ITC LONG TERM

ITC has generally shown weakness compared to the FMCG Index and underperformed the BSE500 in the past 3 years. The current price is also below the 52 week EMA. The relative strength benchmark is also showing sideways movement over the past 2 years. The stock is still in bearish territory. I would watch out for the breaks in the trend shown on the RSB and 52 week EMA. Recommend hold on this stock until a decisive breach or positive factors confirming an uptrend is seen.