Afotimber Oct 03, 2023, 08:54:07 AM IST
In the Nifty500 pack, we have collated a list of four stocks that witnessed a 5-year swing high at the close on September 29, 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.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.
Last 5-Year High: Rs 104.95 | LTP: Rs 106.3
Last 5-Year High: Rs 286 | LTP: Rs 287.4
Last 5-Year High: Rs 294.15 | LTP: Rs 295.2
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Housing & Urban Development Corporation Last 5-Year High: Rs 91.75 | LTP: Rs 91.8