SUNTV - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:55 pm

Technical Rating: 3.4

📊 Chart Patterns: SUNTV is trading below its 50 DMA (558 ₹) and 200 DMA (591 ₹), showing weakness. Support lies near 506 ₹, while resistance is around 558–591 ₹. The broader chart indicates a downward bias within a consolidation range.

📈 Moving Averages: Current price (543 ₹) is below both 50 DMA and 200 DMA, signaling bearish undertone.

📉 RSI: At 45.7, RSI is neutral but leaning weak, suggesting limited momentum.

📉 MACD: Slightly negative (-0.35), confirming lack of bullish crossover and subdued momentum.

📊 Bollinger Bands: Price is near the lower band, indicating mild oversold conditions and potential for short-term bounce.

📊 Volume Trends: Current volume (74,237) is significantly below average weekly volume (1,85,864), showing weak participation and lack of buying interest.

🚦 Momentum Signals: Short-term momentum is weak. A bounce may occur near 506 ₹ support, but sustained recovery requires crossing 558–591 ₹.

🎯 Entry Zone: 520–530 ₹ (near support).

🎯 Exit Zone: 558–591 ₹ (resistance at 50 & 200 DMA).

📌 Trend Status: The stock is consolidating with bearish bias, not yet reversing into an uptrend.

Positive

• Attractive dividend yield of 2.80% provides steady income.
• Strong ROCE (20.4%) and ROE (15.7%) indicate efficient capital usage.
• Low debt-to-equity ratio (0.01) ensures financial stability.

Limitation

• PEG ratio of 4.24 suggests expensive growth prospects.
• Stock trading below both 50 & 200 DMA indicates weak technical strength.
• Volume trends show lack of investor participation.

Company Negative News

• PAT declined from 529 Cr. to 350 Cr. in the latest quarter (-12.2% variation).
• FII holdings decreased by -0.20% and DII holdings by -0.16%, showing reduced institutional confidence.

Company Positive News

• Strong balance sheet with minimal debt.
• Dividend yield remains attractive compared to peers.

Industry

• Industry P/E at 19.8 is higher than SUNTV’s P/E of 13.1, suggesting undervaluation relative to peers.
• Media and broadcasting sector remains cyclical but supported by advertising and subscription revenues.

Conclusion

⚖️ SUNTV is consolidating with bearish bias, trading below key moving averages. Short-term traders may consider entry near 520–530 ₹ with exit around 558–591 ₹. Long-term investors may find value given low P/E and strong fundamentals, but earnings volatility and weak momentum warrant caution.