These stocks witness a huge volume burst in the last leg of the trading session!
Ujjivan Small Finance Bank, Hatsun and Aavas Financiers 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.
Ujjivan Small Finance Bank: The stock soared 9.77% on Tuesday. It traded flat for most part of the day but bounced sharply in the last 75 minutes. During this period, the stock rose 9.50% and recorded huge volumes. Over 90% of the day’s volume was recorded during this period, suggesting strong institutional buying. With she shares being traded in huge volumes, it is certain to be under traders’ watchlist for upcoming days.
Hatsun Agro Products: The stock surged over 4.05% today. It traded positively for entire day and volume continued to build as the day progressed. In the final few minutes, it jumped nearly a per cent and registered above average volumes. The daily volume was found to be greater than 10-day and 30-day average volume. The strong trading activity is likely to persist for some more time.
Aavas Financiers: This scrip jumped 3% at the end of the day. It has soared above its prior 100-DMA and saw strong volumes. Most of the daily volume was registered in the last hour, when the stock bounced nearly a per cent. It traded with volatility but is likely to be positively traded in times to come.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7690.70 | 14.7 (0.19%) |
| CAC 40 | 8091.86 | -13.92 (-0.17%) |
| DAX | 18088.70 | -48.95 (-0.27%) |
| Dow Jones | 38460.92 | -42.77 (-0.11%) |
| FTSE 100 | 8040.38 | 0 (0%) |
| Hang Seng | 17201.27 | 0 (0%) |
| US Tech Composite | 15717.75 | 16.11 (0.1%) |
| Nikkei 225 | 38460.08 | 0 (0%) |
| S&P 500 | 5071.63 | 1.08 (0.02%) |
| Gift Nifty | 22370.00 | -54.5 (-0.24%) |
| Shanghai Composite | 3044.82 | 0 (0%) |
| Taiwan Weighted | 20131.74 | 532.46 (2.72%) |
| US 30 | 38377.20 | -10.3 (-0.03%) |
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