These stocks witness a huge volume burst in the last leg of the trading session!
IRB Infrastructure Developers, De Nora India and Apcotex Industries 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.
IRB Infrastructure Developers: IRB soared 4.70% on Tuesday. Interestingly, most of these gains came in the last 75 minutes, when the stock shot up nearly 2%. Moreover, about 65% of the day’s volume was recorded during this period. Also, the stock closed above its short-term resistance level, which is a bullish sign. With strong volume, it is expected that stock shall be traded heavily with positive bias in times to come.
De Nora India: The scrip rose 5.32% during Tuesday’s trading session. It traded flat for most of the day but witnessed strong buying activity towards the end. The stock jumped nearly 6% and recorded one of the highest volumes in recent times. It trades above all its key moving averages and possesses strong momentum. We expect it to continue its positive momentum in the coming days.
Apcotex Industries: The stock of APCOTEX surged 3.28% today, with strong action seen in the latter half of the session. It witnessed heavy buying and jumped over 2% in the last 75 minutes. The strong buying was evident from the above-average volume recorded today. The stock has closed above its short-term moving averages and at day’s high. Thus, it is likely to be on traders’ radar for times to come.
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