These stocks witness huge volume burst in the last leg of the trading session
Alok Industries, Divis Labs, and Hathway Cable 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.
Alok Industries: The stock skyrocketed by a massive 16.35% today and closed at a day’s high. Right from the start, the stock continued to gain momentum and traded positively throughout the day. Moreover, the volume build up as the day progressed. In the last hour of the session, the stock jumped about 14% and recorded about 75% of the total day’s volume. With such strong buying emerging in the end, we expect the stock to continue its momentum on the higher side with huge volume.
Divis Labs: The stock closed marginally higher. It traded negatively for most of the time but witnessed strong buying interest at lower levels. The stock gained nearly 2% in the last 75 minutes and recorded above-average volume. About 50% of the total day’s volume was recorded during this period. With such active trading, this stock is expected to be traded heavily in times to come.
Hathway Cable: The stock surged over 5.24% on Wednesday. It was traded actively in the last hour where it shot up nearly 3.66%. Moreover, it recorded above higher-than-average volume, indicating larger participation. Such heavy volume can be attributed to institutional activity. Thus, the stock is expected to move higher in the upcoming days.
Share Market Today
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About the Author
Bombay Stock Exchange (BSE) has announced the discontinuation of Stop Loss Market (SL-M) orders, effective from October 9. This decision follows a recent incident involving a "freak trade" triggered by an SL-M order, which led to concerns within the trading community. The aim is to prevent erroneous order placements, whether they result from manual or algorithmic trading.
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