These stocks witness a huge volume burst in the last leg of the trading session!
CSB Bank, Dr Lalpath Labs and Vguard Industries 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.
CSB Bank: The stock surged 2.60% on Wednesday. It traded throughout the day and witnessed strong buying towards the end. The volume rose multifold and is greater than the 30-day and 50-day average volume. It has formed an inside bar on the technical chart, which is likely to attract traders in the coming days.
Dr Lalpath Labs: The scrip closed higher by 2.34% on Wednesday. It traded positively throughout the day and volume built as the day progressed. About 50% of the day’s volume was recorded during this period. It has made a sharp V-sharped recovery from its prior swing low and is expected to trade higher in upcoming trading days.
Vguard industries: The stock zoomed in the last 75 minutes as it soared over 1.50% during this period. Moreover, a massive volume was recorded which signifies institutional buying. At the end of the day, the stock jumped 3.50% and closed at a prior pivot. Thus, it is expected to gain traders’ attraction in times to come.
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