IFCI LTD Trade from the trend line

• IFCI is trading near an important trend line.
• Go long around 51 with 50 as stop loss for a target of 54. The trade is on the assumption that the trend  line will give support. If nifty breaks down below 5160 this trend line will not give support to IFCI. So keep this trend line as stop loss.
• since the stock is trading near the trend line the risk reward ratio is good. But remember the trend line should give support if it break then one should exit long or can go short.