These stocks witness a huge volume burst in the last leg of the trading session!
IRB Infrastructure Developers, Narayana Hrudayalaya, and Adani Enterprises have witnessed a 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.
IRB Infrastructure Developers: It was a volatile day for the stock as it swung at both ends. After opening gap-up, the stock faced resistance and plunged from higher levels. However, strong buying towards the end led to an amazing rally of about 3% and the stock closed 6.58% higher. The volumes rose towards the end and the daily volume was found to be above average. The stock closed above its prior sing high which is a positive sign. Thus, we can expect it to remain volatile on a positive note for upcoming days.
Narayana Hrudayalaya: The stock skyrocketed 4% in Monday’s trading session. It traded positively throughout the day and volume continued to rise. It closed nearly at day’s high and was accompanied by good volume. With such positivity, the stock shall be in traders’ list for times to come.
Adani Enterprises: The stock soared 3.47% today. It has hit a fresh 52-week high today, and it also recorded above average volume. In the last 75 minutes, heavy buying led the stock to rise by nearly 2%. Moreover about 50% of the total day’s volume was recorded during this period. Overall, the stock is likely to continue the upside for upcoming days.
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