The Nifty metal index has been in a wide 1000 point consolidation range since May '21 after a massive 4000+ point rally since covid lows, with few attempts to breakout and breakdown. After a small deviation below the daily uptrend, last 2 days have shown bullish price action in this sector. BUT it is imperative to cross the previous swing high at 6020 for continuation. Most major metal stocks have reclaimed important levels and now trading above their respective monthly pivots. The biggest contributor, #ADANIENT is the only one without momentum, but after the correction it has held on to the daily uptrend since 3 days, indicating consolidation. Momentum in Adani can tell us more. Global cues do not look good for the market but this sector is one to keep an eye on IF we get stable market conditions.