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

Kalyan Jewellers, Poly Medicure, and Fortis Healthcare 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.

Kalyan Jewellers: The scrip traded higher throughout the day but gained sharp momentum towards the end. In the last 75 minutes, the stock jumped nearly 3% and recorded good volumes. Over 50% of the total day’s volume was accounted for during this period. The stock closed near the day’s high and is likely to see positive movement in upcoming trading sessions.

Poly Medicure: After many days of consolidation, the stock registered a breakout and rose nearly 4% on Monday. Most of these gains were recorded in the last hour when the stock shot up nearly 3%. The breakout is accompanied by a rise in volume, which indicated larger buying activity. The stock saw a strong positive day and is likely to attract traders in the upcoming days.

Fortis Healthcare: The stock closed higher by 3.44% on Friday. It traded with positivity till the end and volumes continued to build. It closed at day’s high which is a positive sign. Going forward, we can expect this stock to be in an uptrend with rising volumes.