Analyst Kush Ghodasara flags bearish signals in M&M and Indigo. M&M breached trend support at ₹3,110, with downside targets of ₹3,065 and ₹3,023. Indigo broke key ₹5,907 support, with targets at ₹5,746 and ₹5,621. Momentum indicators weakened for both stocks. Ghodasara recommends short positions with tight stop losses amid rising downside risks.