Entertainment Network (India) Ltd Technical Momentum Shifts Amid Bearish Signals

Technical Trend Overview

Recent analysis reveals that Entertainment Network (India) Ltd’s technical trend has transitioned from a firmly bearish position to a mildly bearish one. This change reflects a modest improvement in price momentum, although the overall technical landscape remains challenging. The stock closed at ₹114.26, up 0.43% from the previous close of ₹113.77, with intraday highs reaching ₹116.83 and lows at ₹112.00. Despite this minor gain, the stock remains significantly below its 52-week high of ₹174.58 and only marginally above its 52-week low of ₹107.09.

MACD and Momentum Indicators

The Moving Average Convergence Divergence (MACD) indicator remains bearish on both weekly and monthly timeframes, signalling that downward momentum is still dominant. The MACD line continues to trade below the signal line, suggesting that selling pressure has not yet abated. This bearish MACD reading aligns with the broader technical sentiment, indicating that the stock has yet to establish a sustainable upward trend.

RSI and Relative Strength

The Relative Strength Index (RSI) on weekly and monthly charts currently shows no clear signal, hovering in a neutral zone. This lack of directional RSI momentum suggests that the stock is neither overbought nor oversold, reflecting indecision among traders. The neutral RSI contrasts with the bearish MACD, highlighting a divergence that investors should monitor closely for potential shifts in momentum.

Moving Averages and Price Action

Daily moving averages continue to exert bearish pressure on the stock. The price remains below key moving averages, including the 50-day and 200-day averages, which typically act as resistance levels in a downtrend. This positioning indicates that the stock has not yet broken out of its bearish phase and may face challenges in sustaining any short-term rallies.

Bollinger Bands and Volatility

Bollinger Bands on weekly and monthly charts also maintain a bearish stance, with the stock price frequently touching or moving near the lower band. This pattern suggests elevated volatility and a tendency for the stock to trade at lower price levels within its recent range. The persistent proximity to the lower band underscores the prevailing selling pressure and the absence of strong buying interest.

Other Technical Signals

The Know Sure Thing (KST) indicator remains bearish on both weekly and monthly timeframes, reinforcing the negative momentum. Dow Theory assessments classify the trend as mildly bearish, consistent with the recent technical shift. Meanwhile, On-Balance Volume (OBV) shows no clear trend, indicating that volume flows have not decisively favoured buyers or sellers in recent weeks.

Comparative Performance Against Sensex

When analysing returns relative to the benchmark Sensex, Entertainment Network (India) Ltd has underperformed significantly across multiple time horizons. Over the past week, the stock declined by 2.85%, slightly worse than the Sensex’s 2.51% drop. Over one month, however, the stock posted a modest gain of 2.10%, contrasting with the Sensex’s 4.31% decline, indicating some short-term resilience.

Year-to-date, the stock remains down 1.75%, while the Sensex has fallen 4.14%. Despite this, the longer-term picture is less favourable. Over one year, the stock has plummeted 29.82%, whereas the Sensex gained 7.94%. The three-year and five-year returns for the stock are negative at -21.28% and -26.12% respectively, while the Sensex has delivered robust gains of 38.25% and 74.29% over the same periods. The ten-year performance is particularly stark, with the stock down 82.76% compared to the Sensex’s 237.47% rise.

Mojo Score and Ratings Update

MarketsMOJO’s latest assessment assigns Entertainment Network (India) Ltd a Mojo Score of 31.0, reflecting a Sell rating. This represents an upgrade from the previous Strong Sell grade issued on 23 January 2026, signalling a slight improvement in outlook but still cautioning investors. The Market Cap Grade stands at 4, indicating a mid-tier market capitalisation relative to peers in the media and entertainment sector.

Sector Context and Outlook

The media and entertainment sector continues to face headwinds from shifting consumer preferences, advertising revenue pressures, and evolving digital consumption patterns. Entertainment Network (India) Ltd’s technical indicators mirror these challenges, with bearish momentum dominating despite occasional short-term rallies. Investors should weigh these sectoral dynamics alongside the company’s technical signals when considering exposure.

Investor Takeaway

While the recent mild shift from a strongly bearish to a mildly bearish technical trend may offer some hope for a stabilisation in Entertainment Network (India) Ltd’s share price, the prevailing technical indicators caution against premature optimism. The persistent bearish MACD, daily moving averages, and Bollinger Bands suggest that the stock remains vulnerable to further downside pressure. The neutral RSI and lack of volume trend add to the uncertainty, underscoring the need for investors to monitor developments closely.

Given the stock’s significant underperformance relative to the Sensex over longer timeframes and the sector’s ongoing challenges, investors should consider a cautious approach. Those seeking exposure to the media and entertainment space may wish to explore alternative stocks with stronger technical and fundamental profiles.

Conclusion

Entertainment Network (India) Ltd’s technical parameters reveal a nuanced picture: a slight improvement in momentum tempered by dominant bearish signals across multiple indicators. The stock’s recent price action and technical grades suggest that while the worst may be easing, a clear bullish reversal remains elusive. Investors should remain vigilant and consider the broader sectoral context and comparative performance before making allocation decisions.

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