At multi-year highs: These 6 stocks witness 5-year swing high breakout

In the Nifty200 pack, we have collated a list of six stocks that witnessed a 5-year swing high at the close on April 17, 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.

Last 5-Year High: Rs 1826.5 | LTP: Rs 1889.1

Last 5-Year High: Rs 1373 | LTP: Rs 1406.7

Last 5-Year High: Rs 1883.8 | LTP: Rs 1906.7

Last 5-Year High: Rs 5630 | LTP: Rs 5678.5

Last 5-Year High: Rs 5347 | LTP: Rs 5366