These stocks witness huge volume burst in the last leg of the trading session!
Adani Ports, Bosch, and Birlasoft 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.
Adani Ports: The stock opened with a huge gap-down and traded in a range bound manner. However, the last hour of the trade saw a tremendous buying interest which propelled the stock higher by about 2.5%. Despite the stock is down by nearly 1%, the stock has seen good buying with heavier volumes at lower levels. The stock is at support, and we can see the stock to be traded with positive bias for coming few days.
Bosch: The stock gained upside momentum as the day progressed. In the last hour of the trade, the stock gained nearly a percent. This period also recorded about 50% of the total day’s volume. With heavy buying emerging towards the end, the stock is expected to do near in near future.
Birlasoft: The stock rose about 0.92% on Tuesday’s trading session. It was trading negative for most of the part but eh last 75 minute saw the stock to gain as much as 2.3%. With such a rise, the stock has recorded double the previous day’s volume. With rising volume and price surge the stock has attracted buyer’s interest. With huge volumes, the stock is expected to be the hot topic among traders for some more time.
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