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: Dec 15, 2022 - 12:27 am 38.9k Views
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Castrol India, Nam-India, and NCC 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.

Castrol India: The stock surged nearly 5% and closed at day’s high. It closed above its 20-DMA and 50-DMA. It traded firmly in green throughout the day and recorded rising volumes as the day progressed. The stock is in strong uptrend since few days and has also recorded above average volume which is greater than 10 and 30-day average volume. As the stock is displaying extreme bullishness, it is expected to be trading higher with much greater market participation.

NAM-India: The stock soared about 3.65% on Friday. It witnessed huge buying interest at lower levels and has formed strong bullish candle on technical chart. The stock traded in positive territory throughout the day and observed rising volumes. Along with this, the stock closed near day’s high. After today’s huge volume, the stock is expected to be traded heavier in the coming days.

NCC: The stock rose about 4.63% during Friday’s trading session. It surged higher nearly entire day but witnessed slight correction towards the end. The stock made volatile moves in both directions and shares of this stock exchanged hands at a faster rate. In the last hour, the volume recorded was bout nearly 60% of the total daily volume. With huge volume recorded, the stock will be in radar of many traders.

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