M&M long trade

Weekly MACD bullish divergence, then a double bottom and up move in the daily was enough confirmation to me for an upmove in the stock. Now it has just breached and re tested a wedge in the 60 mins time frame. The breakout was with a high volume. And thus my Long bias.

Can be entered now: once 535 is breached and held above.
SL : around 6 points.
Expected reward: 20 points i.e target of around 555 odd levels, if plays out can continue its uptrend.

Just manage your risk, that is the key!!