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: 2022-07-11T16:48:06+05:30

City Union Bank, Deepak Nitrite, and Eicher Motors 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.

City Union Bank: The stock surged about 2.80% on Monday. It gained momentum towards the end, as the stock rose about 1.50% in the last 75 minutes. Moreover, the volume turned out to be above average, indicating heavy buying. Also, the volumes tend to be jncreasing over a past few days, and the stock has also picked up pace. Thus, we expect the stock to be trading higher in times to come.

Deepak Nitrite: The stock jumped nearly 4% today. For most of the time, the stock remained rangebound. However, institutional buying towards the end propelled the stock nearly 3%. Over 50% of the day's volume was registered during this period. With such positivity, the stock is likely to be in traders' watchlist.

Eicher Motors: The stock soared 4% on a volatile day. It traded positivity throughout the day and gained during momentum at the end. It soared above the prior day's high and attracted many buyers, as observed from the rise in volume. The volume was highest in many days, and was going to be greater than 10-day and 30-day average volume. The stock closed at a day’s high and we expect the stock to continue rallying in times to come with heavy volumes.


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SENSEX
56,598.28
-509.24 (-0.89%)
16,858.60
16,858.60
-148.80 (-0.87%)
37,759.85
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-599.30 (-1.56%)

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