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! These stocks witness huge volume burst in the last leg of the trading session!](https://storage.googleapis.com/5paisa-prod-storage/files/2022-02/These%20Stocks%20See%20Huge%20Volume%20Burst_11.jpg)
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Last Updated: 10th December 2022 - 06:01 pm
Coal India, Dixon Technologies, Mastek 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.
Coal India: The stock of Coal India skyrocketed over 8% today and emerged as the top gainer among Nifty stocks. Throughout the day, the stock traded higher and recorded increasing volumes. In the latter half of the session, the stock recorded over 60-65% of the total day’s volume. Moreover, it has recorded rising volume for the third consecutive day, indicating increasing participation. Thus, the stock is likely to trade heavily with a positive bias in times to come.
Dixon Technologies: The stock gained about 9.5% on Friday. After a huge gap-up, the stock continued its forward march and surged above its 20-DMA. Towards the end, the stock recorded over 50% of the day’s volume in the last 75 minutes. It recorded above-average volume, which was greater than 10-day and 30-day average volume. With such volume, it is expected that stock shall be traded heavily in times to come.
Mastek: The stock rose steadily and ascended 9.68% at the end of the day. It witnessed a rise in volume towards the end of the session. About 60% of the daily volume was recorded in the last hour which demonstrates heavy buying. With this, the stock is expected to trade positively in the coming days.
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