Chart check: Here's how metal stocks have fared at the bourses

Tata Steel has witnessed "Death Cross" pattern on the weekly chart but RSI and MACD are trading with a positive crossover.

Thus far in the calendar year 2019 (CY19), most metal counters have performed poorly at the bourses. While the benchmark Nifty50 index has gained around 10 per cent, shares of metal companies such as Nalco, SAIL, Hindustan Zinc, Vedanta, and Tata Steel have tumbled up to 30 per cent during the period. Nifty Metal index has slipped over 17 per cent.

Here's a look at how Nifty Metal index and its key constituents look on technical charts:

NIFTY METAL: The index has formed “Double Bottom” pattern on the weekly chart with Relative Strength Index (RSI) and Moving Average Convergence Divergence