These stocks witness a huge volume burst in the last leg of the trading session!
Radico Khaitan, Jyothy Laboratories, and Hemisphere Properties have 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.
Radico Khaitan: The stock surged 7.06 % on Friday. It traded sideways for most of the day but witnessed strong buying toward the end of the session. In the last hour, the stock surged nearly 2% backed by massive volume. The daily volume turned out to be multifold as over 15 lakh shares were traded on Friday. The stock closed near its prior pivot and is expected to trade with positivity in times to come.
Jyothy Laboratories: The scrip registered a strong price volume breakout as it soared over 4% on Friday. The volumes were found to be greater than the 10-day, 30-day and 50-day average volume. The stock closed at the day’s high supported by a huge volume towards the end. With such positivity, it is likely to see strong trading activity in the coming days.
Hemisphere Properties: The stock broke out from its falling trendline with above-average volume. In the last 75 minutes, the stock gained nearly 4% and about 60% of the total volume was found during this period. The scrip closed above its short-term key moving averages and is expected to remain positive in near future.
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