These stocks witness huge volume burst in the last leg of the trading session!
Brigade Enterprises, Minda Corporation, and Polycab 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.
Brigade Enterprises: The stock surged about 2.54% and closed at day’s high. It turned volatile in the final hour where it recorded about half of today’s volume. Moreover, the stock recorded rise in volume for third consecutive day. With the stock trading heavily towards the end, it is expected to be volatile with a positive bias for upcoming days.
Minda Corporation: The stock jumped over 7%on Tuesday. It traded flat to positive for most part of the day but gained a strong momentum towards the end. The stock gained about 5.5% in the last 75 minutes of the trade and recorded huge volume during the process. It registered about six times the previous day’s volume, thus demonstrating larger trading activity in the stock. Tt is expected that the stock shall be on the trader’s radar for a few more days.
Polycab: The stock gained about 2.37% and closed nearly at day’s high. The stock received strong buying interest in the final hour and gained about 2.31%. Moreover, the stock recorded above average volume which was higher than 10-day and 30-day average volume and thus, the stock is likely to be in trend for next week.
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