Sri Adhikari Brothers Television Network Ltd Sees Bullish Momentum Amid Technical Upgrades

Technical Trend Evolution and Price Momentum

The stock closed at ₹1,730.85 on 4 February 2026, marking a 5.00% increase from the previous close of ₹1,648.45. This intraday high matched the closing price, with a low of ₹1,651.80, indicating strong buying interest throughout the session. Over the past week, SABTN’s price return was -10.38%, underperforming the Sensex’s 2.30% gain. However, the year-to-date return stands at a robust 8.18%, comfortably outpacing the Sensex’s -1.74% over the same period. The stock’s long-term performance remains exceptional, with a five-year return of 91,966.49% compared to the Sensex’s 66.63%, reflecting its historical growth trajectory despite recent volatility.

MACD and Momentum Indicators

The Moving Average Convergence Divergence (MACD) indicator presents a bullish signal on both weekly and monthly charts. The weekly MACD line has crossed above its signal line, suggesting increasing upward momentum in the near term. Similarly, the monthly MACD confirms this positive trend, reinforcing the medium-term bullish outlook. This dual timeframe confirmation is significant, as it indicates sustained buying pressure rather than a short-lived rally.

RSI and Market Sentiment

The Relative Strength Index (RSI) remains neutral on both weekly and monthly charts, showing no clear overbought or oversold conditions. This lack of extreme RSI readings suggests that the stock has room to appreciate further without immediate risk of a technical correction. Investors should monitor RSI closely for any divergence or movement beyond the 70/30 thresholds, which could signal a shift in momentum.

Bollinger Bands and Volatility

Bollinger Bands have turned bullish on both weekly and monthly timeframes, indicating that SABTN’s price is trending towards the upper band. This movement typically reflects increased volatility accompanied by upward price momentum. The stock’s current price near the upper band suggests strong buying interest and potential continuation of the rally, although investors should be mindful of possible short-term pullbacks as the bands widen.

Moving Averages and Trend Confirmation

Daily moving averages have shifted to a bullish alignment, with the short-term averages crossing above longer-term averages. This crossover is a classic technical signal that confirms the recent upward price momentum. The alignment of moving averages supports the view that SABTN is entering a phase of sustained strength, which could attract momentum traders and institutional interest.

KST and Dow Theory Signals

The Know Sure Thing (KST) indicator presents a mixed picture: bullish on the weekly chart but mildly bearish on the monthly. This divergence suggests that while short-term momentum is positive, longer-term caution remains warranted. Similarly, Dow Theory analysis shows a mildly bearish trend on the weekly timeframe but a bullish stance monthly. These conflicting signals highlight the importance of monitoring price action closely over the coming weeks to confirm the sustainability of the current rally.

On-Balance Volume and Market Participation

On-Balance Volume (OBV) does not indicate a clear trend on either weekly or monthly charts, implying that volume-driven confirmation of price moves is currently lacking. This absence of volume trend suggests that while price momentum is improving, it may not yet be fully supported by strong institutional buying. Investors should watch for any uptick in OBV as a potential confirmation of the bullish technical signals.

Mojo Score and Market Positioning

Sri Adhikari Brothers Television Network Ltd holds a Mojo Score of 44.0 with a current Mojo Grade of Sell, upgraded from a Strong Sell on 4 September 2025. This upgrade reflects improving technical and fundamental conditions, although the score remains below the threshold for a Buy rating. The Market Cap Grade stands at 3, indicating a small-cap status with associated liquidity and volatility considerations. Investors should weigh these factors alongside technical momentum before making allocation decisions.

Comparative Performance and Sector Context

Within the Media & Entertainment sector, SABTN’s recent price momentum contrasts with broader market trends. The Sensex has delivered modest gains over the past year (8.49%) and more substantial returns over the decade (245.70%), but SABTN’s 1-year return of 370.98% and 10-year return of 399.52% demonstrate its capacity for outperformance. However, the stock’s recent weekly underperformance (-10.38%) versus the Sensex (+2.30%) signals short-term volatility that investors must consider.

Investor Takeaway and Outlook

The recent technical parameter changes for Sri Adhikari Brothers Television Network Ltd suggest a positive shift in price momentum, supported by bullish MACD and moving averages, alongside favourable Bollinger Bands positioning. While the RSI remains neutral and volume indicators lack clear confirmation, the overall technical landscape has improved sufficiently to warrant cautious optimism.

Investors should remain mindful of the mixed signals from KST and Dow Theory, which counsel prudence in the face of potential short-term volatility. The upgrade in Mojo Grade from Strong Sell to Sell reflects this nuanced outlook, indicating that while conditions are improving, the stock has yet to fully transition into a strong buy territory.

Given the stock’s small-cap status and historical volatility, a measured approach combining technical analysis with fundamental assessment is advisable. Monitoring volume trends and RSI movements in the coming weeks will be critical to confirm the sustainability of the bullish momentum.

Summary of Key Technical Metrics:

• Current Price: ₹1,730.85 (5.00% up on day)
• 52-Week Range: ₹349.15 - ₹2,260.00
• MACD: Weekly & Monthly Bullish
• RSI: Neutral (No Signal)
• Bollinger Bands: Weekly & Monthly Bullish
• Moving Averages: Daily Bullish
• KST: Weekly Bullish, Monthly Mildly Bearish
• Dow Theory: Weekly Mildly Bearish, Monthly Bullish
• OBV: No clear trend
• Mojo Score: 44.0 (Sell, upgraded from Strong Sell)

Overall, Sri Adhikari Brothers Television Network Ltd is demonstrating a technical momentum shift that could attract renewed investor interest, particularly if volume and broader market conditions align favourably.

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