These stocks witness a huge volume burst in the last leg of the trading session!
Bajaj Holding & Investments, Godrej Industries, and LTTS 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.
Bajaj Holding & Investments: The stock traded flat for most of the day but saw strong buying interest in the last hour of the session. It jumped 4.51% at the end of the day. The daily volume turned out to be above average and greater than the 50-day average volume. It is at its all-time high and is expected to remain positive as volumes are elevated.
Godrej Industries: The stock made a strong bounce as it soared over 4% in the last 75 minutes and recorded heavy volume. Over 60% of the day’s volume was recorded during this period. The stock managed to close above its prior swing high and is above its 20-DMA, 50-DMA, and 100-DMA levels. Such high volumes are likely to attract traders in times to come.
LTTS: This stock jumped 4.05% during Friday’s trading session. It continued to trade higher as the day progressed and volumes continued to build. In the last 75 minutes, a huge spurt in volume was seen and the stock soared nearly 2%. It formed a strong bullish candle on the technical chart and is likely to be under traders’ radar for next week.
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