These stocks witness a huge volume burst in the last leg of the trading session!
Kaveri Seeds Company Limited, Vadilal Industries, and Westlife Foodworld 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.
Kaveri Seeds Company Limited: The stock resumed its upward journey after a long counter-trend consolidation pattern. It rose nearly 4% on Tuesday and recorded a massive volume, which is greater than the 50-day average volume. Strong buying interest was seen towards the latter stages of the trading session. We can expect some positive action in the stock in the upcoming days given its bigger volumes.
Vadilal Industries: The scrip surged 4.53% and trades at its lifetime high levels. The volume has been above average and thrice the previous day’s volume. The stock formed a strong bullish bar, with most of its gains coming in the last 75 minutes of the trade. Such strong trading activity is expected to attract traders in times to come.
Westlife Foodworld: The stock witnessed strong buying interest after a steep downfall and jumped 4.57% on Tuesday. The volume has been higher and greater than the 10-day average volume. Interestingly, nearly 50% of the total day’s volume was recorded in the last hour, which indicates strong trading activity in the latter stages. With the stock showing sign of improvement, we can expect stronger buying activity in times to come.
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