These stocks witness a huge volume burst in the last leg of the trading session!
Varun Beverages Limited, Lemontree Hotels and La Opala 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.
Varun Beverages Limited: The stock surged about 6.49% on Thursday. Throughout the day, it traded positively despite volatility in the market. Towards the end, it surged about 3% and recorded huge volumes. The daily volume was found to be greater than 10-day, 30-day, and 50-day average volume. Moreover, the stock closed at its fresh 52-week high level. With such positivity, we can expect this stock to trade higher in upcoming days.
Lemon Tree Hotels: The stock surged over 4.74% on Thursday’s trading session. It traded flat for most part of the day but witnessed strong buying interest at lower levels. In the last 75 minutes, the stock surged over 3% and registered good volumes. About 50% of the day’s volume was seen during this period. Such strong volume is likely to keep this stock under trader’s watchlist.
La Opala: The stock soared about 4.57% at the end of the day. It was volatile day for the stock as it made swings in both directions. After opening gap-up, the stock witnessed strong selling pressure, only to regain most of it towards the end. The last hour saw about 4% jump and recorded above average volume. It closed above 100-DMA and is likely to be traded heavily in times to come.
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