These stocks see huge volume burst in the last leg of the trading session!
Last Updated: 25th November 2021 - 04:27 pm
Aster DM Healthcare, Fine Organics, and Future Retail 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.
Aster DM: The stock rose 4.38% on Thursday. The stock traded flat throughout the day except for the last 75 minutes where it gained 4%. About 70% of total daily volume was recorded during this period. The stock is volatile since few days as it continues to make long candles. The last hour of buying by the institutions indicate that stock might be in focus for coming days.
Fine Organics: The stock close at the record high at 3772.05, up 3.89%. This stock witnessed huge buying in the last hour as it gained 4.73% during this period. Most part of the daily volume was recorded in this phase. The stock is trading strong in medium term and shows no sign of stopping. More institutional participation can be expected in coming days, and one must keep a watch on this stock.
Future Retail: The stock of Future Retail is up by 3.37% on Thursday’s trading session. The stock is consolidating since few days and the clarity of a clear trend is lacking. However, huge buying towards the end might turn the things for the stock as the stock gained almost 4% in the last 75 minutes. Increasing volumes will help the stock to gain momentum. About 62% of today’s volume was recorded in the last 75 minutes.
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