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: 2022-10-31T19:52:11+05:30

Max Healthcare, EID Parry, and Rajesh Exports 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.  

Max Healthcare: The stock closed above its prior swing high with above-average volume, and jumped 6% on Monday with a strong buying interest. Throughout the day, it traded higher, and volumes continued to rise. With such positivity, we expect the stock to be traded heavily in times to come.

EID Parry: The scrip soared 4.89% during Monday’s trading session. Interestingly, it formed a bullish engulfing candle with the massive volume on the daily chart. The volumes jumped for the third consecutive day, thus showing a rising participation level. Most of the volume was recorded in the last hour when the stock jumped 2%. Active trading emerging during this period and the stock is most likely to witness positive sentiment in times to come.

Rajesh Exports: The stock gained 4.69% today. It soared over 3% in the past 75 minutes backed by huge volume. About 75% of the total day’s volume was recorded during this period. With this, it closed near to its prior swing high. Also, the volume was found to be greater than the 10-day and 30-day average volume. Such huge buying can be attributed to institutional investing which means that the stock is likely to be traded with positivity.


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