These stocks witness a huge volume burst in the last leg of the trading session!
Ceat Limited, Suprajit Engineering, and Brigade Enterprises 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.
Ceat Limited: The stock rose higher by 2.33% despite a bearish market. Despite opening lower, it continued its bullish trend and gained about 3% towards the end. It recorded good volumes, which it has been doing since the past four trading sessions. The above averages volume recorded by the stock indicates strong buying interest and we expect it to trade with a positive outlook in upcoming days,
Suprajit Engineering: The scrip soared 4.89% on Tuesday. It traded positively throughout the day and gained about 2% in the last 75 minutes. Interestingly, the volume recorded today has been greater than 10-day and 30-day average volume. It soared above its prior swing high and is expected to be traded with positive bias times to come.
Brigade Enterprises: The shares closed higher by 3.12%. With this, it had soared above all the key moving averages. The rally was supported by above average volume. About 50% of the total volume was registered during this period. With such positivity, we expect it to be under traders’ radar for some more time.
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