Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Almost all auto stocks are now selling opportunities. I am looking at Mahindra and Mahindra (M&M). The stock is now breaking down, it has a very poor chart pattern."
"Charts for M&M is breaking down from significant support levels, moving lower with a target of Rs 875 and even lower is possible. The worst part is M&M is doing this while the broad market is going up. That is fairly bearish," he said.