ITC/Nifty Ratio - Telling some different perspective

ITC/Nifty Ratio chart is now very close to its long term support line. Invariably it has bounced from here and significantly as the past tells us so. ITC may have some more pain left, but the memes days are seem to be numbered. ITC might revolt sooner.
DISC: Not a SEBI Regd. I post charts for my own study.