These stocks witness a huge volume burst in the last leg of the trading session!
Triveni Turbine, Spicejet and Thermax 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.
Triveni Turbine: The stock continued its bullish run and jumped over 5% on Friday. It has closed at its all-time high, baked by massive volume. The volumes have been above average lately, indicating strong buying interest in the stock. Moreover, most of the day’s volume was recorded in the last hour of the session. With such strong trading activity, it is expected to be on traders’ watchlist.
Spicejet: The scrip traded flat for part of the day but witnessed strong buying in the last 75 minutes. The stock rose over 6% and recorded huge volumes. About 75% of the total day’s volume was recorded during this period. The buying is most likely done by the institutions, which has propelled the stock higher. It is likely to trade with positive bias in times to come.
Thermax: The stock jumped 4.46% during the day. The volumes increased as the session progressed and was found to be greater than the 10-day average volumes. Buying interest prevailed in the latter stage of the session when the stock shot up over 2%. The positivity is expected to continue for some more days.
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