These stocks witness a huge volume burst in the last leg of the trading session!
Godfrey Phillips India, EIHOTEL, and Narayana Hrudayalaya 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.
Godfrey Phillips India: The scrip traded amid volatility but jumped sharply towards the end. It surged over 2% in the last 75 minutes backed by good volume. On the daily chart, the volumes grew for the third straight day, which shows rising buying interest. Overall, the stock’s trend is upward and is likely to see positive movement in upcoming trading sessions.
EIHOTEL: The stock is back at its all-time high level after jumping 2% on Friday. Most of this gain came in the last hour when the stock soared over 1% amid strong buying interest. Despite weakness in the broader market, the stock saw a strong positive day and is likely to attract traders in the upcoming days.
Narayana Hrudayalya: The stock closed higher by 0.91% on Friday. It traded with positivity till the end and volumes continued to build. It closed at day’s high which is a positive sign. Going forwards, we can expect this stock to be in an uptrend with rising volumes.
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