These stocks see huge volume burst in the last leg of the trading session!
Last Updated: 18th November 2021 - 05:08 pm
Bluestar Company, Bombay Stock Exchange and Dhani Services 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.
Bluestar Company: The stock gained a healthy 3.67% on Thursday. The stock traded positive throughout the day, but the last 75 minutes witnessed a volatile move as it shot up 3.6% before retracting a little. Above average volumes were recorded towards the end of the trading session as the stock made volatile moves. It now trades near an all-time high and has a higher probability of breaking out. The stock can be on the trading radar for days to come.
Bombay Stock Exchange: The stock closed at a record high and up 2.78% on the trading session that ended Thursday. It traded weakly during the initial hours but saw momentum in the latter half of the session. The volume witnessed in the last 75 minutes was almost half the day’s volume. It would be interesting to see how the stock performs at its all-time high level.
Dhani Services: Dhani rose nearly 5% on Thursday with good volumes. It is trading weak for many months as it looks to build momentum. The stock experienced a stupendous move of 7% in the last 75 minutes suggesting institutional activity taking place. 60% of the total daily volume was recorded during this period. It will be worth seeing how the stock performs in the next trading session.
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