At multi-year highs: These 4 stocks witness 5-year swing high breakout

Ritesh Presswala, ETMarkets.com

Apr 12, 2024

On a high

In the Nifty200 pack, we have collated a list of four stocks that witnessed a 5-year swing high at the close on April 10, suggesting bullishness in 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 go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.

Interglobe Aviation

Last 5-Year High: Rs 3651 | LTP: Rs 3795.3

United Spirits

Last 5-Year High: Rs 1182.15 | LTP: Rs 1200.1

Petronet LNG

Last 5-Year High: Rs 299 | LTP: Rs 302.5

Eicher Motors

Last 5-Year High: Rs 4303.45 | LTP: Rs 4315.1

Thanks For Reading!

Next: Golden Crossovers: GM Breweries among 3 stocks signaling further bullishness