Eicher Motors among 5 stocks witnessing 5-year swing high breakouts

In the Nifty500 pack, five stocks hit a 5-year swing high at the close on November 20, indicating bullish momentum, according to technical scan data from stockedge.com.A 5-year swing high represents the highest price a stock has reached within a five-year period.This level often acts as a significant resistance zone where the price has historically struggled to break through. While this can be seen as a bullish signal—suggesting potential for further upside—it differs from a 5-year breakout, which occurs when the stock decisively surpasses a major resistance level held for five years or more. Technical Scan