M&M a sell for a target of 600: Somil Mehta, Sharekhan

Somil Mehta, Sr technical Analyst, Sharekhan, in a chat with ET Now talks about M&M.

What is your take on M&M?

M&M is looking a little weak. On the daily charts, the momentum indicators have become a little negative and volumes have started decreasing. So this is a good sell from these levels and a small flat pattern has formed on the daily charts, a bearish flag pattern. So it is a sell for a target of 600 and with a stop loss of 662.