Mahindra & Mahindra (M&M) has formed a double top pattern on the daily timeframe, and the price is currently trading near the neckline. Traders should pay close attention to the price action in this area. If a strong bearish candle forms and the neckline is broken, it could present a favorable opportunity for shorting M&M in swing trading. Intraday traders can also consider trading if the price finds support at the neckline for smaller targets. However, it is important to note that the current setup appears favorable for shorting only if the price breaks down below the neckline.
