These stocks witness a huge volume burst in the last leg of the trading session!
RBL Bank, Century Plyboards, and Laxmi Organics Industries Ltd. 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.
RBL Bank: The stock attracted buyers as it surged over 6.40% to close above its 20-DMA. It traded in the range for the past many days and has given a strong breakout on Tuesday The volume recorded was above average and was greater than the 10-day and 30-day average volume. About 50% of the total day’s volume was recorded in the last 75 minutes. With such positivity, the stock is expected to trade higher in times to come.
Century Plyboards: The stock soared over 6.18% and closed at a day’s high. Strong closing was met with strong volumes, as over 50% of Tuesday’s volumes were recorded towards the end. It rose over 2% in the last hour and closed near to its prior swing high. Such a high volume is likely to attract traders’ attention.
Laxmi Organic Industries Ltd: Shares of LXCHEM gained about 5.75% on Tuesday. It traded flat for most of the day but shot up 5.50% in the last 75 minutes. Over 70% of Tuesday’s volume was registered in this period as the stock closed near the day’s high. It closed above its prior swing high and is expected to maintain its bullishness in the upcoming days.
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