Trade Spotlight: How should you trade Axis Bank, BPCL, Hero MotoCorp, Navin Fluorine, Prime Focus, and others on February 4?

Top Buy Ideas for February 4

• Experts recommend buying top 8 stocks on February 4 including Axis Bank, BPCL, Hero MotoCorp, Navin Fluorine, Prime Focus

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The benchmark indices soared over 2.5 percent on February 3 following the announcement of the India–US trade deal. Market breadth was strong after several sessions, with 2,494 shares rising against 447 declining on the NSE. The market may consolidate after this stellar run, but bulls remain in control. Below are some short-term trading ideas to consider:

Amol Athawale, VP Technical Research at Kotak Securities

Coforge | CMP: Rs 1,712.1

On the daily scale, post correction from higher levels, Coforge was trading in a range-bound mode. However, it has delivered a range breakout along with decent volumes. Therefore, a close above the resistance line indicates that bullish momentum may continue in the coming sessions.

For positional traders, Rs 1,650 would be the decisive level. Trading above this level, the uptrend formation is likely to continue till Rs 1,830. However, if the stock closes below Rs 1,650, traders may prefer to exit long positions.

Strategy: Buy

Target: Rs 1,830

Stop-Loss: Rs 1,650

Axis Bank | CMP: Rs 1,356.2

On the weekly charts, Axis Bank is in a rising channel chart formation with a higher-high, higher-low pattern. The stock witnessed a steady recovery from its trendline support levels. Additionally, the RSI is indicating further upside from current levels, which could boost bullish momentum in the near future.

For the next few trading sessions, Rs 1,310 could be the trend-decider level for bulls. If the stock sustains above this level, further upside towards Rs 1,450 can be expected.

Strategy: Buy

Target: Rs 1,450

Stop-Loss: Rs 1,310

Apollo Hospitals Enterprise | CMP: Rs 7,088.5

Post its declining trend, Apollo Hospitals reversed from its important support zone. The stock has formed a rounding bottom chart pattern on the daily scale and is in a steady up move. Technical indicators such as the RSI are also indicating further upside from current levels, which could boost bullish momentum in the coming sessions.

As long as the stock trades above Rs 6,840, the bullish structure is likely to continue, above which the stock could move up to Rs 7,580.

Strategy: Buy

Target: Rs 7,580

Stop-Loss: Rs 6,840

Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors

BPCL | CMP: Rs 373.45

In the previous session, Bharat Petroleum Corporation gained nearly 2 percent and formed a bullish candle with a long lower wick, indicating buying interest from lower levels.

On the daily chart, the stock has decisively moved above the Ichimoku Cloud after spending several weeks consolidating within it since January 8. Additionally, prices rebounded from the 50 percent Fibonacci retracement of the rally that began in September 2025, strengthening the bullish outlook. A move towards the all-time high of Rs 388.15 is now expected. For now, a break above the Rs 375 level can push prices higher towards Rs 388, followed by Rs 405, with support placed at Rs 360.

Strategy: Buy

Target: Rs 388, Rs 405

Stop-Loss: Rs 360

Infobeans Technologies | CMP: Rs 911.4

On the daily chart, Infobeans Technologies has been trading in a broad consolidation range of Rs 729–939 since January 12, a phase considered to be an accumulation phase. In the previous week, the stock successfully retested its 65-period EMA near the Rs 750 zone and witnessed a strong rebound, with prices now hovering near the upper end of the range.

Meanwhile, the ADX is placed around 33, comfortably above the 25 mark, signalling a pickup in trend strength and momentum. For now, a break above Rs 940 can result in a fresh leg of rally, lifting prices towards Rs 975, followed by Rs 1,015 levels, while immediate support is placed around Rs 900.

Strategy: Buy

Target: Rs 975, Rs 1,015

Stop-Loss: Rs 900

Hero MotoCorp | CMP: Rs 5,763

In the previous session, Hero MotoCorp gained 2.5 percent. On the daily chart, the stock is approaching the upper boundary of its falling channel, indicating a potential trend shift. A decisive move above the Rs 5,850 level could validate a short-term bottom formation. Prices have also closed above the mid-line of the Bollinger Bands, suggesting that buying momentum may persist as long as the downside remains protected.

Along with this, the MACD has witnessed a bullish crossover below the zero line, acting as a double confirmation. For now, a break above Rs 5,850 can extend the rise further towards Rs 6,050, followed by Rs 6,200, as long as Rs 5,650—the mid-band level—remains protected on the downside.

Strategy: Buy

Target: Rs 5,850, Rs 6,050, Rs 6,200

Stop-Loss: Rs 5,650

Aditya Thukral, Founder & Analyst of AT Research & Risk Managers

Navin Fluorine International | CMP: Rs 6,280.5

Navin Fluorine broke out of a box pattern along with an all-time high breakout. The spike in volumes suggests continuation of the uptrend. The stock is now trading above all its major exponential moving averages—20-day, 50-day, 100-day, and 200-day—with all EMAs sloping upward. An established uptrend is visible across all timeframes.

Any minor dip towards the support level of Rs 6,220 would present a buying opportunity, as previous resistance levels have now turned into supports.

Strategy: Buy

Target: Rs 6,420

Stop-Loss: Rs 6,100

Prime Focus | CMP: Rs 257.45

A breakout from the flag/box pattern has been witnessed in Prime Focus along with volume expansion. The stock is consistently trading above all its major exponential moving averages—20-day, 50-day, 100-day, and 200-day—and an imminent uptrend is established with the formation of higher highs and higher lows across all timeframes.

An uptrend continuation is expected following the emergence of bullish continuation patterns. Buying closer to the breakout level of Rs 250 can be considered, with a stop-loss placed at Rs 242.

Strategy: Buy

Target: Rs 268

Stop-Loss: Rs 242