These stocks witness a huge volume burst in the last leg of the trading session!
BASF India, Alembic Ltd and Control Print Ltd 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.
BASF India: The stock surged 5.59% on Monday. Interestingly, volume stood above average and greater than the 30-day average volume. Nearly 43,000 shares were traded today, which was among the highest in last 6 days. The stock engulfed in the last 10 days' move from the support of prior swing lows and is expected to remain positive in the upcoming days.
Alembic Ltd: The stock traded positively throughout the day and gained 4.98%. In the afternoon session it recorded good volumes. About 70% of the total daily volume was recorded during this period. The stock has bounced from recent lows which also trendline support of last few swing lows and makes it attractive. Given such positivity, it is expected to be on traders’ radar for times to come.
Control Print: The stock soared about 6.25% during the day. Strong buying emerged from the morning session where more than 50% volume recorded second half of the day. It formed a strong bullish bar and closed above previous double tops at lifetime high. This close above multiple top pattern’s breakout with above-average volumes makes it breakout candidate and thus it is likely to be in focus for upcoming days
Share Market Today
|Indices Name||Price||Price Change (% change)|
|S&P ASX 200||7073.20||-14.1 (-0.2%)|
|CAC 40||7344.67||41.22 (0.56%)|
|Dow Jones||36245.50||294.61 (0.82%)|
|FTSE 100||7537.28||72.65 (0.97%)|
|Hang Seng||16855.83||-168.79 (-0.99%)|
|US Tech 100||14298.26||118.3 (0.83%)|
|Nikkei 225||33431.51||-55.38 (-0.17%)|
|S&P 500||4594.63||26.83 (0.59%)|
|Gift Nifty||20490.00||160.5 (0.79%)|
|Shanghai Composite||3031.64||1.97 (0.07%)|
|Taiwan Weighted||17438.35||4.5 (0.03%)|
|US 30||36261.00||317.9 (0.88%)|
About the Author
DisclaimerInvestment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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