These stocks witness a huge volume burst in the last leg of the trading session!

These stocks see huge volume burst in the last leg of the trading session!

by 5paisa Research Team Last Updated: Mar 02, 2023 - 04:47 pm 1k Views
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Westlife Development Ltd, Anupam Rasayan India Ltd and Amber Enterprises 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.    

Westlife Development Ltd: The stock rallied 4.69% on Thursday. Surprisingly, total move was in the last 2 hours with massive volumes and retraced last 8 days fall. Volume stood above average and greater than 30-day average volume. The stock has bounced from 200DMA support and may extend this up move for next few sessions.

Anupam Rasayan India Ltd:  The Stock surged 4.46% as a continuation move of last few days and tested the previous swing high to touch its 200DMA. Interestingly, around 2.3 lakh shares was traded in the afternoon session which was more than 70% of the total daily volume. The stock is about to end its long term correction which makes it bottom fishing candidate.

Amber Enterprises: The stock rallied about 3.6% during the day. Strong buying emerged in  the latter half of the session where more than 60% volume was recorded with an move of 2.2%. Fresh breakout has been registered as it engulfed previous month candle & closed above the high of last month. It has strong support range of previous multiple lows and may gain strong momentum in upcoming sessions. Traders should add this stock to the watchlist.

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