At multi-year highs: Cipla among 4 stocks that witnessed 5-year swing high breakout - News Summed Up

At multi-year highs: Cipla among 4 stocks that witnessed 5-year swing high breakout


On a highIn the Nifty200 pack, we have collated a list of four stocks that witnessed a 5-year swing high at the close on March 11, 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.


Source: Economic Times March 12, 2024 03:39 UTC



Loading...
Loading...
  

Loading...