These stocks witness huge volume burst in the last leg of the trading session!
DCM Shriram, BSE, and MGL 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.
DCM Shriram: The stock soared over 6.67% on Monday. It gained upside momentum right from the start and volumes continued to build. Towards the end, the stock gained nearly 2% and recorded nearly half of the day’s volume in the last 75 minutes. Moreover, the stock recorded twice the previous day’s volume, demonstrating larger trading activity. Thus, the stock is likely to perform well in upcoming days.
BSE: The stock skyrocketed about 12.6% today. It continued to show its bullish momentum and it has gained over 30% in the last three trading sessions. Towards the end, the buying intensified, and the stock recorded over 5% gain in last hour. With such strong volumes, the stock is likely to be traded heavily in upcoming days.
MGL: The stock soared by over 5.7% It was trading positive throughout the day and gained strong momentum in the latter half of the session. The volume continued to rise, and the stock recorded above average volume which is greater than 10-day and 30-day average volume. With strong price structure and volume, the stock is expected to trade positively in the coming days.
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