2 days Ago
On a high In the Nifty500 pack, we have collated a list of three stocks that witnessed a 5-year swing high at the close on January 1, suggesting bullishness in counters, according to stockedge.com's technical scan data. What is a 5-year swing high? 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.
Blue Star Last 5-Year High: Rs 2199.55 | LTP: Rs 2259.8 Muthoot Finance Last 5-Year High: Rs 2161.
75 | LTP: Rs 2215.05 Coromandel International Last 5-Year High: Rs 1890.75 | LTP: Rs 1928.
75.
