These stocks see huge volume burst in the last leg of the trading session!
BASF, Delta Corp and Network18 Media & Investments 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.
BASF: The stock of BASF gained over 6% on Thursday. Interestingly, over 70% of the total traded volume of the day was witnessed in the last 75-minutes. Furthermore, the price too witnessed a sharp spike during the last trading hour, which indicates that there was a lot of interest seen in the stock. Hence, market participants can keep a close watch on this stock. In addition to this, icing on the cake is that the stock closed near days high.
Delta Corp: After opening at Rs 285.60, the stock went on to touch level of Rs 286.10 in the initial part of the trading session. However, profit-booking emerged, which took stock to lower levels of Rs 278.25, and formed a base around these levels. But in the last 75-minutes, there was volume and price eruption. Nearly 65% of the total traded volume of the day was witnessed in the last 75-minutes and the bulk of the gains too were seen in the same period.
Network18 Media & Investments: The stock logged double-digit gains on Thursday. The bulk of the volume and price activity for the stock was seen in the last 75-minutes of the day. The stock witnessed more than 70% of the total traded volume of the day in the last one hour of the trade. Interestingly, the price action was robust, which indicates that buyers were actively buying the stock. Keep this stock on your radar.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7624.00 | -130.5 (-1.68%) |
| CAC 40 | 7926.09 | -108.1 (-1.35%) |
| DAX | 17761.52 | -228.1 (-1.27%) |
| Dow Jones | 37843.78 | 108.67 (0.29%) |
| FTSE 100 | 7801.74 | -163.79 (-2.06%) |
| Hang Seng | 16248.97 | -351.49 (-2.12%) |
| US Tech Composite | 15890.37 | 0.35 (0%) |
| Nikkei 225 | 38471.20 | -761.6 (-1.94%) |
| S&P 500 | 5055.71 | -6.11 (-0.12%) |
| Gift Nifty | 22187.00 | -63 (-0.28%) |
| Shanghai Composite | 3007.64 | -49.74 (-1.63%) |
| Taiwan Weighted | 19901.96 | -547.81 (-2.68%) |
| US 30 | 37850.20 | 108.2 (0.29%) |
Start Investing in 5 mins*
Rs. 20 Flat Per Order | 0% Brokerage
