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

CCL Products, Torrent Power, and Mazagon Dock have witnessed volume burst in the last 75 minutes of the trade. 

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. 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 three stocks, which have witnessed volume burst in the last leg of trade along with price rise.

CCL Products: The stock was up by almost 3% amid volatility. The stock made some volatile moves in both directions in the last hour of the session. During this period, the volume recorded was almost 70% of the day’s volume. The stock closed near its prior swing high. After today’s volume burst, we might see some more trading action in this stock in times to come. 

Torrent Power: The stock gained 2.84% today. It traded flat to negative the entire day but witnessed huge buying towards the end gaining about 3.10% in the last 75 minutes. This price action was accompanied by huge volume that was about 60% of the total day’s volume. With rising volumes, one can see the stock being traded heavily in the coming days.

Mazagon Dock: The stock rose 1.5% today to close at Rs 269.45. It was range-bound but experienced huge buying in the latter half of the session. It closed nearly at its day’s high. The stock recorded about 75% of the total daily volume in the last 90 minutes of the trade. This buying by the market participants hints towards the potential uptrend that is yet to come. One must keep a close watch on this stock.