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!

by 5paisa Research Team Last Updated: 2022-05-09T16:54:23+05:30

Aegis Logistics Limited, BASF, and Cholamandalam Financial Holdings 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.

Aegis Logistics Limited: The stock surged about 2.76% and formed a strong bullish candle. It traded flat to negative for most of the day but gained bullish momentum towards the end. In the last 75 minutes, it surged by about 3.30% and recorded huge volumes. About 50% of the day’s volume was recorded during this period. With the stock being traded heavily towards the end, it is expected to be volatile with a positive bias for upcoming days.

BASF:  The stock soared by a massive 8.40% on Monday. Most of the gains came in the last hours, where it gained about 11%. The volume recorded today is above the 30-day and 50-day average volume. The stock has formed a strong bullish candle and closed at a day’s high. Such active trading shall keep this stock under the trader’s radar for some more days.

Cholamandalam Financial Holdings Limited: The stock soared about 4.50% during the day. It gained about 1.50% in the last hour and recorded above-average volume, which was greater than the 10-day and 30-day average volume, indicating strong trading activity. With such positivity, the stock is expected to be traded heavily in times to come.


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