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: Jun 10, 2022, 04:29 PM IST

Varun Beverages Limited, Emami Ltd, and Power India 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.

Varun Beverages Limited: The stock gained about 1.96% on Friday. On the technical chart, the stock has formed a bullish engulfing candle. It traded flat for most part of the day but gained strong momentum towards the end. In the last 75 minutes, the stock surged about 2% and recorded heavy volumes.  With such positivity, it is expected that stock shall be traded heavily with a positive bias in times to come.

Emami Limited: The stock rose about 2.85%. It opened sharply lower but saw a good buying interest at lower levels. It continued its upward journey and during the last hour, the stock gained about 1.50%. Rising volumes were recorded for fourth successive day which indicates active participation by the market participation in this stock. Thus, the stock is expected to under trader’s radar for coming days.

Hitachi Energy India (POWERINDIA): The stock of POWERINDIA closed higher by 2.5% today. In the last 75 minutes of the trade, it gained over 2% and recorded heavy volumes. About 50% of the total day’s volume was recorded during this period. Moreover, the day’s volume was found to be greater than 10-day, and 30-day average volume, justifying strong buying interest. With such strong trading activity, the stock is expected to continue its bullish momentum for some more time.

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52,727.98
462.26 (0.88%)
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142.60 (0.92%)
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