Stock Radar: Shyam Metalics breaks out from Cup & Handle formation to hit fresh highs; check target & stop loss for long positions

Shyam Metalics Ltd, exhibiting a Cup & Handle breakout on weekly charts, reached new highs, signaling further potential upside. Experts suggest short-term traders consider buying with a target of Rs 1,100, supported by strong volume and positive MACD indicators. The stock's robust alignment across multiple timeframes indicates a bullish trend.