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https://m.economictimes.com/markets/stocks/news/at-multi-year-highs-these-3-stocks-witness-5-year-swing-high-breakout/slideshow/114847613.cms
https://m.economictimes.com/markets/stocks/news/at-multi-year-highs-these-3-stocks-witness-5-year-swing-high-breakout/slideshow/114847613.cms
M.ECONOMICTIMES.COM
At multi-year highs: These 3 stocks witness 5-year swing high breakout - Multi-year Highs
In the Nifty500 pack, we have collated a list of three stocks that witnessed a 5-year swing high at the close on October 31, suggesting bullishness in counters, according to stockedge.com's technical scan data.A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock. However, it's worth noting that this is different from a 5-year breakout, which occurs when a stock's price surpasses a key resistance level that has held for five years or longer. Multi-year Highs
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