Bearish on M&M: Somil Mehta

ET Now spoke to Somil Mehta, Sr. technical Analyst, Sharekhan, on his view on M&M.

What would you do with M&M?

For M&M, a little bit of negativity has been witnessed on the charts. I think ABC decline is expected and the wave C is already in process. So I think the lower end would be Rs 680 or around Rs 670 would be the right time to again get into the stock but overall right now it is looking negative in the short term.