These stocks witness a huge volume burst in the last leg of the trading session!

These stocks see huge volume burst in the last leg of the trading session!

Indian Market
by 5paisa Research Team Last Updated: 2022-10-12T16:23:54+05:30

La Opala, ZFCV India, and Jindal Stainless 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 a 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.  

La Opala: The stock traded flat for the most part of the day but witnessed strong momentum towards the end. The stock closed 8.09% higher and all of this gains came in the last 75 minutes. Over 75% of the day’s volume was recorded during this period. With stronger volumes, it is expected to be volatile with a positive bias for upcoming days.

ZFCV India The stock climbed 4.82% on Wednesday. It formed higher highs on the technical chart and marked its fresh 52-week high level today. It traded positively throughout the day and volumes continued to rise. With above-average volume, we can expect it to be trading higher in times to come.

Jindal Stainless LimitedThe scrip soared about 4.40% during the day. For most part of the day, it traded flat but saw Strong buying interest at lower levels towards the end which propelled the stock above its 50-DMA. Above-average volume were recorded which was greater than 10-day and 30-day average volume. Strong volume coupled with positive price action shall put the stock in a sweet position for upcoming days.

     

 


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