These stocks witness huge volume burst in the last leg of the trading session!
Emami, Gland Pharma, and Karur Vysya Bank 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.
Emami: The stock was trading positive for most of the time. However, it made big moves towards in the last hour of the trade. The last hour alone recorded about 75% of the total volume of the day. With the shares being exchanged rapidly, big movement is expected in near future. Traders can consider including this stock in their watchlist to track this stock in coming days.
Gland Pharma: The stock soared about 3.2% on Monday. It traded flat to negative for most of the time but witnessed huge buying interest in the last 75 minutes as it surged about 2.7% during this period. Moreover, the stock recorded double the previous day’s volume. With buying emerging towards the end, the stock is likely to be in trend for upcoming days.
Karur Vysya Bank: The stock traded positively throughout the day with huge volatility. It surged about 2.76% on Monday. However, the last hour of the trade was quite volatile, as the stock shredded about 3% in this period. Moreover, 80% of the total day’s volume was recorded during this hour. With such huge volume, the stock is expected to be traded heavily in times to come.
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