These stocks witness huge volume burst in the last leg of the trading session

These stocks witness huge volume burst in the last leg of the trading session!

by 5paisa Research Team Last Updated: Apr 26, 2022, 04:23 PM IST

Apollo Tyres, Cholamandalam Investment and Finance Company and Indiabulls Real Estate 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.

Apollo Tyres: The stock surged about 6.33% and formed a strong bullish candle. It traded positively throughout the day and volume increased towards the end. Moreover, above-average volume was recorded which is more than 10-day and 30-day average volume, highlighting larger participation in the stock. With the stock trading heavily towards the end, it is expected to be volatile with a positive bias for upcoming days.

Cholamandalam Investment and Finance Company:  The stock closed higher by 6.82% on Tuesday. It traded with positivity till the end and volumes continued to build. In the last hour, the stock gained nearly a per cent and recorded good volumes. On the daily timeframe, the volume was found to be greater than 10-day, 30-day and 50-day average volume. With the stock being actively traded today, it is expected that the stock shall be on the trader’s radar for a few more days.

Indiabulls Real Estate: The stock soared by 4.22%. It traded In green amid volatility. However, in the last 75minutes of the trade, the stock shot up over 3% to close near day’s high. About 50% of the day’s volume was recorded during the period. Interestingly, the stock received huge buying interest at lower levels and thus is expected to trade positively in the coming days.

SENSEX
52,973.84
180.22 (0.34%)
Nifty 50
15,842.30
60.15 (0.38%)
Nifty Bank
33,597.60
476.25 (1.44%)
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SENSEX
52,973.84
180.22 (0.34%)
Nifty 50
15,842.30
60.15 (0.38%)
Nifty Bank
33,597.60
476.25 (1.44%)

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