These stocks witness a huge volume burst in the last leg of the trading session!
One 97 Communications (Paytm), MRF, and KEI 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.
One 97 Communications (Paytm): The stock rose higher by 5.28% despite a bearish market. It traded positively throughout the day and volumes continued to build. Towards the last hour, the stock gained about 2.5% and about 50% of the total day’s volume was recorded. With such positivity and strong trading activity, it is expected to be trading higher in times to come.
MRF: The stock soared higher by 6.55% on Friday. It received amazing buying interest at the start of the session and recorded above average volumes. The volume was found to be greater than 10-day, 30-day and 50-dayavergae volume. With this, it tested it prior swing high before receding a little. Thus, the stock possesses strong bullishness and is expected to be heavily traded with a positive bias.
KEI: The stock closed higher by whooping 9.11%. On the technical chart, it has formed a strong bullish candle and recorded huge volume. Towards the end, the stock was quite volatile as it swung at both ends. The stock showed strong trading activity and is likely to be under trader’s radar for some more days.
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