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

resr 5paisa Research Team

Last Updated: 14th December 2022 - 06:37 pm

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Blue Dart Express Limited, Prince Pipes, and Vinati Organics 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.  

Blue Dart Express Limited: The stock gained about 3.59% on Tuesday. It traded flat for most of the day but gained sharp momentum towards the end. The momentum was so furious, that it soared over 7% during this period. The volume recorded was huge, indicating institutional participation. It has surged above its prior swing high, and we expect the stock to be traded heavily with a positive bias.

Prince Pipes: The scrip soared over 5.57% on Tuesday. It traded positively for most of the day but witnessed strong buying interest in the last hour. The stock gained nearly 1.50% in the last hour and recorded above-average volume. The daily volume was found to be greater than the 10-day, 30-day, and 50-day average volume. It closed at a day’s high and is expected to be trading strongly higher in times to come.

Vinati Organics: The stock gained about 3.76% at the end of the day. It was quite volatile as it made swings at both ends. However, it gained good momentum on the upside in the last hour, and it soared by about 3.50%. It recorded good volumes and closed at day’s high. Thus, the stock is likely to be on the trader’s radar in upcoming days.

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