These stocks witness huge volume burst in the last leg of the trading session!
Berger Paints, Eris Lifesciences, and LTTS 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.
Berger Paints: The stock surged about 1.68% and formed a strong bullish candle. It traded positively throughout the day and volume increased towards the end. Moreover, above-average volume was recorded which is more than 10-day and 30-day average volume, highlighting larger participation in the stock. With the stock trading heavily towards the end, it is expected to be volatile with a positive bias for upcoming days.
Eris Lifesciences: The stock closed with modest gains of 0.38%. However, it witnessed fantastic buying at lower levels which saw the stock rise about 1.5% in the last hour. The strong price action was accompanied by above-average volumes. Over 50% of the total daily volume was recorded during this period. 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.
LTTS: The stock closed in green amid volatility and was actively traded in the last hour as it recorded about 50% of the day’s volume during the period. Interestingly, the stock recovered huge buying interest at lower levels and thus is expected to trade positively in the coming days.
About the Author
Start Investing Now!
Open Free Demat Account in 5 mins