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 10,000 crore, five stocks witnessed a 5-year swing high at the close on June 23, 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 509.95 | LTP: Rs 525.8

Last 5-Year High: Rs 410 | LTP: Rs 420.9

Last 5-Year High: Rs 8,107.5 | LTP: Rs 8,292

Last 5-Year High: Rs 1,957 | LTP: Rs 1,985.3

Last 5-Year High: Rs 263 | LTP: Rs 264.62