Trade Spotlight: How should you trade Hero MotoCorp, Sarda Energy, Max Financial Services, Hindalco, Larsen & Toubro, and others on February 5?

Top 9 buy ideas from experts for February 5

• Experts recommend buying top 9 stocks on Feb 5 including Hero MotoCorp, Sarda Energy, Max Financial Services, Hindalco, Larsen & Toubro

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Equity benchmarks extended their uptrend for the third consecutive session, with the Nifty 50 rising 0.2 percent amid healthy market breadth on February 5. A total of 2,012 shares saw buying interest compared to 911 shares that were backed by bears. Consolidation with range-bound trading may continue over the next couple of sessions. Below are some short-term trading ideas to consider:

Nilesh Jain, VP- Equity Technical & Derivative Research at Centrum Broking

Hero MotoCorp | CMP: Rs 5,851.5

Hero MotoCorp has broken out of a falling channel on the daily chart and has also decisively moved above its 50-DMA at Rs 5,836. With this breakout, it is now trading well above both its short-term and long-term moving averages, indicating sustained strength.

From a derivatives perspective, the addition of fresh long positions, with open interest rising by around 6 percent, further reinforces the positive bias.

Considering the overall technical setup, a conservative upside target is placed near the Rs 6,300 level in the near term, while crucial support is seen at Rs 5,670.

Strategy: Buy

Target: Rs 6,300

Stop-Loss: Rs 5,670

Sarda Energy & Minerals | CMP: Rs 521.35

Sarda Energy has registered a fresh breakout from a descending triangle pattern on the daily chart. The sharp price up-move is accompanied by a notable surge in volumes, which validates the bullish breakout. Earlier, the stock had formed a double-bottom pattern near the Rs 455 level and witnessed a strong rebound from that base.

Momentum indicators are also aligned with the positive bias, as the RSI has moved above the 60 mark and the MACD has generated a bullish crossover, signalling improving upside momentum. Overall, the technical structure indicates that the stock is well positioned to move toward the Rs 555 level in the near term, while immediate support at the 200-DMA is placed near Rs 499.

Strategy: Buy

Target: Rs 555

Stop-Loss: Rs 499

CCL Products | CMP: Rs 1,002.85

CCL Products (India) has witnessed a strong breakout from an inverted head-and-shoulders pattern on the daily chart. The move is backed by higher-than-average volumes, lending credibility to the breakout and highlighting strong buying interest. Additionally, the stock is trading firmly above all its short-term moving averages, which reinforces the bullish momentum.

Based on the pattern projection, the potential upside target is placed around the Rs 1,075 level, while the neckline near Rs 961 is likely to act as an important support zone on any pullback.

Strategy: Buy

Target: Rs 1,075

Stop-Loss: Rs 961

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

Steel Authority of India | CMP: Rs 157.29

SAIL has staged a strong rebound from its 50-day EMA, reinforcing the prevailing uptrend. On the daily chart, the stock continues to form a higher top–higher bottom structure, signalling sustained bullishness. The RSI has bounced from 53 to 62, reflecting improving momentum. The DI+ crossover above DI- on the ADX indicator highlights strengthening trend support.

With prices holding near the upper Bollinger Band, the stock appears well positioned to extend its upward move in the near term. Hence, we recommend accumulating the stock in the zone of Rs 158–156 with a stop-loss at Rs 152. On the upside, it is likely to test the Rs 168 level in the short term.

Strategy: Buy

Target: Rs 168

Stop-Loss: Rs 152

Max Financial Services | CMP: Rs 1,708.2

Max Financial Services has rebounded sharply from its key upward-sloping trendline support, drawn by connecting the lows of Rs 1,451 and Rs 1,502 formed on August 4 and October 27, 2025, respectively. The stock now trades above its key short- and long-term moving averages. The RSI has surged from 31 to 60 in just seven sessions, signalling strong bullish momentum.

The DI+ crossover above DI- on the ADX indicates bulls gaining control, while the MACD has crossed above its signal line, supporting further upside potential. Hence, we recommend accumulating the stock in the zone of Rs 1,715–1,705 with a stop-loss at Rs 1,660. On the upside, it is likely to test the Rs 1,830 level in the short term.

Strategy: Buy

Target: Rs 1,830

Stop-Loss: Rs 1,660

Larsen & Toubro | CMP: Rs 4,087.1

Larsen & Toubro has staged a strong rebound from its 200-day EMA on the daily chart, signalling a shift in trend. The RSI has recovered sharply from an oversold level of 24 to 61, indicating strengthening bullish momentum. Rising MACD histogram bars further support the positive bias. The Infra index has moved from the lagging to the improving quadrant on the Relative Rotation Graph (RRG), highlighting improving sector-wide momentum, with L&T leading the move.

Strong price action and sectoral momentum suggest the stock is well placed to extend its uptrend. Hence, we recommend accumulating the stock in the zone of Rs 4,090–4,050 with a stop-loss at Rs 3,920. On the upside, it is likely to test the Rs 4,400 level in the short term.

Strategy: Buy

Target: Rs 4,400

Stop-Loss: Rs 3,920

Rupak De, Senior Technical Analyst at LKP Securities

Hindalco Industries | CMP: Rs 965

Hindalco Industries has been sustaining above the 20 EMA after a brief corrective move. On the hourly chart, it has witnessed a consolidation breakout, indicating improving optimism. The hourly RSI is in a bullish crossover, pointing to positive momentum.

On the upside, the stock may move towards Rs 1,020. On the downside, immediate support is placed at Rs 939; a breach below this level could weaken the trend.

Strategy: Buy

Target: Rs 1,020

Stop-Loss: Rs 939

Mahindra and Mahindra Financial Services | CMP: Rs 370

Mahindra & Mahindra Financial Services has formed a piercing line pattern on the daily chart, indicating the possibility of a bullish reversal. It continues to sustain above the 50 EMA on the daily timeframe.

The RSI is in a bullish crossover and is trending higher, reflecting strengthening momentum. On the upside, the stock may move towards the Rs 385–400 zone. On the downside, support is placed at Rs 358; a break below this level could weaken the trend.

Strategy: Buy

Target: Rs 385, Rs 400

Stop-Loss: Rs 358

Caplin Point Laboratories | CMP: Rs 1,909.5

Caplin Point Laboratories has undergone a healthy consolidation on the daily chart, suggesting rising optimism. Additionally, it has been sustaining above the 20 EMA. The RSI is in a bullish crossover and continues to rise, indicating positive momentum.

On the upside, the stock may head towards the Rs 1,970–2,000 zone. On the downside, support is placed at Rs 1,875; a break below this level could weaken the trend.

Strategy: Buy

Target: Rs 1,970, Rs 2,000

Stop-Loss: Rs 1,875