SUNTV - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.4

Technical Analysis Report for Sun TV Network Ltd (SUNTV)

• Trend Status: Consolidating near key support zones
• Moving Averages: Price below both 50 DMA (₹566) and 200 DMA (₹604) — bearish alignment
• RSI: 48.4 — neutral zone, no strong directional bias
• MACD: Slightly positive at 0.74 — weak bullish crossover
• Bollinger Bands: Price near mid-band — range-bound movement
• Volume: Significantly below weekly average — low conviction in current price action

Entry & Exit Zones

• Support Levels: ₹550 (minor support), ₹530 (trendline), ₹506 (52-week low)
• Resistance Levels: ₹566 (DMA 50), ₹604 (DMA 200), ₹640 (gap zone)
• Optimal Entry: ₹540–₹555 (on confirmation of support)
• Optimal Exit: ₹600–₹635 (if reversal sustains)

Positive

• Strong ROCE (20.4%) and ROE (15.7%) — efficient capital deployment
• EPS of ₹41.5 — solid earnings base
• Dividend yield of 2.67% — attractive for income investors
• Debt-to-equity ratio of 0.01 — virtually debt-free

Limitation

• Price below key moving averages — weak technical structure
• Volume significantly below average — lack of strong participation
• PEG ratio of 4.25 — expensive on growth-adjusted basis

Company Negative News

• FII holding declined by 0.20%, DII by 0.16% — institutional outflows
• Quarterly profit variation of -3.34% — slight earnings contraction

Company Positive News

• Quarterly PAT improved from ₹417 Cr. to ₹529 Cr. — sequential growth

Industry

• Broadcasting and media — cyclical with ad revenue sensitivity and digital disruption
• Industry P/E of 21.0 — SUNTV trades at a discount (P/E of 13.1)

Conclusion

Sun TV Network Ltd is currently consolidating near support levels with mixed technical signals. While fundamentals remain strong and valuation is attractive, weak volume and moving average alignment suggest caution. Traders may consider entries near ₹540 with exits around ₹635, watching for MACD strength and volume recovery to confirm trend reversal.