Bharti Airtel among 5 stocks that witnessed 5-year swing high breakout

In the NSE list of stocks with a market cap over Rs 1,000 crore, five stocks witnessed a 5-year swing high at the close on November 18, 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 239.99 | LTP: Rs 244.51

Last 5-Year High: Rs 622 | LTP: Rs 631.8

Last 5-Year High: Rs 2135.6 | LTP: Rs 2149.2

Last 5-Year High: Rs 187 | LTP: Rs 187.25

Last 5-Year High: Rs 534.2 | LTP: Rs 534.6