At multi-year highs: These 7 stocks witness 5-year swing high breakout

Ritesh Presswala, ETMarkets.com

Jul 4, 2024

On a High

In the Nifty200 pack, we have collated a list of seven stocks that witnessed a 5-year swing high at the close on July 3, 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.

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The Federal Bank

Last 5-Year High: Rs 179.73 | LTP: Rs 181.46

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Persistent Systems

Last 5-Year High: Rs 4554 | LTP: Rs 4593.4

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Dixon Technologies

Last 5-Year High: Rs 12543.3 | LTP: Rs 12648.85

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HDFC Bank

Last 5-Year High: Rs 1757.5 | LTP: Rs 1768.65

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Sun TV Network

Last 5-Year High: Rs 792.6 | LTP: Rs 795.6

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ICICI Lombard General Insurance Company

Last 5-Year High: Rs 1848 | LTP: Rs 1853.25

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Oracle Financial Services Software

Last 5-Year High: Rs 10420 | LTP: Rs 10431.25

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