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

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

by 5paisa Research Team Last Updated: Feb 09, 2022 - 04:36 pm 37.6k Views
Listen icon

Escorts, PGHH, and FACT 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.    

Escorts: The stock surged nearly 1% and closed near day’s high. In the last hour, the stock witnessed huge buying interest and recorded huge volume during the process. Moreover, the daily volume is over 10-day and the 30-day average volume. With such a huge volume, the stock is expected to be traded heavily in times to come.

PGHH: The stock soared about 2.16% on Tuesday. Most of its gains came in the last hour when the stock surged about 1.5%. About 65% of the total day’s volume was recorded during this period. The stock recovered smartly from its low and closed at day’s high. The ongoing bullishness is likely to continue for some more time and volumes are expected to rise further.

FACT: The stock traded negative for most of the time. However, it witnessed buying interest towards the end of the session. During the last hour, the stock gained about 3% and recorded huge volumes. Nearly 60% of the total day’s volume was recorded in the last hour. The stock formed a bullish pin bar candle and long wick at the bottom. With buying emerging towards the end, the stock is likely to remain positive for the coming few days.

 

Also read: Closing Bell: Indian indices end higher in a choppy trading session

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
What you must know about M.V.K. Agro Food IPO?

M.V.K. Agro Food Product IPO was incorporated in the year 2018 to manufacture integrated sugar and other related products. M.V.K.

Juniper Hotels IPO Subscribed 2.08 times

The stock of Juniper Hotels IPO has a face value of ₹10 per share and the price band for the book building IPO has been set in the range of ₹342 to ₹360 per share. The IPO of Juniper Hotels Ltd will entirely a fresh issue of shares with no offer for sale (OFS) component.

Esconet Technologies IPO Lists 245.24% higher, but closes at -5% lower circuit

Bumper listing for Esconet Technologies IPO, then lower circuit