These stocks witness a huge volume burst in the last leg of the trading session!
KEC International, Indiabulls Housing Finance, and BEML 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.
KEC International: The stock jumped over 6% support by massive volumes on Thursday. Most of the action was recorded in the last hour where strong volumes were concentrated. About 75% of the total day’s volume was recorded during this period. The stock closed nearly at its day’s high and is expected to remain positive in upcoming trading sessions.
Indiabulls Housing Finance: The scrip was in a steady uptrend and soared 5.80% at the end of the day. Above average volume was registered towards the end as strong buying interest prevailed in the stock. The daily volume was found to be greater than 30-day and 50-day average volume. We can expect strong trading activity in this stock in times to come.
BEML: The shares of BEML made a sharp V-shaped recovery from the technical chart as they surged nearly 6% on Thursday. The volume was recorded multifold and been the highest in many days. The stock closed at its day’s high and above its 20-DMA. The momentum is strong, and the stock is likely to be under the trader’s radar for upcoming trading sessions.
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