These stocks witnessed a huge volume burst in the last leg of the trading session!

These stocks witnessed a huge volume burst in the last leg of the trading session!

by 5paisa Research Team Last Updated: Mar 14, 2023 - 05:21 pm 753 Views
Listen icon

Poly Medicure Ltd, EIH Ltd and Asahi India witnessed a 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.        

Poly Medicure Ltd: On Tuesday, this stock (NSE Scrip Code: POLYMED) rallied 4.79%. With this it engulfed last day's candle and closed above last 7 days high. Nearly 1.23 lakh shares were traded where more than 70% volume came in last 75 minutes. This volume is above the average of last 30 days. The stock is near to its technical breakout level of continuation pattern and is expected to remain positive in the upcoming days.        

EIH Ltd: The scrip (NSE Scrip Code: EIHOTEL) traded positively throughout the day and gained 7.57%. Total volume of the day was 8 lakh shares. Interestingly, 4.42 lakh shares traded, thus stock rallied around 2 per cent in the last 75 minutes. The stock closed above its 200DMA; next resistance will be falling downward trendline. Follow-up buying may surpass this resistance and it is expected to be on traders’ radar for times to come. 

Asahi India: The stock (NSE Scrip Code: ASAHIINDIA) soared about 2% during the day. Strong buying emerged from the morning session with an excellent volume. It formed a strong bullish Harami candlestick pattern on daily charts after it bounced from the previous swing low support in today’s session. Closing above all short term key moving averages indicates strong momentum, it is likely to be in focus for upcoming days.

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Flair Writing Products IPO Lists at 64.8% premium, ends at lower circuit

Strong listing for Flair Writing Products IPO, then hits lower circuit

Revving Up: Catch the Exciting November 2023 Auto Sales Highlights!

Escorts Kubota Ltd. witnessed a 4% increase in its total dispatches to dealerships, reaching 8,258 units, reflecting a 3.7% YoY growth. The rise in total dispatches to dealerships for Escorts Kubota Ltd.

Dixon Technologies to Manufacture Xiaomi Phones at Noida Plant

In a transformative move to enhance local smartphone manufacturing, Dixon Technologies (India) Ltd. has inaugurated a smartphone manufacturing plant in Noida.