Anand Rathi Picks Top 3 Stocks for January 7, 2026 Breakout

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AuthorVihaan Mehta|Published at:
Anand Rathi Picks Top 3 Stocks for January 7, 2026 Breakout
Overview

Anand Rathi Shares and Stock Brokers has recommended Varun Beverages Ltd, Havells, and IREDA as top stock picks for January 7, 2026. The firm cited technical breakouts, improving momentum indicators, and reversal patterns as key drivers for these selections, providing specific buy, stop-loss, and target price levels for investors.

Anand Rathi Identifies Key Stock Picks for January 7, 2026

Anand Rathi Shares and Stock Brokers has identified Varun Beverages Ltd, Havells India Ltd, and Indian Renewable Energy Development Agency Ltd (IREDA) as its top stock recommendations for January 7, 2026. The brokerage firm pointed to significant technical chart patterns and momentum indicators suggesting potential upward movement for these companies.

Varun Beverages Ltd Outlook

Varun Beverages is flagged for a decisive trendline and triangle pattern breakout, indicating a resumption of its primary uptrend. The stock's Relative Strength Index (RSI) is near 55, showing improved strength without entering overbought territory. A MACD bullish crossover further supports a positive outlook, while closing above its quarterly Volume Weighted Average Price (VWAP) validates the breakout from an institutional perspective. Anand Rathi suggests a buy near ₹490–₹485, with a stop loss at ₹460 and a target of ₹550 within 30-60 days.

Havells India Technicals

Havells presents a clear price trendline breakout coupled with an RSI range breakout, signaling a strengthening technical structure. Momentum indicators are deemed supportive, with RSI trending higher and MACD confirming a bullish crossover. The stock has also surpassed its 10- and 20-day exponential moving averages (EMAs) and reclaimed the monthly VWAP. This suggests improved institutional participation and reinforces the emerging uptrend. The recommended buy range is ₹1455–₹1430, with a stop loss at ₹1375 and a target of ₹1560 over the next 30-60 days.

IREDA Reversal Pattern

Indian Renewable Energy Development Agency is showing signs of a trend reversal, emerging from a well-defined double bottom formation. This setup is bolstered by bullish divergence, indicating rising momentum. IREDA has closed above its 10-day EMA and prior swing high, strengthening the bullish case. An RSI trendline breakout and MACD bullish crossover further enhance the probability of continued upward movement. Anand Rathi advises buying near ₹145–₹142, with a stop loss at ₹135 and a target price of ₹162 within a 30-60 day timeframe.

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