Nifty Metal sector is showing medium term weakness as the overall momentum slows down as it has strong correlation with Global Metal prices. Base metals slid on Tuesday with copper and nickel hitting multi-week lows.
Metal Sector is showing similar breakout patterns if you just look from the short term perspective. Yes there is a clean breakout from the consolidation. But hey, lets look into the bigger picture. The bigger picture talks about how emotional a particular sector/stock is. To track emotions we can use gaps