Top stocks giving multi-year breakouts

A multiyear high breakout occurs when a stock surpasses a price level that it has been unable to breach for several years. This signals a major shift in market sentiment and often suggests the emergence of a new, long-term trend.

Top 5 multi-year (more than 15 years) high-breakout stocks

Ind-Swift Laboratories Ltd

Ind-Swift Laboratories’ stock is currently trading at ₹144.10 with the uptrend shown on the chart marked by trendline. The stock is approaching its 14-year high and is likely to break out from the ₹158.17 mark level as the volume increases. Over the last 14 years stock price has reached a low of 15 and gained 860.66% from the same till now.

After crossing the mark of a 14-year high the next multi-year high target for the stock will be ₹241.59 which is a 19-year high of the stock price. The 52-week high of the stock is ₹147.20 and it has given 71.29% returns in the last year.

ISMT Ltd

ISMT Ltd is currently trading at ₹152.25 with an uptrend supported by a bunch of volumes. The stock has successfully given a breakout of 17-year high level at ₹140.46. Earlier the stock had broken out through the 14-year high level marked on the chart named support and resistance line. In the last 17 years, the stock reached a low of ₹1.85 and gained 8129.72% till now. The stock is trading near an all-time high and it has given returns of 101.47% in one year.

NLC India Ltd

NLC India Ltd is currently trading at ₹303.10 with a 16-year high breakout. The stock has witnessed higher volumes for the last 3 years and the stock has been in an uptrend for the last 1 year. In February 2024, the stock price attempted to break the 16-year high level but eventually failed to do so.

Now the stock is trading above all its importance resistances and trading only 2.89% lower from its new all-time high. The stock has made a low of ₹34.95 in the last 16 years and gained 767.78% till now. The stock has surged 155.86% in one year.

India Cements Ltd

The stock of India Cement Ltd is trading at ₹319.20 and is on the verge of a 16-year high multi-year breakout. Stock is in an uptrend since the low made in the COVID pandemic crisis. The volume bars are showing spikes as the stock is breaching its multi-year high.

The stock price had the lowest price of ₹43.05 in the last 16 years from which it has gained 640.19% till now. The stock has a 52-week low of ₹172.55 and it has given returns of 48.63% in one year.

Wanbury Ltd

Wanbury Ltd is currently trading at ₹198 and has given a breakout of 16-year high level at ₹178. The stock has shown a uptrend in the last year with rising volumes as shown in the chart above. The stock price has made the lowest trade at ₹10.75 and gained 1,723.35% till now.

The stock has shown a consolidation before this fresh multiyear high breakout may be a good positive sign of the sustained stock price at a higher level. The has performed so strongly that it has given returns of 303.45% in a year.

These above stocks showed strong recoveries after a decade and reached their respective multi-year highs. Investors should keep a watch on these stocks and there stock specific development along with the price movements.