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

Home First Finance Company, EPL, and Cyient have 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.       

Home First Finance Company: After a strong downtrend, the stock has witnessed good buying interest at the lower level as it surged nearly 7% on Wednesday. Such strong price action was backed by huge volume. Towards the end, the stock jumped nearly 3% and above-average volumes were recorded.  The stock is expected to rise from here on, given such strong trading activity.  

EPL: The scrip has witnessed a strong price volume breakout after forming a base at lower levels. It jumped 5.08% during Wednesday’s trading session and recorded above-average volume, which stood greater than the 10-day and 30-day average volume. Volumes continued to rise as the session progressed, and it is likely to attract traders in the upcoming days.

Cyient: The stock closed higher by 5% on Wednesday. It traded with positivity till the end and volumes continued to build. It closed at day’s high which is a positive sign. About 50% of the total day’s volume was recorded in the last 75 minutes of the session. Going forward, we can expect this stock to be in an uptrend with rising volumes.