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

5paisa Research Team 17th August 2022 - 04:17 pm

JK Tyres, Havells India, and Bank of Baroda have witnessed 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.

JK Tyres: JK Tyres was strong throughout the day as it soared to higher levels. It jumped 5% on Wednesday with most of it coming towards the end. The volume was above average and greater than 10-day and 30-day average volume. About 50% of the day’s volume was recorded in the last 2 hours. Such strong buying is likely to continue in upcoming trading sessions.

Havells India: The stock broke out from its consolidation pattern and is trading at prior pivot. Interestingly, the volumes rose for third consecutive day and were above average. It climbed 3.62% at the end of the day backed by good volumes. Such positivity is expected for some more time.

Bank of Baroda: The stock surged 4.15% on Wednesday’s trading session. It is in a steady uptrend and has witnessed good volumes lately. In the last 75 minutes, the stock had jumped over 2% and recorded above average volume. It is currently at 52-week high and is expected to trade higher in times to come.

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5paisa Research Team

Disclaimer: 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.

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