Mahindra and Mahindra - Looks weak

This trade is for intraday basis on June 12.

I can see that M&M M_M stock price has got nicely rejected after retracing 38.2% of the previous downmove, forming a Bearish Engulfing candle.

Will look for selling opportunities below 912 if available near current levels for a first target in the 897-900 zone.


Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.