In the NSE list of stocks with a market cap above Rs 1,000 crore, six stocks hit a 5-year swing high at the close on November 14, indicating bullish momentum, according to technical scan data from StockEdge.A 5-year swing high represents the highest price a stock has reached within five years. This level often acts as a significant resistance zone where the price has historically struggled to move higher. Reaching this point can be viewed as a bullish signal, suggesting potential for further upside. However, this differs from a 5-year breakout, which occurs when a stock decisively surpasses a resistance level that has held for five years or more. Bullish Momentum
Muthoot Finance among 6 stocks witnessing 5-year swing high breakouts
The Economy Times Markets13 hrs ago
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