These stocks witness huge volume burst in the last leg of the trading session!
Dixon Technologies, Bluestar Company, and Astral Limited 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.
Dixon Technologies: The stock soared about 5.32% on Tuesday. It traded positivity throughout the day and gained strong momentum towards the end. In the last 75 minutes, the stock gained nearly 2% and recorded huge volume during the process. The volume was found to be greater than 10-day and 30-day average volume. With strong buying emerging in the end, the stock is likely to be trading higher in the coming days.
Bluestar Company: The stock soared over 3% today. It traded flat to positive and witnessed strong buying towards the end. It gained nearly 1.5% in the last hour and recorded about 50% of the total day’s volume during his period. Moreover, the day’s volume is nearly twice the yesterday’s volume, With the stock closing on a positive note, it is expected to be traded heavily with a positive bias.
Astral Limited: The stock formed a strong green candle on the daily timeframe. It gained about 3.30% at the end of the day and in the last 75 minutes, it soared higher by about 1%. Throughout the day, the stock traded higher and volumes continued to build. The stock closed at day’s high, and we can expect the stock to be traded heavily in the coming days.
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