These stocks witness a huge volume burst in the last leg of the trading session!
Century Plyboards, MMTC, and Radico Khaitan 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.
Century Plyboards: The stock rose higher by over 8% despite a bearish market. It traded on a subdued note for the major part of the trading session, however, in the last 75-minutes of trade, the volume shot up and the stock recorded bulk of its gains at this moment. Nearly 70% of the volume was recorded in the last 75-minutes of the trade. With such positivity and strong trading activity, it is expected to be trading higher in times to come.
MMTC: The stock gained over 4% today and volume recorded was the highest since April 27, 2022. Volume and price activity in the last 75-minutes of trade was noteworthy. The stock recorded over 50% of its total volume in this period. The stock possesses immediate resistance around levels of Rs 42 and sustaining above this level would open up good opportunity on the long side.
Radico Khaitan: The stock jumped higher by a whopping 9%. It recorded volumes greater than its 30 and 50-days average volume. Moreover, over 50% of volume was recorded in the last 75-minutes of the trade. Price activity was robust in the last 75- minutes of the trade. The stock showed strong trading activity and hence, it should be on your radar.
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