These stocks witness a huge volume burst in the last leg of the trading session!
Strides Pharma, Rail Vikas Nigam Ltd, and Indiabulls Real Estate 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.
Strides Pharma: The stock skyrocketed over 8% today, with most of the gains registered towards the end. In the last 75 minutes, the stock jumped nearly 7% and recorded nearly 75% of the total day’s volume during this period. This likely indicates strong institutional activity and is expected to create strong attraction in times to come.
Rail Vikas Nigam Ltd: The scrip continued its strong uptrend today and soared nearly 7% during Monday’s trading session. Towards the end, the stock witnessed strong buying interest as evident by the huge spurt in volume. Moreover, the stock closed at the day’s high, and thus, it is expected to be traded heavily with a positive bias.
Indiabulls Real Estate: The stock ascended 6.02% at the end of the day. It recorded strong trading activity in the latter half of the session, and volumes continued to rise. The stock closed above an important resistance level with huge volume, which might indicate a confirmation breakout. With such high volumes, the stock is expected to trade positively in the coming days.
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