These stocks witness a huge volume burst in the last leg of the trading session!
Varroc Engineering Ltd., Garware Tech Fibres, and Larsen % Toubro Infotech 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.
Varroc Engineering Ltd.: The stock gained massive attention towards the end as it soared over 4% in the last 75 minutes. It gained a total of 7.35% on July 18 and recorded above average volumes. The volume is found to be greater than 10-day and 30-day average volumes. It has registered a falling trendline breakout and is likely to be trading higher in upcoming days.
Garware Tech Fibres: The stock rose about 5.90%. Despite falling initially, the stock received strong buying interest at lower levels and surged about 7% from its intraday low. Most of its gains came in the last hour when it shot up over 3.50%. The volume tends to be above average and about 50% of the total day’s volume was recorded in the last hour. With such positivity and strong buying, the stock is likely to be in traders’ watchlist.
Larsen & Toubro Infotech: Shares of LTI inched higher by 6% today. It traded positively throughout the day and gained good momentum towards the end. It recorded rising volumes in the end and closed at day’s high. Strong volumes and a breakout above its short-term resistance is a positive sign, and the stock is expected to be traded at a higher price 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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