Technical Momentum Shift in Sri Adhikari Brothers Television Network Ltd Signals Mild Bullish Outlook

Price Movement and Market Context

On 18 Feb 2026, SABTN closed at ₹1,732.80, down from the previous close of ₹1,823.95, marking a significant intraday drop of 5.00%. The stock’s 52-week high stands at ₹2,260.00, while the 52-week low is ₹435.10, reflecting substantial volatility over the past year. This volatility is mirrored in the stock’s recent returns, which show a sharp 12.73% decline over the past week and a 14.04% drop over the last month, both considerably underperforming the Sensex’s modest declines of 0.98% and 0.14% respectively.

However, SABTN’s year-to-date return of 8.30% outpaces the Sensex’s negative 2.08%, and its one-year return of 226.94% dramatically exceeds the benchmark’s 9.81%. Over longer horizons, the stock’s performance is even more striking, with a three-year return of 96,704.47% and a five-year return of 116,981.08%, dwarfing the Sensex’s 36.80% and 61.40% respectively. This exceptional long-term growth underscores SABTN’s potential despite recent short-term setbacks.

Technical Indicator Analysis

The technical landscape for SABTN is nuanced. The Moving Average Convergence Divergence (MACD) indicator remains bullish on both weekly and monthly timeframes, signalling sustained upward momentum in the medium to long term. This is a positive sign for investors looking for trend confirmation beyond daily fluctuations.

Conversely, the Relative Strength Index (RSI) offers no clear signal on either weekly or monthly charts, indicating neither overbought nor oversold conditions. This neutrality suggests the stock is consolidating and may be poised for a directional move once clearer momentum emerges.

Bollinger Bands present a mildly bullish stance on the weekly chart and a bullish signal on the monthly chart, implying that price volatility is contained within an upward trending range. This supports the notion of a stabilising price environment with potential for gradual appreciation.

Daily moving averages also reflect a mildly bullish trend, reinforcing the idea that short-term price action is beginning to align with longer-term positive momentum. However, the Know Sure Thing (KST) indicator shows a divergence: bullish on the weekly timeframe but mildly bearish on the monthly, highlighting some caution among longer-term investors.

Dow Theory assessments echo this mixed picture, with mildly bullish signals weekly and bullish monthly readings. Meanwhile, On-Balance Volume (OBV) fails to establish a clear trend on either timeframe, suggesting volume-driven momentum is currently lacking.

Mojo Score and Market Capitalisation Insights

SABTN’s current Mojo Score stands at 37.0, with a Mojo Grade of Sell, upgraded from a previous Strong Sell rating on 04 Sep 2025. This improvement in grading reflects a modest enhancement in the company’s technical and fundamental outlook, though the score remains below the threshold for a neutral or buy recommendation. The Market Cap Grade is 3, indicating a mid-tier market capitalisation relative to peers in the Media & Entertainment sector.

Comparative Performance and Sector Context

Within the Media & Entertainment industry, SABTN’s recent price momentum contrasts with broader sector trends. While the sector has faced headwinds from evolving consumer preferences and digital disruption, SABTN’s long-term returns remain exceptional. The stock’s ability to outperform the Sensex by wide margins over one, three, five, and ten-year periods highlights its resilience and potential for value creation despite short-term technical fluctuations.

Investors should note the divergence between short-term price weakness and longer-term bullish technical signals. The mildly bullish daily moving averages and monthly MACD suggest that the recent price correction may represent a consolidation phase rather than a reversal of the uptrend.

Risk Factors and Technical Cautions

Despite encouraging signs, caution is warranted. The absence of a clear RSI signal and the lack of volume confirmation via OBV indicate that momentum is not yet fully established. The mildly bearish monthly KST reading further tempers enthusiasm, signalling potential resistance or profit-taking at higher levels.

Moreover, the 5.00% day decline and underperformance relative to the Sensex over the past week and month highlight near-term volatility risks. Investors should monitor key support levels near the current price and watch for confirmation of trend continuation through improved volume and momentum indicators.

Outlook and Investor Considerations

For investors analysing SABTN, the current technical parameters suggest a stock in transition. The shift from bullish to mildly bullish momentum indicates a period of consolidation, where price action may stabilise before a potential resumption of the uptrend. The strong monthly MACD and Bollinger Bands support this view, while the mixed signals from KST and OBV counsel prudence.

Given the stock’s impressive long-term returns and improving Mojo Grade, SABTN remains an intriguing candidate for investors with a medium to long-term horizon. However, the recent price weakness and lack of volume confirmation imply that entry points should be carefully timed, ideally on signs of renewed buying interest and clearer momentum confirmation.

In summary, while Sri Adhikari Brothers Television Network Ltd faces short-term technical challenges, its underlying momentum and historical performance provide a foundation for cautious optimism. Investors should continue to monitor key technical indicators and sector developments to gauge the stock’s trajectory in the coming months.

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