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: Dec 13, 2022 - 12:47 pm 34.7k Views

Asian Paints, Colgate Palmolive, Cummins 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.   

Asian Paints: The stock jumped about 5.56% today and closed at the day’s high. It traded flat in the first half of the sessions and then gained a sharp upside momentum towards the end. The stock gained about 3% in the last hour of the trade and recorded heavy volume during the process. On the technical chart, the stock formed a bullish candle with lower shadow. With such positivity, the stock is expected to be trading higher in the near term.  

Colgate Palmolive: The stock opened with a gap-up and continued to trade higher. In the last 75 minutes the stock surged nearly a per cent and registered above average volume. With such positivity, the stock closed about 1.5% higher. Moreover, the stock has recorded rising volume for fourth consecutive day. With such active trading, this stock is expected to be traded heavily in times to come.

Cummins India: The stock surged over 5.81% on Wednesday. The stock continued to gain momentum as the day progressed and formed a strong bullish candle on the technical chart. It was traded actively in the last hour where it recorded about 50% of the today day’s volume. Moreover, today’s volume is about three-fold the previous day’s volume. This demonstrates strong trading activity in the stock. Thus, the stock is expected to move higher in the upcoming days.

Also read: F&O Cues: Key support & resistance levels for Nifty 50

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