Sri Adhikari Brothers Television Network Ltd: Technical Momentum Shifts Amid Mixed Signals

Price Momentum and Recent Performance

The stock closed at ₹1,573.15 on 2 Feb 2026, down from the previous close of ₹1,655.90, marking a sharp single-day decline of 5.00%. This drop contrasts with the broader market’s modest movements, highlighting SABTN’s current volatility. The 52-week price range remains wide, with a high of ₹2,260.00 and a low of ₹349.15, reflecting significant price swings over the past year.

Examining returns relative to the Sensex reveals a mixed but generally strong long-term performance. Over the past week, SABTN’s stock return was -22.62%, substantially underperforming the Sensex’s -1.00%. However, over the one-year horizon, SABTN outperformed dramatically with a 267.09% return compared to the Sensex’s 5.16%. The three- and five-year returns are even more striking, with SABTN delivering 82,697.37% and 83,578.19% respectively, dwarfing the Sensex’s 35.67% and 74.40% gains. This disparity underscores SABTN’s status as a high-growth small cap, albeit with elevated risk and volatility.

Technical Indicator Analysis: MACD, RSI, and Moving Averages

The Moving Average Convergence Divergence (MACD) indicator remains bullish on both weekly and monthly timeframes, signalling that the underlying momentum is still positive despite recent price weakness. The weekly MACD suggests that short-term momentum is intact, while the monthly MACD confirms a longer-term uptrend. This dual bullishness typically indicates that the stock could be poised for a rebound if other conditions align.

Conversely, the Relative Strength Index (RSI) on both weekly and monthly charts shows no clear signal, hovering in neutral territory. This lack of directional RSI momentum suggests the stock is neither overbought nor oversold, implying that price movements could be driven by external factors or market sentiment rather than technical extremes.

Daily moving averages have shifted to a mildly bullish stance, reflecting a recent improvement in short-term price trends. This mild bullishness indicates that while the stock is not in a strong uptrend, it is showing signs of stabilisation after recent declines. Investors should watch for confirmation through sustained price action above key moving averages such as the 50-day and 200-day lines.

Bollinger Bands and KST: Mixed Signals

Bollinger Bands on both weekly and monthly charts indicate a mildly bullish trend, suggesting that price volatility is contained within an upward channel. This mild bullishness implies that the stock is not experiencing extreme price swings and may be consolidating before a potential move higher.

The Know Sure Thing (KST) indicator presents a more nuanced picture. While the weekly KST remains bullish, the monthly KST has turned mildly bearish. This divergence indicates that short-term momentum is positive, but longer-term momentum may be weakening. Such mixed signals warrant caution, as they can precede periods of consolidation or correction.

Dow Theory and On-Balance Volume (OBV) Insights

According to Dow Theory, the weekly trend is mildly bearish, whereas the monthly trend remains bullish. This suggests that while short-term price action may be under pressure, the broader market trend for SABTN is still upward. Investors should monitor whether the weekly bearishness intensifies or reverses in the coming weeks.

On-Balance Volume (OBV) shows no clear trend on either weekly or monthly timeframes, indicating that volume is not confirming price movements. The absence of volume confirmation often signals uncertainty among traders and can precede volatile price swings.

Mojo Score and Market Capitalisation Grade

SABTN’s current Mojo Score stands at 37.0, with a Mojo Grade of Sell, upgraded from a previous Strong Sell on 4 Sep 2025. This upgrade reflects a modest improvement in the company’s technical and fundamental outlook, though the rating remains cautious. The Market Cap Grade is 3, indicating a small-cap status with associated liquidity and volatility considerations.

Comparative Performance and Sector Context

Within the Media & Entertainment sector, SABTN’s performance is notable for its outsized long-term returns but recent short-term weakness. The sector itself has faced headwinds due to changing consumer preferences and competitive pressures from digital platforms. SABTN’s technical indicators suggest it is navigating these challenges with some resilience, but investors should remain vigilant for signs of sustained recovery or further deterioration.

Investor Takeaway: Balancing Opportunity and Risk

For investors considering Sri Adhikari Brothers Television Network Ltd, the current technical landscape presents both opportunities and risks. The bullish MACD and mildly bullish moving averages suggest potential for price recovery, especially if the stock can stabilise above key support levels. However, the neutral RSI, mixed KST signals, and lack of volume confirmation advise caution.

Given the stock’s significant long-term outperformance relative to the Sensex, SABTN remains an intriguing small-cap growth candidate. Yet, the recent sharp weekly decline and technical trend shifts highlight the importance of close monitoring and risk management. Investors should watch for confirmation of trend reversals or further deterioration in weekly indicators before committing additional capital.

Overall, SABTN’s technical parameters indicate a stock in transition, with momentum shifting but not yet decisively confirming a new trend. This nuanced picture underscores the value of combining technical analysis with fundamental insights and sector context when evaluating small-cap stocks in volatile industries.

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