These stocks witness a huge volume burst in the last leg of the trading session!
Indiabulls Real Estate, Caplin Point Laboratories, and Coforge 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.
Indiabulls Real Estate: The stock surged about 5.90% on Wednesday. It traded higher as the day progressed and gained about 2% in the last 75 minutes. Such price action was accompanied by above-average volume, which happened to be about 50% of the day’s volume. Institutional buying propelled the stock higher, and the stock is expected to trade positively in the upcoming days.
Caplin Point Laboratories: The stock soared 4.59% today. It traded positively throughout the day and closed above its 200-DMA. Interestingly, it broke out from its consolidating pattern and registered above-average volumes. The volume happened to be greater than the 10-day, 30-day, and 50-day average volume. With such strong volumes, it is likely to be traded heavily in times to come.
Coforge: The stock jumped about 3.64% during the day. The volumes increased as the session progressed and was found to be greater than the 10-day average volumes. Buying interest prevailed in the latter stage of the session when the stock shot up about 1%. The positivity is expected to continue for some more days.
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