These stocks witness huge volume burst in the last leg of the trading session!
Balrampur Chini Mills, Coromandel International, and Gujarat Alkalies and Chemicals 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.
Balrampur Chini Mills: The stock soared over 8.4% on Friday. It gained upside momentum right from the start and volumes continued to build. In the last 75 minutes of the trade, the stock shot up nearly 3% and recorded above-average volume. About 50% of the total volume was recorded during this period. With such volume, it is expected that stock shall be traded heavily in times to come.
Gujarat Alkalies and Chemical: The stock skyrocketed over 7.07% today. It was a steady run by the stock and closed near day’s high. The stock recorded above-average volume which is greater than 10-day and 30-day average volume. Towards the end, the stock registered about half of the day’s volume and gained about 3%. With such strong trading activity, the stock is expected to continue its bullish momentum for some more time.
Coromandel International: The stock closed higher by 1.59%. It was trading flat to positive for most of the time but gained points towards the end. The stock surged over 1% in the final hour and recorded huge volume during the process. The stock recorded twice the previous day’s volume, indicating larger trading activity. With this, the stock is expected to trade positively in the coming days.
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