These stocks witness a huge volume burst in the last leg of the trading session!
Gland Pharma, KRBL, and Rajesh Exports Limited 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.
Gland Pharma: The stock picked up pace towards the end as it rose nearly 1% in the last one hour despite a sharp fall in the market. It gained 1.58% on Tuesday backed by good volumes. Most of the day’s volume was recorded towards the end. The stock closed nearly a day’s high and such positivity is likely to attract traders in the next trading session.
KRBL: The scrip continued to trade higher as the day progressed. On Tuesday, it jumped 4.58% backed by above-average volume. About 50% of the total day’s volume was recorded in the last 75 minutes when the stock rose nearly 2%. The stock is trading near its 52-week high levels, and such positivity is likely to see upbeat momentum in times to come.
Rajesh Exports: The shares traded flat amid volatility throughout the day, but strong buying activity in the last hour sent the stock soaring. It jumped over 3% during this period and recorded massive volumes. The day’s volume was found to be greater than the 30-day average volume. The stock closed above its prior swing high and displays a positive momentum. With such strong impetus, the stock is likely to be on traders radar in the upcoming days.
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