NDTV Shares Face Bearish Momentum Amid Technical Downturn and Market Underperformance

Technical Trend Shift and Price Movement

NDTV’s technical trend has transitioned from mildly bearish to outright bearish, reflecting increased selling pressure. The stock closed at ₹80.20 on 2 Feb 2026, down 1.97% from the previous close of ₹81.81. Intraday, it traded between ₹80.20 and ₹82.07, hovering near its 52-week low of ₹77.20, significantly below its 52-week high of ₹140.50. This price contraction highlights the stock’s struggle to regain upward momentum.

Comparatively, NDTV’s returns have lagged the broader Sensex across multiple timeframes. Over the past month, NDTV declined by 18.78%, while the Sensex fell 4.67%. Year-to-date, NDTV is down 16.44% against the Sensex’s 5.28% loss. The one-year return disparity is even starker, with NDTV down 28.77% while the Sensex gained 5.16%. Over three and five years, NDTV’s cumulative returns of -58.52% and +166.58% respectively contrast with Sensex’s +35.67% and +74.40%, indicating volatile performance relative to the benchmark.

MACD and Momentum Indicators Confirm Bearish Bias

The Moving Average Convergence Divergence (MACD) indicator remains bearish on both weekly and monthly charts, signalling sustained downward momentum. The MACD line continues to trade below its signal line, suggesting that selling pressure outweighs buying interest. This bearish MACD alignment is a critical warning for investors, indicating that the stock’s short- and medium-term momentum is weakening.

Meanwhile, the Relative Strength Index (RSI) on weekly and monthly timeframes shows no clear signal, hovering in neutral territory. This lack of RSI confirmation suggests the stock is neither oversold nor overbought, implying that further downside could materialise before any meaningful recovery.

Moving Averages and Bollinger Bands Reinforce Downtrend

Daily moving averages have turned bearish, with the stock price trading below key averages such as the 50-day and 200-day moving averages. This alignment typically signals a downtrend and discourages short-term buying interest. The Bollinger Bands on weekly and monthly charts also indicate bearish conditions, with the price frequently touching or breaching the lower band, reflecting increased volatility and downward pressure.

Interestingly, the Know Sure Thing (KST) indicator shows a mildly bullish signal on weekly and monthly charts, suggesting some underlying momentum attempts. However, this mild bullishness is insufficient to counterbalance the dominant bearish signals from other technical tools.

Volume and Trend Confirmation Indicators

On-Balance Volume (OBV) readings for NDTV show no clear trend on weekly or monthly charts, indicating that volume is not confirming price movements decisively. Similarly, Dow Theory analysis reveals no established trend on these timeframes, reflecting market indecision or consolidation phases. These neutral volume and trend signals add complexity to the technical outlook, suggesting that while price momentum is bearish, volume support is lacking to confirm a strong directional move.

Mojo Score and Market Sentiment

NDTV’s MarketsMOJO score currently stands at 3.0, with a Strong Sell grade assigned on 2 May 2024, upgraded from a Sell rating. This downgrade reflects deteriorating fundamentals and technicals, reinforcing the bearish sentiment. The company’s market capitalisation grade is 4, indicating a mid-tier valuation relative to peers in the Media & Entertainment sector.

Investor sentiment appears cautious, as evidenced by the stock’s underperformance relative to the Sensex and sector peers. The persistent downtrend and negative technical signals suggest that market participants are wary of near-term prospects for NDTV.

Long-Term Performance Context

Despite recent weakness, NDTV’s five-year return of 166.58% significantly outpaces the Sensex’s 74.40%, highlighting periods of strong growth in the past. However, the 10-year return of 34.53% lags far behind the Sensex’s 224.57%, indicating that the stock has struggled to maintain consistent long-term outperformance. This mixed historical performance underscores the importance of closely monitoring technical signals for timely entry and exit decisions.

Investor Takeaway and Outlook

From a technical perspective, NDTV’s current setup is decidedly bearish. The convergence of negative MACD, bearish moving averages, and Bollinger Band pressure suggests that the stock may continue to face downward momentum in the near term. The absence of strong volume confirmation and neutral RSI readings imply that any short-term rallies could be limited or short-lived.

Investors should exercise caution and consider the broader market context, including sector dynamics and macroeconomic factors impacting Media & Entertainment stocks. Given the strong sell rating and deteriorating technical parameters, risk-averse investors may prefer to avoid initiating new positions until a clearer reversal signal emerges.

Conversely, contrarian investors might monitor for oversold conditions or a sustained improvement in momentum indicators such as MACD crossover or RSI moving into oversold territory before considering entry. The mild bullish signals from the KST indicator could provide early hints of a potential bottom, but these remain tentative at present.

Overall, NDTV’s technical profile suggests a cautious stance, with the stock vulnerable to further declines unless significant positive catalysts or technical reversals materialise.

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