SUNTV - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.5

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

📊 Trend Overview

Current Trend: The stock is in a downtrend, having declined ~34% from its 52-week high of ₹854 to ₹560. It’s trading below both the 50 DMA (₹570) and 200 DMA (₹618), indicating continued bearish sentiment.

52-Week Index: At 15.4%, the stock is near its yearly lows, suggesting limited upside unless momentum shifts.

📈 Moving Averages

50 DMA: ₹570

200 DMA: ₹618

Current Price: ₹560

Interpretation: Price is below both moving averages, reinforcing a bearish bias. A close above ₹570 would be the first sign of reversal; ₹618 is the next major hurdle.

📉 MACD & RSI

MACD: Negative at -3.49, indicating bearish momentum.

RSI: Neutral at 48.2 — no overbought or oversold signal, but leaning bearish.

Conclusion: Momentum indicators suggest consolidation with a bearish tilt. No strong buy signal yet.

📊 Volume Trends

Current Volume: 1.70 lakh

1-Week Avg Volume: 2.03 lakh

Interpretation: Volume is below average, indicating low conviction. A breakout above ₹570–₹580 would require volume confirmation.

📉 Bollinger Bands

Price is likely near the lower band, which may act as short-term support. A bounce from this level could indicate a reversal, but confirmation is needed.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 540 Near-term support zone

Support 2 506 52-week low, strong base

Resistance 1 570 50 DMA, immediate ceiling

Resistance 2 618 200 DMA, major resistance

Resistance 3 680–720 Previous consolidation zone

🎯 Entry & Exit Zones

Optimal Entry: ₹540–₹555 (on pullback with confirmation)

Exit Zone: ₹618–₹680 (partial profit booking), ₹720+ (final target if breakout sustains)

🔍 Summary

Trend: Downtrend

Momentum: Weak

Bias: Cautious accumulation

Short-Term Strategy: Accumulate near ₹540–₹555 only if support holds. Avoid aggressive entries until price breaks above ₹570 with volume and MACD flattens.

Let me know if you’d like a swing trade setup or visual chart overlay to go deeper!

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