge volume burst in the last leg of the trading session!
M&M Financial Services, Gabriel, and Vguard 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.
M&M Financial Services: The stock soared by 4.38% on Friday. Most of its gains came towards the end when it recorded huge volumes. About 60% of the total volume was recorded during the last 75 minutes of the trade. The daily volume is above average, and the stock has registered a good breakout. With this, the stock is expected to be traded heavily with a positive bias.
Gabriel: The scrip gained about 1.53%. It was volatile throughout the day but gained upside momentum in the last hour. It shot up about 1.50% in this period and recorded good volumes. It is currently above all the key moving averages and looks bullish technically. This stock is likely to be on the trader’s radar for a few more days.
Vguard: The shares surged about 3.84% on Friday’s trading session. It traded flat for most of the day but gained good momentum as it soared over 3% towards the end. Moreover, it crossed above its prior swing high level and is above all the key moving averages. The volumes have been good recently, and we expect it to continue its bullish momentum with rising volumes in times to come.
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DisclaimerInvestment/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.
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