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: 2022-11-03T17:29:35+05:30

Medicamen Biotech, Gabriel India, and Eveready Industries 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.   

Medicamen Biotech: After its recent strong downtrend, the shares of MEDICAMEQ witnessed massive buying interest as it surged nearly 10% on Thursday. Interestingly, most of these gains were recorded in the last 75 minutes when the stock jumped over 6%. About 80% of the total day’s volume was recorded during this period. We can expect some positive action in the stock in the upcoming days given its bigger volumes.

Gabriel India: The scrip registered a strong price volume breakout from its consolidation pattern. It rose 3.76% backed by above-average volume, which was greater than the 10-day and 30-day average volume. Such strong institutional buying is expected to attract traders in times to come.

Eveready Industries: Massive price volume breakout was witnessed in the last hour when the stock skyrocketed over 10%. Nearly 5 lakh shares were traded in the last 75 minutes which constituted about 70% of the total day’s volume. Moreover, the stock formed one of the longest candle in recent history. With such extraordinary price action, one must keep a close watch on the stock for the near future.


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