At multi-year highs: These 5 stocks witness 5-year swing high breakouts

Trend Tracker In the NSE list of stocks with a market cap of over Rs 10,000 crore, we have compiled a list of five stocks that witnessed a 5-year swing high at the close on November 29, suggesting bullishness in these counters, according to StockEdge.com's technical scan data. Take a look.

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 exceed. 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. Black Box Last 5-Year High: Rs 618.20 | LTP: Rs 628.

95 Ganesh Housing Corporation Last 5-Year High: Rs 1,253 | LTP: Rs 1,267.25 Wockhardt Last 5-Year High: Rs 1,390 | LTP: Rs 1,404.25 PG Electroplast Last 5-Year High: Rs 719 | LTP: Rs 723 Caplin Point Laboratories Last 5-Year High: Rs 2,195 | LTP: Rs 2,196.

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