Entertainment Network (India) Ltd Faces Bearish Momentum Amid Technical Downturn

Price Movement and Market Context

As of 12 Feb 2026, Entertainment Network (India) Ltd closed at ₹110.50, down 3.91% from the previous close of ₹115.00. The intraday range was relatively narrow, with a high of ₹112.30 and a low of ₹109.75. This decline extends a recent downtrend, with the stock hovering close to its 52-week low of ₹107.30, significantly below its 52-week high of ₹173.00. The stock’s performance starkly contrasts with the broader market, as the Sensex has delivered positive returns across multiple timeframes.

Examining returns, the stock has underperformed the Sensex considerably: a 1-week return of -1.73% versus Sensex’s +0.50%, a 1-month return of -6.95% against +0.79%, and a year-to-date return of -4.91% compared to Sensex’s -1.16%. Over longer horizons, the disparity widens, with the stock down 24.91% over one year and 35.57% over five years, while the Sensex has gained 10.41% and 63.46% respectively. This persistent underperformance highlights structural challenges within the company and sector.

Technical Trend Shift: From Mildly Bearish to Bearish

The technical trend for Entertainment Network has shifted from mildly bearish to outright bearish, reflecting increasing selling pressure and weakening momentum. Daily moving averages have turned bearish, signalling that short-term price action is below key average levels, which often acts as resistance in a downtrend. This deterioration is compounded by the weekly and monthly Bollinger Bands, both indicating bearish conditions, suggesting the stock is trading near the lower band and may be experiencing heightened volatility on the downside.

The Dow Theory assessment adds nuance: weekly readings are mildly bearish, while monthly trends show no clear direction. This divergence suggests that while short-term momentum is negative, longer-term trend confirmation remains uncertain, warranting caution for investors considering entry or exit points.

Momentum Indicators: MACD, RSI, and KST Analysis

The Moving Average Convergence Divergence (MACD) indicator presents a mixed picture. On a weekly basis, the MACD remains mildly bullish, indicating some underlying positive momentum in the short term. However, the monthly MACD is bearish, signalling that the longer-term momentum is weakening. This divergence between weekly and monthly MACD readings suggests that while short-term rallies may occur, the dominant trend remains downward.

The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in neutral territory. This lack of directional RSI signal implies the stock is neither overbought nor oversold, but combined with other bearish indicators, it suggests limited upside momentum in the near term.

The Know Sure Thing (KST) oscillator, a momentum indicator that aggregates multiple rate-of-change calculations, is bearish on both weekly and monthly timeframes. This reinforces the view of weakening momentum and supports the bearish technical trend.

Volume and On-Balance Volume (OBV) Insights

Volume-based indicators provide additional context. The On-Balance Volume (OBV) is mildly bullish on a weekly basis and bullish on a monthly scale, indicating that despite price declines, accumulation by some investors may be occurring. This divergence between price and volume could hint at potential support levels or a base forming, but it is insufficient to offset the prevailing bearish technical signals.

Market Capitalisation and Mojo Ratings

Entertainment Network (India) Ltd holds a Market Cap Grade of 4, reflecting its mid-tier market capitalisation within the Media & Entertainment sector. The company’s Mojo Score has deteriorated to 17.0, resulting in a downgrade from a Sell to a Strong Sell rating as of 10 Feb 2026. This downgrade by MarketsMOJO underscores the growing concerns about the stock’s fundamentals and technical outlook, signalling caution to investors.

Sector and Industry Context

Operating within the Media & Entertainment sector, Entertainment Network faces sectoral headwinds including shifting consumer preferences, advertising revenue pressures, and increasing competition from digital platforms. These challenges are reflected in the stock’s technical weakness and underperformance relative to the broader market indices.

Technical Outlook and Investor Considerations

Given the confluence of bearish signals from moving averages, Bollinger Bands, and KST, alongside a downgraded Mojo Grade, the technical outlook for Entertainment Network (India) Ltd remains negative. The stock’s proximity to its 52-week low and persistent underperformance relative to the Sensex suggest limited near-term upside without a fundamental catalyst.

Investors should be wary of entering new positions until clearer signs of trend reversal emerge, such as a sustained break above key moving averages or a bullish crossover in MACD on monthly charts. The neutral RSI readings imply that the stock is not yet oversold, so further downside cannot be ruled out.

Volume patterns, as indicated by OBV, offer a glimmer of hope that some accumulation is underway, but this has yet to translate into price strength. Monitoring volume alongside price action will be critical in assessing any potential recovery.

Conclusion

Entertainment Network (India) Ltd’s technical parameters have shifted decisively towards bearish territory, reflecting weakening momentum and increasing selling pressure. The downgrade to a Strong Sell Mojo Grade aligns with these technical signals, reinforcing a cautious stance. While some short-term bullishness is noted in weekly MACD and OBV, the dominant trend remains negative, and the stock continues to lag the broader market significantly.

For investors, the current environment suggests prioritising risk management and considering alternative opportunities within the Media & Entertainment sector or beyond, where technical and fundamental indicators present a more favourable risk-reward profile.

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