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

In the NSE list of stocks with a market cap of over Rs 1000 crore, we have collated a list of five stocks that witnessed a 5-year swing high at the close on January 17, suggesting bullishness in counters, according to stockedge.com's technical scan data.

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.

Last 5-Year High: Rs 497.95 | LTP: Rs 519.6

Last 5-Year High: Rs 1366.75 | LTP: Rs 1390.6

Last 5-Year High: Rs 179 | LTP: Rs 180.45

Last 5-Year High: Rs 1880 | LTP: Rs 1891

Last 5-Year High: Rs 2098.7 | LTP: Rs 2099.4