SUNTV - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | SUNTV | Market Cap | 21,662 Cr. | Current Price | 548 ₹ | High / Low | 691 ₹ |
| Stock P/E | 13.2 | Book Value | 306 ₹ | Dividend Yield | 2.74 % | ROCE | 20.4 % |
| ROE | 15.7 % | Face Value | 5.00 ₹ | DMA 50 | 558 ₹ | DMA 200 | 583 ₹ |
| Chg in FII Hold | -0.24 % | Chg in DII Hold | 0.45 % | PAT Qtr | 350 Cr. | PAT Prev Qtr | 529 Cr. |
| RSI | 47.3 | MACD | -4.89 | Volume | 29,485 | Avg Vol 1Wk | 2,94,201 |
| Low price | 480 ₹ | High price | 691 ₹ | PEG Ratio | 4.28 | Debt to equity | 0.01 |
| 52w Index | 32.3 % | Qtr Profit Var | -12.2 % | EPS | 39.8 ₹ | Industry PE | 17.3 |
📈 Chart Patterns & Trend: SUNTV is trading at 548 ₹, below both the 50 DMA (558 ₹) and 200 DMA (583 ₹), indicating short-term weakness. RSI at 47.3 suggests neutral momentum, neither overbought nor oversold. MACD at -4.89 shows bearish crossover, signaling downward bias. Bollinger Bands place price near the lower-middle range, hinting at consolidation with mild bearish undertone.
📊 Volume Trends: Current volume (29k) is far below the 1-week average (2.94 lakh), reflecting weak participation and lack of strong buying interest.
🎯 Momentum Signals:
- Price below both 50 DMA and 200 DMA confirms bearish bias.
- RSI neutral, suggesting sideways consolidation.
- MACD negative, reinforcing weak momentum.
💡 Entry Zone: 530–540 ₹ (near support).
🚪 Exit Zone: 580–590 ₹ (near 200 DMA resistance).
🔎 Overall Trend: The stock is consolidating near support levels with mild bearish undertone. Sustained recovery requires crossing 583–590 ₹ with volume support.
Positive
- Strong ROCE of 20.4% and ROE of 15.7% indicate efficient capital use.
- DII holdings increased (+0.45%), showing domestic institutional confidence.
- Dividend yield of 2.74% provides steady income for investors.
- Low debt-to-equity ratio (0.01) reflects strong financial stability.
Limitation
- Stock trading below both 50 DMA and 200 DMA, confirming weakness.
- Quarterly PAT declined from 529 Cr. to 350 Cr., showing earnings pressure.
- FII holdings decreased (-0.24%), reflecting reduced foreign investor interest.
- PEG ratio of 4.28 suggests poor growth-to-valuation balance.
Company Negative News
- Quarterly profit variation shows decline (-12.2%).
- Weak trading volumes indicate low investor participation.
Company Positive News
- Strong fundamentals with high ROCE and ROE.
- DII support increased, signaling domestic confidence.
- Dividend yield of 2.74% supports long-term investors.
Industry
- Industry PE at 17.3 is higher than SUNTV’s PE of 13.2, suggesting undervaluation relative to peers.
- Media and entertainment sector remains cyclical but supported by advertising and subscription revenues.
- Sector consolidation favors established players like SUNTV.
Conclusion
SUNTV is consolidating near support levels with weak momentum signals. Entry near 530–540 ₹ offers limited risk, while resistance lies at 580–590 ₹. The stock needs stronger volume and a break above 590 ₹ to confirm reversal. Long-term fundamentals remain solid, but short-term traders should be cautious until momentum improves.
Would you like me to extend this into a side-by-side comparison of SUNTV vs SUNPHARMA so you can quickly spot which one offers better near-term trading opportunities?