These stocks see huge volume burst in the last leg of the trading session!
As the saying goes, the first and the last hour of each trading session is the most important and active in terms of price and 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 during the trading session. Hence, when a stock sees a good spike in volume in the last leg of trade along with price rise it is said to be the 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-medium term.
So, based on this principle we have shortlisted four stocks, which have witnessed volume burst in the last leg of trade along with price rise.
Abbott India: The stock of Abbott hit a fresh all-time high on Friday. The stock has witnessed a majority of the volume activity in the last 75-minutes of the trading session. What is interesting to note is that the price too witnessed a sharp spike in the last 75- minutes of trade, which indicates that there was a lot of interest seen in the stock in the last 75-minutes of trade. Hence, market participants can keep a close watch on this stock.
Amara Raja Batteries: The stock had gained 2.09% on the day when the frontline indices were under pressure. The stock witnessed volume burst in the last 75-minutes of trade along with price rise. The stock has witnessed nearly 50% volume of the day in the last 75-minutes of trade. Keep a watch on this stock.
Granules India: The stock has formed a Bullish Engulfing like candlestick pattern on Friday. Furthermore, the stock has witnessed a huge spurt in volume in the last 75-minutes of the trading session. Nearly 60% of the volumes were recorded in the last 75-minutes of the trade. Hence, keep a watch on this stock.
Nippon Life India Asset Management: The stock has advanced more than 3 per cent on Friday. The stock had witnessed price rise along with volume burst in the last 75-minutes of the trading session. Over 60% of the volume activity was seen in the last 75-minutes of the trading session. Watch out for this stock.
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Tanushree Jaiswal
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