MTAR Technologies and three other stocks hit 5-year swing high breakout
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Swing Highs
In the NSE list of stocks with a market cap over Rs 10,000 crore, four stocks witnessed a 5-year swing high at the close on April 30, suggesting bullishness in these 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 move beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock. However, it is 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.
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 move beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock. However, it is 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.
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MTAR Technologies
Last 5-year high: Rs 5,749 | LTP: Rs 6,457.1
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MTAR Technologies
Last 5-year high: Rs 5,749 | LTP: Rs 6,457.1
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Cupid
Last 5-year high: Rs 116 | LTP: Rs 119.58
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Schneider Electric Infrastructure
Last 5-year high: Rs 1,210 | LTP: Rs 1,243.7
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Hitachi Energy India
Last 5-year high: Rs 33,285 | LTP: Rs 33,550