Closed M&M for 4.8k profit. On Friday, it looked promising to go up and yield better PnL of about 8-9k on an upmove to 3800.
But as is the case with entire market, this stock isn't giving follow up on the upside. If we look at T+0, it at least needs a move of 3-4% to improve PnL significantly from here. So that's the reason locking in gains here.
Plan to initiate trade in Jan if stock goes back to 3600
