Oct. 5 at 4:20 PM
$SUNTV.NSE
SunTV में दमदार बाउंस — क्या IPL टीम वैल्यूएशन और Q2 नतीजे नई तेजी लाएँगे?
Technical View
$SUN TV formed a large bullish candle on the daily chart after a prolonged downtrend, closing at ₹577.80. The stock is trading below 20/50/200 DMA, indicating a weak long-term trend but short-term recovery momentum.
As can be seen in the daily chart, after the big bounce back on 1st October, slight profit booking was seen in the stock. On 3rd October, the stock traded in a range and traders are waiting for clear indications to take fresh positions. On 3rd October, the stock opened at 585.50, made a low of 562.20, a high of 585.50 and closed at 577.80.
In the daily chart, the
$STOCK is strongly holding the levels of 560 and the 55-day EMA. Currently, the
$STOCK is trading in a range between 560-590, but the 55-day EMA support could be a good point for fresh entry. After the bounce back on 1st October, a buy-on-dip strategy is being formed. Since the stock has entered a correction phase, holding levels near 550 could act as strong support. I believe buying on any dip is possible in the stock and in the next 2-3 months, the stock may again show levels of 625-630 in the short-term view.
Recent News / Why the Stock Moved
$SHARES jumped 18% after reports suggesting IPL team revaluations following RCB’s potential sale — positively impacting Sunrisers Hyderabad valuation.
Family dispute between Dayanidhi & Kalanithi Maran reportedly resolved — improving corporate sentiment.
Expansion into global cricket via Northern Superchargers acquisition (UK).
Upcoming Events / Catalysts
Q2 FY26 Results (Expected Late Oct 2025) — Ad revenue recovery key.
IRDA / MIB regulatory policy changes.
Updates on sports valuations & Sunrisers Hyderabad’s financials.
Disclaimer & Disclosure
This report is purely for educational and informational purposes.
It is not investment advice.
Please consult a SEBI-registered financial advisor before making decisions.
Data is compiled from public sources; accuracy is not guaranteed.
The author has no personal holdings in Sun TV Network.