These stocks witness a huge volume burst in the last leg of the trading session
Tata Elxsi, Vinati Organics, and Rajesh Exports 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.
Tata Elxsi: The stock soared about 5.75% on Friday. It traded positivity throughout the day and gained strong momentum towards the end. In the last 75 minutes, the stock gained nearly 2% and recorded a huge volume during the process. The volume was found to be greater than the 10-day and 30-day average volume. Along with this, the volume rose for third-straight day. Thus, the stock is likely to be traded heavily in the coming days.
Vinati Organics: The stock soared over 3.40% today. It traded negative for almost the entire day but received strong buying interest towards the end. The stock shot up over 7% in the last 75 minutes and recorded huge volumes. About 50% of the total day’s volume was recorded during this period. With the stock being such heavily traded, we expect it surge higher in upcoming days.
Rajesh Exports: The stock gained about 1.20% at the end of the day. It traded flat for most of the time but gained some points towards the end. Shared were being traded in huge quantities and about 50% of the total volume was recorded. Thus, the stock will be under trader’s radar for some more time.
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