These stocks witness a huge volume burst in the last leg of the trading session!
Spicejet, BEML, and JustDial 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.
Spicejet: The stock soared 10.19% on Tuesday. It traded flat for most of the day but saw an amazing rally towards the end. It surged about 7% in the last 75 minutes but recorded huge volumes. The daily volume was above the 10-day, 30-day and 50-day average volume. Moreover, the stock is in strong uptrend from the past 4 trading sessions. With such positivity, it is expected to be trading higher with strong buying interest.
BEML: The stock surged 7.33% in Tuesday’s trading session. It traded positively throughout the day. In the last hour, the stock registered about 70% of the daily volume and surged about 4%. Also, it rose above its prior swing high. Thus, we expect it to test further levels with above-average volumes in times to come.
JustDial: The scrip gained about 6.88% today. It attracted buying interest from the market participants, which is evident from the above-average volumes recorded today. The volume registered today was about 5 times the previous day’s volume. With this, the stock is now above its 20-DMA and 50-DMA average volume. Moreover, it has closed at day’s high and is expected to be on buyer’s radar for a few more days.
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