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: 2022-12-08T20:29:31+05:30

Jindal Stainless Limited, Indian Bank, and Marathon Nextgen Realty 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.

Jindal Stainless Limited: The scrip soared over 10% despite weakness in the market. It traded flat for most of the time but strong buying activity in the last 75 minutes took stock to higher levels. During this period, the stock jumped almost 12% and a huge spurt in volumes was recorded. With such high-volume trading, we can expect some fireworks from this stock in times to come.

Indian Bank: The stock jumped nearly 3% on Tuesday. It received strong buying interest throughout the day and closed at a 52-week high. The volume was found to be greater than the 10-day and 30-day average volume. The stock is in strong momentum, and it is expected to be volatile with a positive bias for the upcoming days.

Marathon Nextgen Realty Limited: The shares closed higher by 3.56% on Tuesday. It traded with positivity till the end and volumes continued to build. It surged above its 10-DMA and attracted strong buying interest from traders. In the last 75 minutes, the stock surged nearly 2% and recorded good volumes. It formed a bullish bar and is likely to be heavily traded with a positive bias in the upcoming days.


Start Investing in 5 mins*

Get Benefits worth 2100* | Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/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.

Open Free Demat Account

& get benefits worth 2100*

Resend OTP
Please Enter OTP
  • Have Promo code?
  • Use code ACT2100
Enter Promo code
Account belongs to

By proceeding, you agree to the T&C.

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number