These stocks witness a huge volume burst in the last leg of the trading session!
Anupam Rasayan, UltraTech Cements, and Dalmia Bharat have witnessed a 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 a 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.
Anupam Rasayan: The stock surged 5.38% at the end of the day. It was trading higher in a rangebound manner but saw a strong rally amid strong buying interest towards the end. In the last 75mintues, the stock gained about 4% and recorded huge volumes. Over 60% of the day’s volume was recorded during this period. With such high volume trading, the stock is expected to be trading with a positive bias in times to come.
UltraTech Cement: The stock soared 5.35% on Friday. It traded flat for the most part of the day and it shot up over 5% in the last 75 minutes. High institutional activity can be evident from the above-average volumes. The stock is currently under a strong uptrend and is likely to be traded heavily in times to come.
Dalmia Bharat: The stock gained 3.62% today. It saw good buying interest towards the last hour when the stock rose nearly 3%. The stock is in a steady uptrend, and it closed at a day’s high. The volume was found to be greater than the 10-day and 30-day average volume. With such positive sentiment, the stock is likely to perform better in upcoming trading sessions.
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