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

Bharat Dynamics Limited, Bharat Electronics Limited, and Chambal Fertilizers 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.   

Bharat Dynamics Limited: The stock surged about 6.26 % today and closed at day’s high. The stock traded flat to positive for most of the time but then shot up nearly 5% in the last hour of the trade. Along with this, the stock recorded huge volume, which was neatly 80 % of the day’s volume. Meanwhile, the technical indicators suggest the bullishness of the stock. Thus, the stock is expected to rise further, as indicated by price action and volume.  

Bharat Electronics Limited: The stock soared about 5% on Friday. As the stock remained strong for the entire day, market participants continued to trade actively in this stock. This was reflected in the volume as volume recorded is greater than 10-day and 30-Day average volume. Towards the end, the stock gained about 4% and closed at day’s high. With such active trading and strong bullishness, this stock is expected to claim its all-time high of Rs 228 soon.

Chambal Fertilizers: The stock rose firmly as the session progress and gained nearly 4%. Moreover, the stock surged about 2.5 % in the last hour with huge volume. About 50% of the daily volume was witnessed in the final hour. With the stock closing at a day’s high, the stock is expected to be trading positively in the coming days.