These stocks witness a huge volume burst in the last leg of the trading session!

These stocks witness a huge volume burst in the last leg of the trading session!

Indian Market
by 5paisa Research Team Last Updated: 2022-08-18T17:34:21+05:30

IRCTC, RHI Magnesita, and Dalmia Bharat 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.   

IRCTC: The stock put on a stellar show as it surged 6.33% on Thursday. Most of its gain came in the last hour when it jumped over 5% and recorded above-average volume. Today’s volume was about 10 times the previous day’s volume. It closed above its prior swing high and is an attractive bet among traders for upcoming days.

RHI Magnesita: The stock surged higher as the day progressed. It witnessed strong buying interest in the last 75 minutes and shot up nearly 4%. The volume was found to be above average and greater than the 10-day and 30-day average volume. It is above all the key moving averages and also closed above its prior swing high. With such positivity, it is likely to be traded heavily with a positive bias.

Dalmia Bharat: The stock bounced 4.48% on Friday. Strong volumes and a breakout above its consolidation pattern are likely to attract market participants. The volume is sharply higher, and the price action is quite positive. We can expect it to trade higher in forthcoming trading sessions.


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