At multi-year highs: These 7 stocks witness 5-year swing high breakout

On a high In the Nifty500 pack, we have collated a list of seven stocks that witnessed a 5-year swing high at the close on January 2, suggesting bullishness in 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 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. Eicher Motors Last 5-Year High: Rs 5105 | LTP: Rs 5308.1 Muthoot Finance Last 5-Year High: Rs 2220.

25 | LTP: Rs 2256.9 Ipca Laboratories Last 5-Year High: Rs 1718 | LTP: Rs 1744.05 United Spirits Last 5-Year High: Rs 1665.

35 | LTP: Rs 1688.55 Coromandel International Last 5-Year High: Rs 1934.9 | LTP: Rs 1956.

05 Lupin Last 5-Year High: Rs 2373.9 | LTP: Rs 2396.1 Firstsource Solutions Last 5-Year High: Rs 391.

5 | LTP: Rs 394.5.