These stocks witness a huge volume burst in the last leg of the trading session!
SKF India, General Insurance Corporation of India, and Aavas Financiers 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.
SKF India: The scrip soared 6% despite negative market sentiment. It recorded huge buying interest in the latter half of the session and soared nearly 3% in the last hour. The volumes turned out to be above average today and showed strong trading activity. The stock closed above its prior swing high which is deemed positive. It would be no surprise if the stock remains in a strong uptrend given huge spurt in its volumes.
General Insurance Corporation of India: The stock jumped 4.61% on Wednesday. It traded flat for most part of the day but witnessed strong buying interest towards the end. In the last hour, the stock jumped nearly 6% backed by massive volumes. About 75% of the total day’s volume was recorded during this period, which suggested strong institutional activity in the stock. With the stock trading heavily towards the end, it is expected to be volatile with a positive bias for upcoming days.
Aavas Financiers: The stock closed higher by 4.56% on Wednesday. It traded with positivity till the end and volumes continued to build. It surged above its 20-DMA and attracted strong buying interest from traders. After a strong correction, such strong buying at lower levels might indicate trend reversal. It closed nearly at day’s high and is likely to be heavily traded in upcoming days.
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DisclaimerInvestment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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