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These stocks witness a huge volume burst in the last leg of the trading session!
Last Updated: 20th September 2022 - 05:05 pm
Birla Corporation, Tube Investments of India, and SW Solar have 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 a 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.
Birla Corporation: The stock jumped over 7% on Tuesday. It traded positively throughout the day and volume increased as the day progressed. In the last hour, the stock gained over 2% and closed nearly at the day’s high. Moreover, about 50% of its day’s volume was recorded in the last 75 minutes. With such positivity, the stock is expected to be volatile with a positive bias for the upcoming days.
Tube Investments of India: The scrip closed higher by 6.24%. It traded higher amid volatility but saw a sharp upmove in the last hour. The daily volume turned out to be above average. It formed a bullish candle on the technical chart and closed above all its key moving averages. Such positivity is likely to attract traders in the near future.
SW Solar: The stock soared 5.48% and closed near its day’s high. It traded higher throughout the day and volume continued to build progressively. It jumped above its 20-DMA and 50-DMA with good volumes. It can trade higher with heavier volumes in times to come.
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