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

In the Nifty500, we have collated a list of five stocks that witnessed a 5-year swing high at the close on December 2, 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 surpass. 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 15,987.95 | LTP: Rs 16,763.90

Last 5-Year High: Rs 2,200 | LTP: Rs 2,236.05

Last 5-Year High: Rs 1,715 | LTP: Rs 1,736.20

Last 5-Year High: Rs 3,526 | LTP: Rs 3,542.05

Last 5-Year High: Rs 945.25 | LTP: Rs 947.80