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: 2022-08-23T16:53:18+05:30

JK Tyres & Industries, Welspun Corp, and Aditya Birla Fashion & Retail Ltd (ABFRL) 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.

JK Tyres & Industries:The stock closed on a higher note and gave a strong breakout from its cup & handle pattern.  It rose nearly 8% on Tuesday while most of its gains came in the last 75 minutes. About 50% of the total volume was recorded during this period. Overall, the stock is bullish and is expected to be in traders’ watchlist.

Welspun Corp:The stock soared 7% today. It traded positively throughout the day and closed at its prior swing high. The volumes turned out to be above average and rose for third consecutive session. With such strong volumes, it is likely to be traded heavily with a positive bias in times to come.

ABFRL: The stock jumped about 3.80% during the day. The volumes increased as the session progressed and was found to be greater than the 10-day average volumes. Buying interest prevailed in the latter stage of the session when the stock shot up about 2%. The positivity is expected to continue for some more days.


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