These stocks witness a huge volume burst in the last leg of the trading session!
Equitas Holdings, KEI Industries, and Hariom Pipes 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.
Equitas Holdings: The stock soared 6.06% on Thursday, with most of these gains being recorded in the last 75 minutes. It traded flat to negative bias for most part of the day, but strong gush of investments towards the end took stock to newer highs. The stock jumped nearly 5% backed by massive volumes. Over 30 lakh shares were traded on Thursday, which is one of the highest in many days. With such strong volume, it is expected that stock shall be traded heavily with positive bias in times to come.
KEI Industries: The stock has jumped nearly 4% from its 20-DMA in Thursday’s trading session. In the last hour, the stock surged nearly 2% and above average volumes were recorded during this period. Volumes rose for third consecutive session, which indicates rising trading activity. The price pattern appears strong, and we expect it to continue its positive momentum in the coming days.
Hariom Pipes: The stock of Hariom Pipes surged 7.34% today. It continued to trade higher as the day progressed, and volumes were seen rising. The volume recorded today has been found to be greater than 10-day and 30-day average volume. After its recent downtrend, such buying indicates strong supports at lower levels. With favourable risk-reward ratio, it is likely to be on traders’ radar for times to come.
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