These stocks witness a huge volume burst in the last leg of the trading session!
Wockhardt, Hinduja Global Solutions, and Mishra Dhatu Nigam 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 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.
Wockhardt: The stock witnessed strong buying emerging towards the end, as it soared over 5% in the last 75 minutes. It jumped over 12% at the end of the day and recorded above-average volume. Institutional buying is quite evident from such a huge surge in volume. It formed higher highs on the technical chart and is expected to be in traders‘ good books.
Hinduja Global Solutions: The stock gained momentum as the day progressed. It surged 4.34% on Friday while most of these gains came in the last hour when the stock recorded a huge volume. About 50% of the total day’s volume was recorded during this period. It has soared 10% in the past 3 trading sessions so far and is likely to keep seeing more upside backed by good volumes in times to come.
Mishra Dhatu Nigam Ltd: The stock surged 3.49% on a weaker market day. It traded flat for the entire day except towards the end when it surged nearly 3%. Above average volumes were recorded lately, which indicates larger participation interest. It trades above all its key moving averages and is likely to be a hot topic among traders.
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