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

resr 5paisa Research Team 13th December 2022 - 11:14 pm
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Adani Green Energy, Hindustan Petroleum, Havells has 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.

Adani Green Energy: The stock of Adani Green gained over 4% on Tuesday. Interestingly, nearly 70% of the total traded volume of the day was witnessed in the last 75-minutes. Furthermore, the price too witnessed a sharp spike during the last trading hour, which indicates that there was a lot of interest seen in the stock. Hence, market participants can keep a close watch on this stock.

Hindustan Petroleum Corporation: The stock witnessed good action in the initial hour of the trading session, however, thereafter, it turned side-ways. But in the last 75-minutes, the stock witnessed price and volume burst. Interestingly, nearly 45% of the total traded volume of the day was witnessed in the last 75-minutes of the trading session, plus the icing on the cake was the stock ending at the day's high. Keep a watch on this stock.

Havells India: The stock of Havells rose by 3.10% on Tuesday. The bulk of the volume and price activity for the stock was seen in the last 75-minutes of the day. The stock witnessed more than 60% of the total traded volume of the day in the last hour. Interestingly, the price action was quite profound, which indicates that buyers were enthusiastically buying the stock. Keep this stock on your radar.

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