T.V. Today Network Ltd Faces Bearish Momentum Amid Technical Downturn

Technical Trend Shift and Indicator Analysis

The recent technical parameter change for T.V. Today Network Ltd highlights a clear shift in price momentum. The stock, currently trading at ₹130.65, has slipped from its previous close of ₹131.90, marking a day change of -0.95%. This decline is consistent with the broader bearish technical outlook that has emerged over the past weeks.

The Moving Average Convergence Divergence (MACD) indicator, a key momentum oscillator, remains bearish on both weekly and monthly charts. This persistent negative divergence suggests that the stock’s downward momentum is likely to continue in the near term. Complementing this, the daily moving averages also signal a bearish trend, reinforcing the downward pressure on the stock price.

Relative Strength Index (RSI) presents a mixed picture. While the weekly RSI shows no clear signal, the monthly RSI has turned bullish, indicating some underlying strength over a longer horizon. However, this bullish monthly RSI is insufficient to offset the prevailing bearish momentum indicated by other technical tools.

Bollinger Bands, which measure volatility and potential price reversals, are mildly bearish on both weekly and monthly timeframes. The stock price is hovering near the lower band, suggesting increased selling pressure but also hinting at a possible oversold condition that could lead to short-term consolidation or a minor rebound.

Volume and Trend Confirmation

On-Balance Volume (OBV) analysis reveals a mildly bearish trend on the weekly chart, indicating that volume is not supporting any significant price recovery. The monthly OBV shows no clear trend, which may reflect investor indecision or a lack of strong buying interest at current levels.

The Know Sure Thing (KST) indicator, which aggregates multiple rate-of-change measures, confirms the bearish momentum on both weekly and monthly scales. This aligns with the Dow Theory assessments, which classify the stock’s trend as mildly bearish across these timeframes, further validating the technical downtrend.

Price Performance Relative to Benchmarks

Examining T.V. Today Network Ltd’s returns relative to the Sensex reveals a stark contrast. Over the past week, the stock outperformed the Sensex with a 7.71% gain versus the benchmark’s 0.50%. However, this short-term strength is overshadowed by longer-term underperformance. The stock has declined by 5.46% over the last month compared to a 0.79% gain in the Sensex, and year-to-date returns show a 7.44% loss against a 1.16% decline in the benchmark.

More concerning is the one-year return, where the stock has plummeted 26.60%, while the Sensex has risen 10.41%. Over three, five, and ten-year horizons, T.V. Today Network Ltd has suffered steep losses of 57.63%, 53.00%, and 53.44% respectively, in stark contrast to the Sensex’s robust gains of 38.81%, 63.46%, and 267.00% over the same periods. This persistent underperformance highlights structural challenges facing the company and the sector.

Mojo Score and Market Capitalisation Insights

T.V. Today Network Ltd currently holds a Mojo Score of 15.0, which is categorised as a Strong Sell. This represents a downgrade from its previous Sell rating as of 28 July 2025, reflecting a deterioration in the company’s technical and fundamental outlook. The Market Cap Grade stands at 4, indicating a relatively modest market capitalisation compared to peers in the Media & Entertainment sector.

The downgrade to Strong Sell is driven by the accumulation of bearish signals across technical indicators and the company’s sustained underperformance relative to the broader market. Investors should note that the combination of weak price momentum and poor relative returns suggests limited near-term upside potential.

Support and Resistance Levels

The stock’s 52-week high of ₹199.95 remains a distant target, with the current price of ₹130.65 closer to the 52-week low of ₹117.75. Today’s intraday range between ₹127.00 and ₹131.40 indicates a narrow trading band, consistent with the subdued momentum and lack of strong directional conviction.

Technical support appears to be near the 52-week low, but the bearish trend in moving averages and MACD suggests that any breach below this level could trigger further downside. Conversely, resistance near the daily moving averages and the upper Bollinger Band may cap any short-term rallies.

Sector and Industry Context

Within the Media & Entertainment sector, T.V. Today Network Ltd’s technical deterioration contrasts with some peers that have demonstrated stronger momentum and relative strength. The sector itself faces headwinds from evolving consumer preferences and digital disruption, which have pressured traditional broadcasters and content providers.

Investors should weigh these sectoral challenges alongside the company’s technical signals when considering exposure to T.V. Today Network Ltd. The current technical landscape suggests a cautious stance, with a preference for monitoring for signs of trend reversal before committing fresh capital.

Investor Takeaway and Outlook

In summary, T.V. Today Network Ltd’s technical indicators collectively point to a bearish momentum phase, with key oscillators and moving averages signalling continued downside risk. The stock’s persistent underperformance relative to the Sensex and sector peers further underscores the challenges ahead.

While the monthly RSI’s bullish signal offers a glimmer of longer-term strength, it is insufficient to counterbalance the dominant bearish trends evident in MACD, KST, and moving averages. Investors should exercise caution and consider risk management strategies, particularly given the stock’s proximity to its 52-week lows and the absence of strong volume support.

Monitoring for a sustained shift in technical indicators, such as a MACD crossover or a break above key moving averages, will be critical before reassessing the stock’s potential for recovery. Until then, the prevailing technical landscape advises prudence.

About MarketsMOJO Ratings

MarketsMOJO’s comprehensive rating system integrates technical, fundamental, and market-capitalisation factors to provide actionable insights. The downgrade of T.V. Today Network Ltd to a Strong Sell reflects a holistic assessment of deteriorating price momentum, weak relative returns, and sectoral headwinds. This rating serves as a cautionary signal for investors seeking to optimise portfolio performance within the Media & Entertainment space.

Summary of Key Technical Indicators for T.V. Today Network Ltd

• MACD: Weekly and Monthly – Bearish
• RSI: Weekly – No Signal; Monthly – Bullish
• Bollinger Bands: Weekly and Monthly – Mildly Bearish
• Moving Averages: Daily – Bearish
• KST: Weekly and Monthly – Bearish
• Dow Theory: Weekly and Monthly – Mildly Bearish
• OBV: Weekly – Mildly Bearish; Monthly – No Trend

Price and Return Metrics

• Current Price: ₹130.65
• Previous Close: ₹131.90
• 52-Week High: ₹199.95
• 52-Week Low: ₹117.75
• 1 Week Return: +7.71% vs Sensex +0.50%
• 1 Month Return: -5.46% vs Sensex +0.79%
• Year-to-Date Return: -7.44% vs Sensex -1.16%
• 1 Year Return: -26.60% vs Sensex +10.41%
• 3 Year Return: -57.63% vs Sensex +38.81%
• 5 Year Return: -53.00% vs Sensex +63.46%
• 10 Year Return: -53.44% vs Sensex +267.00%

Conclusion

T.V. Today Network Ltd’s technical deterioration and sustained underperformance relative to the Sensex and sector peers warrant a cautious approach. The stock’s downgrade to a Strong Sell by MarketsMOJO reflects these challenges, signalling that investors should carefully evaluate risk and consider alternative opportunities within the Media & Entertainment sector or broader market.

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