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

Eicher Motors, GSPL, and IRB Infra 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.    

Eicher Motors: The stock showed an amazing recovery from the day’s low and surged 1.34% during the day. It was quite actively traded towards the end as nearly 50% of the day’s volume was recorded in the last 90 minutes. Moreover, rising volume has been recorded for third straight day which indicates larger participation in the stock.  The stock has formed a big green candle on the chart. The stock is expected to be traded actively with positive bias in coming days. 

GSPL: The stock soared nearly 2% on Tuesday. It traded in negative for most of the day, but huge buying interest was seen in the end at it shot up nearly 5% in the last 75 minutes. Along with this, the stock recorded huge volume in the final hours. With buying emerging towards the end, the stock will likely be in strong uptrend for the next few days.

IRB Infra: The stock surged about 4.86% on Tuesday.  The stock formed a bullish engulfing pattern on the chart. Initially, the stock opened lower but gained momentum on the upside as the session progressed. Volumes, too, increased as the day progressed. The stock was actively traded on Tuesday with such bullishness, it is expected that the stock shall continue the momentum on the higher side.