These stocks witness huge volume burst in the last leg of the trading session!
Aarti Industries, Bank of India, and Chalet Hotels 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.
Aarti Industries: The stock showed an amazing recovery from the day’s low and surged about 2.5% in the last hour of the trade. It ended in red for most of the part but saw a strong buying interest in the end. Though the stock closed nearly 1% lower, the stock ended at day’s high as it recovered most of the losses. With strong buying emerging in the end, the stock is likely to be trading higher in coming days.
Bank of India: The stock soared over 5% on Thursday. It traded firmly in green throughout the day and volumes increased hugely towards the end. Moreover, the stock formed a strong bullish candle. With the stock closing at day’s high, the stock is expected to be traded heavily with a positive bias.
Chalet Hotels: The stock surged about 4.85% on Thursday. It traded flat to positive throughout the day and gained about 2% in the last 75 minutes of the session. Also, about 50% of the total day’s volume was registered during this period. It has recorded above average lately and we can expect the stock to be traded heavily in coming days.
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