Sep 03, 2013, 10.07 AM | Source: CNBC-TV18
According to Sudarshan Sukhani of s2analytics.com, one may sell Mahindra and Mahindra (M&M) as the stock broke down after consolidation.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
" Mahindra and Mahindra (M&M) is doing the exact opposite. It consolidated yesterday and broke down from the consolidation. It is very worrying, it is showing poor relative strength. It is a short sell and surprisingly it would actually be held on to as a positional trade also," he added.