At multi-year highs: These 4 stocks witnessed 5-year swing high breakouts

In the NSE list of stocks with a market capitalization of over Rs 1,000 crore, we have compiled a list of four stocks that witnessed a 5-year swing high at the close on December 24, 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.

Last 5-Year High: Rs 984 | LTP: Rs 1,015.45

Last 5-Year High: Rs 288.99 | LTP: Rs 294.76

Last 5-Year High: Rs 7,159 | LTP: Rs 7,249.9

Last 5-Year High: Rs 1,805.8 | LTP: Rs 1,816.3