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

Jubilant Foodworks, Dixon Technologies, and Trent have 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.

Jubilant Foodworks Ltd.: The stock surged about 9.70% on Monday. It traded flat for most time during the day but witnessed strong buying interest towards the end. In the last hour, the stock surged about 8% and closed nearly at the day’s high. With this price action, the stock recorded above-average volumes in the last hour. Moreover, volumes continued to build as the day progressed. Thus, the stock is likely to be traded heavily in times to come.

Dixon Technologies: The stock has soared over 11.19% on Monday and traded positive for the entire day. Towards the final hour, it surged nearly 6% with above-average volume. The day’s volume happened to be greater than the 10-day and 30-day average volume. Moreover, the stock closed above its 20-DMA and is expected to be traded heavily with a positive bias.

Trent: The stock gained about 4.72% at the end of the day. It gained steadily as the day progressed and was volatile towards the end. About 50% of the day’s volume was recorded in the last 75 minutes of the trade. Moreover, it closed above its short term resistance. Thus, with such good volumes, the stock is expected to climb higher in times to come.