Metal stocks have witnessed robust gains in recent fortnight, with the Metal index outperformed the benchmark indices by rising 13 per cent as against a a near about 5 per cent rally on the BSE Sensex and the Nifty 50.
Among individual shares, Vedanta rose the most - surging as much as 24 per cent followed by Tata Steel (14 per cent). Others like JSW Steel and Steel Authority of India (SAIL) gained in the range of 7 to 10 per cent.
Will this bullishness continue or should investors look for exits? To understand this, lets consider technical outlook of