These stocks witness a huge volume burst in the last leg of the trading session!13April2022
GMM Pfaudler, IDBI Bank, and IGL 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.
GMM Pfaudler: The stock surged about 2.14%. It traded flat to negative for most part of the day but witnessed strong buying towards the end of the session. It gained over 2% in the last 75 minutes of the trade and recorded huge volume during the process. About 50% of the total day’s volume was recorded during this period. With positivity emerging towards the end, the stock is likely to be treated with positive bias for upcoming days.
IDBI Bank: The stock surged over 3% on Wednesday. It traded flat initially but gained momentum as the day progresses. In the last hour, the stock gained about 4%. Such strong string action can be attributed to heavy institutional buying. Moreover, today’s volume was greater than 10-day and 30-day average volume, justifying strong trading activity. With the stock being actively traded today, it is expected that the stock shall be on the trader’s radar for a few more days.
Indraprastha Gas Limited: The stock soared about 3.30% at the end of the day. It traded positively throughout the day and received strong buying interest towards the end. In the last 75 minutes, the stock surged about 1% and recorded good volume. Moreover, about 60% of the day’s volume was recorded during this period. With such positivity, the stock is expected to be traded heavily in times to come.
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