Banking and metal stocks are back in focus, and market experts believe there’s still room for upside—provided investors enter at the right levels and stick to disciplined strategies. Here’s a clear breakdown of what’s being recommended on Axis Bank, ICICI Bank and Hindalco.
Axis Bank
Axis Bank has been showing steady strength in recent sessions, moving in line with other private sector lenders. At around Rs 1236, the stock is seen as a viable entry point for short-term trades.
Experts suggest that those looking to enter can consider buying at current levels, with a stop-loss placed near Rs 1160—a zone where the stock has earlier found support. If momentum sustains, Axis Bank could gradually head towards the Rs 1300 to Rs 1400 range.
ICICI Bank
ICICI Bank is also holding firm, trading close to Rs 1270. The stock has respected its earlier support zone around Rs 1200, which strengthens the bullish view.
The recommended strategy here is to buy with a stop-loss at Rs 1240. On the upside, Rs 1300 is seen as the first hurdle. A decisive move above that could open the door for a rally towards Rs 1360.
Private banks
The broader private banking pack, including Axis Bank, ICICI Bank and HDFC Bank—is showing improving price action. Experts believe this could be an early sign of recovery in the space, making it attractive for short-term positioning.
Hindalco
Metal stocks have witnessed a sharp uptick, and Hindalco has been one of the key beneficiaries. The broader metal index has also seen a strong move, indicating sector-wide strength.
Hindalco, currently around Rs 868, is still seen as a hold for investors who entered at lower levels. The stock has a strong support base near Rs 840. As long as that holds, the trend remains intact.
On the upside, the stock could first move towards Rs 900, and if momentum continues, levels up to Rs 980 are possible over time.
What should investors do?
The overall tone from experts is cautiously optimistic.
- Axis Bank and ICICI Bank are being seen as ‘buy’ candidates with defined stop-loss levels.
- Hindalco is a ‘hold’, with the expectation that the ongoing metal rally could support further gains.
