• ICICI Bank vs Axis Bank vs HDFC Bank: Axis Bank and ICICI Bank, along with SBI, are major beneficiaries of the capex cycle in India
ICICI Bank vs Axis Bank vs HDFC Bank: After a whopping 21 per cent jump in the Nifty Bank index in 2022, stock market experts expect the rally in banking stocks to continue in 2023 as well. He added that PSU banks and some private banks are going to attract DII and FII to a great extent as most of the Indian banks are going to benefit from the ongoing capex cycle. He said that Axis Bank, ICICI Bank and HDFC Bank will be the target of most investors in the private sector. Hence, for a retail investor who has a limited amount to invest, it becomes a difficult matter which banking stock to buy at the present time.
On which stocks to buy among ICICI Bank, Axis Bank and HDFC Bank, Pravesh Gaur, Senior Technical Analyst, Swastik Investmart said, "We are bullish on all the three banks as the Indian banking sector outlook for 2023 is still promising." Axis Bank and ICICI Bank, along with SBI, are the major beneficiaries of the capex cycle in India. However, Axis Bank offers a better risk-reward opportunity in terms of valuations, as it trades at 2.5 times the book value of ICICI Bank and ICICI Bank. 7. HDFC Bank is trading at 3.4 and 3.64 times to its book value respectively.
Comparing Axis Bank shares with ICICI Bank shares, Mahesh Prakot, Research Analyst, Bonanza Portfolio said, “On the monthly chart pattern, both the bank stocks are continuously rising with formation of higher higher lows. Has given a breakout with important resistance level. Big bullish candlesticks and settled just above the upper Bollinger Band indicating that the bullish strength and trend may continue in the near future. However, ICICI Bank with bearish engulfing candlesticks has reversed from the upper Bollinger Band indicating profit booking in the coming session."
The Bonanza portfolio expert further said that there is a negative crossover in the ICICI Bank chart pattern and divergence has also been observed in its RSI indicator.
Axis Bank Share Price Target
Pravesh Gaur says Axis Bank has seen a breakout of multi-month consolidation, re-testing its breakout level of ₹890, and looks to rally towards the ₹1000+ zone with ₹870 as immediate support has started its new phase.
When asked about Axis Bank share price target, Chandan Taparia, Derivatives and Technical Analyst at Motilal Oswal said, "Axis Bank shares can move towards ₹1,050 levels in the near term and positional investors are advised to buy the stock on every dip." Advised. Above ₹930 per share."
ICICI Bank share price target
Pravesh Gaur of Swastika said, "After the breakout of the triangle formation pattern, it is entering a consolidation phase in the 850-950 range. On the downside, 840 will act as immediate support, while 1000+ is the psychological resistance level." Is." Investmart.
hdfc bank share price target
Talking on HDFC Bank share price outlook, Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher said, "HDFC Bank share price has been hovering between ₹1570 and ₹1650 zone for quite some time now and is currently with a hint. A gradual pickup from the bottom of the range has shown a correction in the bias and may anticipate further upside in days to come. RSI is also showing a trend reversal after a short slide and has indicated strength so far. Risk Reward Ratio favourable. And with the charts looking good, we recommend a positional buy in this stock for a target above ₹1850, keeping a stop loss of ₹1550
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