⚡4 Top stocks to buy in jan 2021
➽In this post we will discuss about 4 top stocks to buy in jan 2021
- Stock: Newland Lab
- Time Frame: Daily
- Description: The security has provided nearly 7000% return in a span of 17 years and has peaked out in April’2017.
- Additionally, Covid has provided its bit as well.
- Currently, with the All-Time High volumes of more than 25 Million cumulative shares being traded since June’2020.
- The price is consolidating for two months.
- The plan of action right now can be, letting the price to have structure from consolidation to a downtrend in order to make a Flag & Pole Pattern.
- One can ponder on having investment in the stock above the recent high of 1330
- And a target of 1500 and having a stop loss to crucial Moving Average or whatever suits your Risk: Reward status.
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Stock: Cheviot Company Ltd. (stocks to buy in jan 2021)
- Time Frame: Daily
- Description: The security has been squeezing after hefty selling in March.
- Currently, it’s on the verge of breaking either side (Having a good probability of upside) whilst having reasonable support of 100 Day Simple Moving Average.
- A breakout above the structure with good volumes perhaps would provide a buying opportunity with followed by the good money management system.
- Risk averse can wait for the break of 725 levels and price acceptance in a new area for the company.
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Stock: Sudarshan Chemical
- Time Frame: Daily
- Description: The security with 31250% return from All Time Low till All-Time High has come given a good opportunity.
- For trend trading investors to have the stock in their portfolio.
- Currently, the stock has been forming Ascending Pattern for 8 months and is quite near to its breakout after getting squeezed to its edge.
- The stock has indeed given fake breakouts a couple of times with indeed blasting volumes.
- A prudent player can wait for a Monthly closing candle to averse from any type of risk.
- The stock is falling near 100 Day Moving Average, which makes it a better candidate in terms of Risk- Reward structure for swing/long term players.
- The stock can be though of buying with a target of 600 and stop-loss at below the structure in order to be safe from any outbreak in the market environment
- Stock: Avanti Feeds
- Time Frame: Daily
- Description:Description: The security price structure has made an Ascending Channel Pattern
- The price has been squeezing since the month of July 2020 and has reached the verge of a breakout, preferable upside, resuming the overall trade.
- And pushing the stock valuation
- higher by bouncing from 61.8% magical Fibonacci level.
- A decent breakout from 560 with a daily closing and higher volumes could be a sign of moving to another the pre covid highs of 700+ .
- A weekly closing price above 560 would be a fairly decent closing to attract new potential buyers in order to help the stock to rally significantly.
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👉This analysis is shared by one of our subscriber Named chartomania curator (Abhinav) .. thanks for doing this ..
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