SUNTV - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.5

Here’s a detailed technical analysis of Sun TV Network Ltd. (SUNTV)

📊 Trend Overview

Current Trend: Bearish with weak momentum

Price is below both 50-DMA (₹597) and 200-DMA (₹641) — confirms short- and long-term weakness.

RSI (42.0) — in bearish zone, indicating lack of strength.

MACD (-6.68) — strongly negative, signaling downward momentum.

Volume: Slightly below 1-week average — suggests low conviction from buyers.

📈 Chart Patterns & Indicators

Moving Averages

Price < 50-DMA and 200-DMA → bearish structure.

No crossover signals — trend continuation likely.

Bollinger Bands

Price near lower band — oversold zone, but no breakout or squeeze pattern.

Support Levels

₹568 – ₹574 (current price zone)

₹555 – ₹562 (trendline support)

₹506 (52-week low)

Resistance Levels

₹597 (50-DMA)

₹615 – ₹630 (recent swing highs)

₹641 (200-DMA)

🔍 Momentum Signals

Short-Term Bias: Bearish with oversold potential

RSI < 45 and MACD negative — weak momentum.

No bullish divergence or reversal pattern visible.

Volume Trend: Slightly declining — no strong accumulation.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹568 – ₹574 Near support, oversold indicators

Exit Target ₹597 – ₹615 Resistance at moving averages

Stop Loss ₹555 Below trendline and support zone

🧠 Summary

SUNTV is currently trending downward, with technical indicators pointing to continued weakness. However, the stock is approaching oversold territory, which may offer a short-term bounce opportunity. A tactical entry near ₹568–₹574 could be considered, but confirmation via volume and RSI recovery is essential. Traders should remain cautious and avoid aggressive positions until momentum improves.

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