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: 2022-03-04T14:40:58+05:30

Amber Enterprises, Bharat Earth Movers Limited, and Engineers 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 jumped 4.25% today and closed nearly at the day’s high. It traded flat for most of the time but witnessed a huge buying interest towards the end. The stock surged over 3% in the last 75 minutes of the trade and gathered heavy volume. Moreover, the day’s volume was found to be more than 10-day and the 30-day average volume. Thus, the stock is expected to be trading higher in the near term.

Bharat Earth Movers Limited: The stock gained about 1.49% on Thursday. It traded positive more most of the part but witnessed heavy trading towards the end. The stock made huge moves at both ends in the last hour. About 60% of the total volume was recorded during this period. With such active trading, this stock is expected to be traded heavily in times to come.

Engineers India: The stock remained negative for most of the day. However, strong buying was seen at lower levels and the stock gained over 3% in the last hour. With this, the stock recorded about 70% of the total day’s volume. Such heavy volume can be attributed to the institutional activity in the stock. Thus, the stock is expected to move higher in the upcoming days.

 

Also read: Penny Stock Update: These shares gained up to 20 % on Thursday


Start Investing in 5 mins*

Get Benefits worth 2100* | Rs. 20 Flat Per Order | 0% Brokerage

About the Author

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


Open Free Demat Account

& get benefits worth 2100*

 
Resend OTP
Please Enter OTP
  • Have Promo code?
  • Use code ACT2100
Enter Promo code

By proceeding, you agree to the T&C.

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number