These stocks witness huge volume burst in the last leg of the trading session!
Timken, Bharat Electronics Limited, and Varun Beverages 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.
Timken: The stock skyrocketed massively by 17% today. It traded positively for the entire day and volumes continued to build. In the last 75 minutes of the trade, the stock witnessed strong volumes and it surged over 7%. With this, it has hit a fresh all-time high. With such strong price action, the stock is expected to be traded heavily in times to come.
Bharat Electronics Limited: The stock gained about 4.83% on Wednesday. It traded positive more most of the part but witnessed heavy trading towards the end. In the last hour, the stock gained about 2.50% and closed the day at high. On the daily timeframe, the stock recorded volume greater than 10-day and 30-day average volume. Thus, this stock is likely to remain positive for upcoming days.
Varun Beverages Limited: The stock surged higher by 5% at the end of the day. Strong buying was seen towards the end and the stock recorded about 50% of the total day’s volume. Such heavy volume can be attributed to the institutional activity in the stock. The stock closed at day’s high and likely to move higher in the upcoming days.
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