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

NMDC, Solara Active Pharma Science Ltd., and Moil have witnessed 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.

NMDC: The stock climbed by 3.25% on Thursday. It experienced selling pressure right from the start and lost all of its gains towards the near end. However, strong buying was seen in the last 75 minutes, when the stock rose about 4.50% and closed at day’s high. Moreover, the volume recorded during this period is about 50% of the total day’s volume. Thus, the stock is likely to be in watchlist of many traders.   

Solara Active Pharma Science Ltd: The stock closed higher by 7.50% on Thursday’s trading session. It traded positively throughout the day and gained strong momentum towards the end. It rose about 3.5% in the last hour and the daily volume is found to be above average, indicating active buying interest in the stock. With this, we expect the stock to be trading higher with above average volumes.

MOIL: The stock soared over 4% on Thursday. It traded with positivity but was volatile for most part of the day. In the last 75 minutes, the stock gained sharp momentum as it swung 2% on the upside. The volume is greater than 10-day and 30-day average volumes. The stock has attracted buying interest and is likely to be under traders’ radar for some more time.