These stocks witness a huge volume burst in the last leg of the trading session!
Emami Ltd, Rajesh Exports, and Ceat 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.
Emami Ltd: The stock surged 5.29% on Monday. It formed a bullish engulfing candle on the daily technical chart which is a positive sign. Most of the gains came in the last hour when the stock jumped nearly 5% and recorded massive volume. About 75% of the total day’s volume was registered during this period. With positivity emerging towards the end, the stock is likely to be treated with positive bias in the upcoming days.
Rajesh Exports: The scrip skyrocketed 4.10% in Monday’s trading session. In the last 75 minutes, the stock witnessed strong buying interest as it shot up over 2%. Moreover, the volumes rose for third consecutive day, which is a sign of active institutional buying. It has closed above its prior swing high, and is likely to be under traders’ radar for upcoming days.
Ceat.: The stock soared 1.85% on Monday. It traded flat for most part of the day and witnessed strong buying emerging towards the end. It jumped over 4% amid backed by huge volumes. Interestingly, the stock bounced sharply from its 20-DMA, and thus, this shall act as strong support for upcoming days. The stock is quite buzzing lately, and we can expect the stock to be in focus for upcoming days as well.
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