These stocks witness a huge volume burst in the last leg of the trading session!
NBCC, Minda Corporation and Oil India 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.
NBCC: NBCC soared 5.18% on Friday. Interestingly, most of these gains came in the last 75 minutes, when the stock shot up over 7%. Moreover, nearly 90% of the day’s volume was recorded during this period. Also, the stock closed above its prior swing high, which is a bullish sign. With strong volume, it is expected that stock shall be traded heavily with positive bias in times to come.
Minda Corporation: The stock rose 5.39% today. It traded positively for most of the day. It gained strong momentum towards the end and volumes were above average. The daily volume was greater than the 10-day, and 30-day average volume. It closed above all its key moving averages, and we expect it to continue its positive momentum in the coming days.
Oil India: The stock of Oil India surged 5.24% today. In the last 75 minutes of the trade, it witnessed heavy buying and jumped over 4%. The strong buying was evident from the above-average volume recorded today. The stock has closed above its prior swing high and thus, it is likely to be on traders’ radar for times to come.
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