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

ITI, JK Lakshmi Cement, and Shree Renuka Sugars 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.  

ITI: The stock surged 8.48% at the end of the day. It traded positively throughout the session and volumes continued to rise. Meanwhile, volume recorded today has been the highest in many days. Most of the day’s volume was recorded in the last 75 minutes.  With such positive bias, the stock is expected to be traded heavily with a positive bias.

JK Lakshmi Cement: The stock is in a strong uptrend, having surged 6% during Tuesday’s trading session. Moreover, the volume was found to be greater than 10-day and 30-day average volume. Interestingly, the stock closed above its prior swing high, and above all its key moving averages. It is likely to be trading positive in the coming days.

Shree Renuka Sugars: After a strong downtrend in the past few days, the stock finally witnessed strong buying interest at lower levels. It jumped 8% on today backed by huge volume. The volumes rose for third consecutive day, which indicates rising buying interest. Also, over 50% of today’s volume was recorded in the final hour when the stock surged nearly 3%. Such strong buying is expected attract traders in times to come.