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

JK Cements Ltd, IRCTC Ltd and Tata Power Co Ltd witnessed a volume burst in the last 75 minutes of the trade. 

As the saying goes, the first, as well as the last hour of each trading session, is the most important and active in terms of price & 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 the trade along with price rise, it is considered a 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 to medium-term.

So, based on this principle, we have shortlisted three stocks that have witnessed volume burst in the last leg of the trade along with price rise.      

JK Cements Ltd: The stock rallied 3.19% today from its support zone of 5 and 26 DMA with notable volumes in last 75 minutes. It traded above average of 30 days volume in which more than 2 lakh shares were traded. Stock engulfed consolidation of last 9 trading session in 4 trading days only and closed above the last swing high. This swing breakout makes it attractive for the upcoming days.       

IRCTC Ltd:  Stock surged more than 3.43%, it traded positive and closed around the day’s high. Nearly 4 million shares traded today and more than 50% of the total daily volume was recorded in last 75 minutes. Interestingly, stock registered a technical breakout of continuation pattern along with trend reversal pattern as it closed above the breakout line makes it an ideal candidate for trading. Given such positivity, the stock is expected to be on traders’ radar for times to come.

Tata Power Co Ltd: The stock soared about 2.26% during the day. Strong buying emerged in the afternoon session and more than 12 million shares traded today in which more than 7 million volume of the day was recorded in the last 75 minutes of the day. Today’s trading action registered a breakout of trend reversal price pattern. Follow up buying may witness in next few sessions; thus, it is likely to be in focus for the next few days. Investors looking for opportunity in power sector can add this stock to watchlist.