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: Jan 19, 2022, 06:31 PM IST

Amber Enterprises, Bank of Maharashtra, and Power India 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.

Amber Enterprises: The stock surged about 3.30% today and closed at day’s high. It is up for third consecutive day and has recorded rising volume during this period. The stock gained nearly 5% in the last 75 minutes of the trade. This strong price action was accompanied by huge volume which was about 60% of the total daily volume. With such buying interest emerging in the end, the stock is likely to be surging higher in coming days.

Bank of Maharashtra: The stock soared about 4.61% on Wednesday and closed above its prior swing high. It traded negative for most of the day but then witnessed a splendid rally of over 5% in the last hour of the session. Along with this, the stock closed near day’s high. About 75% of the total day’s volume was recorded during this period. After today’ huge volume, the stock is expected to be traded heavier in coming days.

Power India: The stock rose over 5% during Wednesday’s trading session. It traded negative in the first half of the session but gained momentum on the higher side towards the end. Above average volume was recorded which shows institutional/HNI activity in the stock. The stock is trading near its all-time high and with such buying interest, we can expect this stock to hit its fresh all-time high soon.

SENSEX
53,189.74
396.12 (0.75%)
Nifty 50
15,898.15
116.00 (0.74%)
Nifty Bank
33,645.85
524.50 (1.58%)
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SENSEX
53,189.74
396.12 (0.75%)
Nifty 50
15,898.15
116.00 (0.74%)
Nifty Bank
33,645.85
524.50 (1.58%)

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