At multi-year highs: SML Isuzu, Muthoot Finance, and 2 other stocks witness 5-year swing high breakouts

In the NSE list of stocks with a market cap above Rs 1,000 crore, four stocks hit a 5-year swing high at the close on August 14, signaling bullish momentum, according to stockedge.com's technical scan data.

A 5-year swing high represents the highest price a stock has touched within the past five years. It often acts as a key resistance level where prices have historically faced selling pressure. Crossing this level can be seen as a bullish indicator of further upside potential. However, it differs from a 5-year breakout, which occurs when a stock surpasses a major resistance level sustained over five years or more.

Last 5-Year High: Rs 4,241.10 | LTP: Rs 4,323.40

Last 5-Year High: Rs 303.50 | LTP: Rs 309.10

Last 5-Year High: Rs 2,718.00 | LTP: Rs 2,757.40

Last 5-Year High: Rs 1,370.00 | LTP: Rs 1,378.50