These stocks witness huge volume burst in the last leg of the trading session!
Affle India, SPARC, and Sundram Fasteners 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.
Affle India: The stock soared about 1.70% at the end of the day. Throughout the day, the stock was trading flat to negative, however, it witnessed strong buying at lower levels towards the end, It surged nearly a per cent in the final hour, and recorded above-average volume during the process. Nearly 50% of the total day’s volume was recorded towards the ending stage of the trade. Thus, the stock is likely to be traded heavily with positive bias in times to come.
SPARC: The stock skyrocketed over 7% on Monday’s trading session. The stock remained strong throughout the day and gained nearly 2% in the last 75 minutes of the trade. Along with strong price action, the stock recorded above-average volume which s greater than 10-day, 30-day and 50-day average volume. The stock is activity traded with positive sentiment, and it is expected to continue to momentum upwards in upcoming days.
Sundram Fasteners: The stock traded flat amid volatility for the most part of the day. However, it witnessed a strong upward rally as it gained 2.5% towards the end. In the last 75 minutes, the stock recorded about 75% of the total day’s volume, which justifies strong trading activity. With buying emerging towards the end, the stock is expected to continue to scale higher highs in times to come.
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