In the NSE list of stocks with a market capitalisation above Rs 1,000 crore, six counters witnessed a 5-year swing high at the close on December 30, signalling bullishness, according to technical scan data from StockEdge.
A 5-year swing high marks the highest price a stock has reached over five years and acts as a key resistance level. While such moves are considered bullish, they differ from a 5-year breakout, which requires a decisive move beyond long-standing resistance.