These stocks witness a huge volume burst in the last leg of the trading session!
TCNS Clothing, V-Guard Industries, and Vaibhav Global Limited 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 a 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.
TCNS Clothing: The stock traded flat for the most part of the day but witnessed strong momentum towards the end. The stock closed 7.53% higher, but about 2.50% of this rally came in the last 75 minutes. About 70% of the day’s volume was recorded during this period. With stronger volumes, it is expected to be volatile with a positive bias for upcoming days.
V-Guard Industries: The stock climbed 4.79% on Friday. It formed higher highs on the technical chart which is a positive sign. It traded positively throughout the day and volumes continued to rise. With above-average volume, we can expect it to be trading higher in times to come.
Vaibhav Global Limited: The scrip soared about 4.43% during the day. Strong buying interest was seen at lower levels which propelled the stock above its 20-DMA. Above-average volumes were recorded recently, and such strong price action shall put the stock in a sweet position for upcoming days.
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