At multi-year highs: These 4 stocks witness 5-year swing high breakout
1/5
Headed Higher
In the Nifty500 pack, four stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on November 7, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
2/5
Transformers & Rectifiers (India)
Last 5-Year High: Rs 1058 | LTP: Rs 1087.25
3/5
Time Technoplast
Last 5-Year High: Rs 495.2 | LTP: Rs 501.25
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Last 5-Year High: Rs 426.95 | LTP: Rs 429.6
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Last 5-Year High: Rs 1929.4 | LTP: Rs 1930.35