NSI ยท EQUITY ยท ENHANCED MARKET DYNAMICS

DPWIRES

D.P. Wires Limited

IN ยท Industrials ยท Metal Fabrication

EMD SCORE34/100

CURRENT COMPLETED-WEEK READ

Cautious

The balance of evidence is weakening and risk control deserves more attention. Conditions are cautious and have weakened over the latest four completed weeks.

Deterioration67% directional agreement89% evidence confidence
Completed week
4 Sep 2026
Latest close
INR 154.62
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

1 supportive ยท 5 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks ยท bars use the left EMD axis; price uses the right axis.
15 Sep 2023โ€“4 Sep 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท INR +100+500-50-100 669.92386.48103.05 15 Sep 2023 ยท EMD 81/100 ยท close 572.79 22 Sep 2023 ยท EMD 79/100 ยท close 559.26 29 Sep 2023 ยท EMD 85/100 ยท close 621.21 6 Oct 2023 ยท EMD 78/100 ยท close 577.28 13 Oct 2023 ยท EMD 74/100 ยท close 561.49 20 Oct 2023 ยท EMD 73/100 ยท close 546.22 27 Oct 2023 ยท EMD 72/100 ยท close 558.38 3 Nov 2023 ยท EMD 76/100 ยท close 579.82 10 Nov 2023 ยท EMD 72/100 ยท close 599.00 17 Nov 2023 ยท EMD 81/100 ยท close 632.60 24 Nov 2023 ยท EMD 84/100 ยท close 639.55 1 Dec 2023 ยท EMD 84/100 ยท close 636.00 8 Dec 2023 ยท EMD 72/100 ยท close 584.45 15 Dec 2023 ยท EMD 75/100 ยท close 608.85 22 Dec 2023 ยท EMD 72/100 ยท close 595.30 29 Dec 2023 ยท EMD 61/100 ยท close 576.05 5 Jan 2024 ยท EMD 65/100 ยท close 577.05 12 Jan 2024 ยท EMD 58/100 ยท close 573.65 19 Jan 2024 ยท EMD 59/100 ยท close 567.85 26 Jan 2024 ยท EMD 47/100 ยท close 541.85 2 Feb 2024 ยท EMD 38/100 ยท close 520.35 9 Feb 2024 ยท EMD 44/100 ยท close 539.90 16 Feb 2024 ยท EMD 28/100 ยท close 470.65 23 Feb 2024 ยท EMD 34/100 ยท close 468.70 1 Mar 2024 ยท EMD 40/100 ยท close 526.95 8 Mar 2024 ยท EMD 30/100 ยท close 500.05 15 Mar 2024 ยท EMD 28/100 ยท close 443.00 22 Mar 2024 ยท EMD 33/100 ยท close 458.85 29 Mar 2024 ยท EMD 25/100 ยท close 425.65 5 Apr 2024 ยท EMD 43/100 ยท close 529.85 12 Apr 2024 ยท EMD 39/100 ยท close 516.60 19 Apr 2024 ยท EMD 45/100 ยท close 533.30 26 Apr 2024 ยท EMD 41/100 ยท close 516.85 3 May 2024 ยท EMD 34/100 ยท close 497.80 10 May 2024 ยท EMD 29/100 ยท close 454.85 17 May 2024 ยท EMD 43/100 ยท close 506.00 24 May 2024 ยท EMD 34/100 ยท close 486.05 31 May 2024 ยท EMD 31/100 ยท close 456.80 7 Jun 2024 ยท EMD 37/100 ยท close 460.25 14 Jun 2024 ยท EMD 35/100 ยท close 460.95 21 Jun 2024 ยท EMD 32/100 ยท close 454.00 28 Jun 2024 ยท EMD 32/100 ยท close 444.50 5 Jul 2024 ยท EMD 33/100 ยท close 458.15 12 Jul 2024 ยท EMD 30/100 ยท close 446.75 19 Jul 2024 ยท EMD 28/100 ยท close 443.75 26 Jul 2024 ยท EMD 27/100 ยท close 431.05 2 Aug 2024 ยท EMD 30/100 ยท close 444.40 9 Aug 2024 ยท EMD 26/100 ยท close 423.35 16 Aug 2024 ยท EMD 24/100 ยท close 404.00 23 Aug 2024 ยท EMD 32/100 ยท close 423.40 30 Aug 2024 ยท EMD 26/100 ยท close 415.55 6 Sep 2024 ยท EMD 26/100 ยท close 403.50 13 Sep 2024 ยท EMD 37/100 ยท close 415.95 20 Sep 2024 ยท EMD 32/100 ยท close 424.30 27 Sep 2024 ยท EMD 29/100 ยท close 409.55 4 Oct 2024 ยท EMD 30/100 ยท close 400.15 11 Oct 2024 ยท EMD 31/100 ยท close 411.10 18 Oct 2024 ยท EMD 28/100 ยท close 412.25 25 Oct 2024 ยท EMD 41/100 ยท close 420.75 1 Nov 2024 ยท EMD 39/100 ยท close 419.35 8 Nov 2024 ยท EMD 41/100 ยท close 412.05 15 Nov 2024 ยท EMD 36/100 ยท close 390.20 22 Nov 2024 ยท EMD 30/100 ยท close 363.90 29 Nov 2024 ยท EMD 30/100 ยท close 381.75 6 Dec 2024 ยท EMD 30/100 ยท close 386.95 13 Dec 2024 ยท EMD 28/100 ยท close 375.35 20 Dec 2024 ยท EMD 29/100 ยท close 362.65 27 Dec 2024 ยท EMD 24/100 ยท close 351.60 3 Jan 2025 ยท EMD 24/100 ยท close 340.60 10 Jan 2025 ยท EMD 23/100 ยท close 327.80 17 Jan 2025 ยท EMD 26/100 ยท close 321.95 24 Jan 2025 ยท EMD 22/100 ยท close 303.30 31 Jan 2025 ยท EMD 20/100 ยท close 283.40 7 Feb 2025 ยท EMD 30/100 ยท close 301.30 14 Feb 2025 ยท EMD 22/100 ยท close 257.80 21 Feb 2025 ยท EMD 23/100 ยท close 256.45 28 Feb 2025 ยท EMD 23/100 ยท close 237.30 7 Mar 2025 ยท EMD 25/100 ยท close 243.34 14 Mar 2025 ยท EMD 21/100 ยท close 218.18 21 Mar 2025 ยท EMD 23/100 ยท close 213.00 28 Mar 2025 ยท EMD 18/100 ยท close 194.07 4 Apr 2025 ยท EMD 25/100 ยท close 203.91 11 Apr 2025 ยท EMD 29/100 ยท close 203.53 18 Apr 2025 ยท EMD 32/100 ยท close 222.95 25 Apr 2025 ยท EMD 28/100 ยท close 217.37 2 May 2025 ยท EMD 26/100 ยท close 208.50 9 May 2025 ยท EMD 24/100 ยท close 194.57 16 May 2025 ยท EMD 36/100 ยท close 232.17 23 May 2025 ยท EMD 45/100 ยท close 273.25 30 May 2025 ยท EMD 42/100 ยท close 263.29 6 Jun 2025 ยท EMD 38/100 ยท close 236.45 13 Jun 2025 ยท EMD 39/100 ยท close 235.45 20 Jun 2025 ยท EMD 32/100 ยท close 221.80 27 Jun 2025 ยท EMD 40/100 ยท close 234.80 4 Jul 2025 ยท EMD 43/100 ยท close 237.90 11 Jul 2025 ยท EMD 38/100 ยท close 229.43 18 Jul 2025 ยท EMD 42/100 ยท close 228.87 25 Jul 2025 ยท EMD 37/100 ยท close 223.70 1 Aug 2025 ยท EMD 38/100 ยท close 220.01 8 Aug 2025 ยท EMD 35/100 ยท close 208.02 15 Aug 2025 ยท EMD 33/100 ยท close 207.25 22 Aug 2025 ยท EMD 50/100 ยท close 249.51 29 Aug 2025 ยท EMD 35/100 ยท close 223.01 5 Sep 2025 ยท EMD 66/100 ยท close 271.91 12 Sep 2025 ยท EMD 63/100 ยท close 279.20 19 Sep 2025 ยท EMD 58/100 ยท close 266.81 26 Sep 2025 ยท EMD 55/100 ยท close 240.93 3 Oct 2025 ยท EMD 58/100 ยท close 241.91 10 Oct 2025 ยท EMD 52/100 ยท close 235.70 17 Oct 2025 ยท EMD 48/100 ยท close 227.25 24 Oct 2025 ยท EMD 51/100 ยท close 230.30 31 Oct 2025 ยท EMD 55/100 ยท close 240.81 7 Nov 2025 ยท EMD 46/100 ยท close 227.85 14 Nov 2025 ยท EMD 47/100 ยท close 229.26 21 Nov 2025 ยท EMD 35/100 ยท close 210.68 28 Nov 2025 ยท EMD 33/100 ยท close 207.23 5 Dec 2025 ยท EMD 29/100 ยท close 200.61 12 Dec 2025 ยท EMD 29/100 ยท close 195.79 19 Dec 2025 ยท EMD 30/100 ยท close 195.39 26 Dec 2025 ยท EMD 36/100 ยท close 209.20 2 Jan 2026 ยท EMD 34/100 ยท close 208.10 9 Jan 2026 ยท EMD 28/100 ยท close 192.72 16 Jan 2026 ยท EMD 26/100 ยท close 185.39 23 Jan 2026 ยท EMD 23/100 ยท close 168.33 30 Jan 2026 ยท EMD 27/100 ยท close 174.06 6 Feb 2026 ยท EMD 25/100 ยท close 165.99 13 Feb 2026 ยท EMD 23/100 ยท close 165.50 20 Feb 2026 ยท EMD 22/100 ยท close 162.23 27 Feb 2026 ยท EMD 19/100 ยท close 150.59 6 Mar 2026 ยท EMD 21/100 ยท close 140.84 13 Mar 2026 ยท EMD 23/100 ยท close 143.09 20 Mar 2026 ยท EMD 26/100 ยท close 143.09 27 Mar 2026 ยท EMD 22/100 ยท close 133.42 3 Apr 2026 ยท EMD 31/100 ยท close 139.66 10 Apr 2026 ยท EMD 46/100 ยท close 183.43 17 Apr 2026 ยท EMD 37/100 ยท close 183.81 24 Apr 2026 ยท EMD 46/100 ยท close 185.59 1 May 2026 ยท EMD 46/100 ยท close 178.82 8 May 2026 ยท EMD 47/100 ยท close 182.71 15 May 2026 ยท EMD 46/100 ยท close 177.46 22 May 2026 ยท EMD 43/100 ยท close 171.54 29 May 2026 ยท EMD 53/100 ยท close 185.25 5 Jun 2026 ยท EMD 52/100 ยท close 180.87 12 Jun 2026 ยท EMD 51/100 ยท close 176.65 19 Jun 2026 ยท EMD 51/100 ยท close 175.28 26 Jun 2026 ยท EMD 73/100 ยท close 213.03 3 Jul 2026 ยท EMD 58/100 ยท close 183.64 10 Jul 2026 ยท EMD 61/100 ยท close 181.29 17 Jul 2026 ยท EMD 56/100 ยท close 174.86 24 Jul 2026 ยท EMD 49/100 ยท close 165.18 31 Jul 2026 ยท EMD 41/100 ยท close 165.53 7 Aug 2026 ยท EMD 42/100 ยท close 167.03 14 Aug 2026 ยท EMD 35/100 ยท close 162.39 21 Aug 2026 ยท EMD 34/100 ยท close 158.54 28 Aug 2026 ยท EMD 29/100 ยท close 153.01 4 Sep 2026 ยท EMD 34/100 ยท close 154.62 6 Oct 2023 ยท Down-cycle confirmed ยท close 577.28 8 Dec 2023 ยท Down-cycle confirmed ยท close 584.45 29 Dec 2023 ยท Down-cycle confirmed ยท close 576.05 10 Apr 2026 ยท Up-cycle confirmed ยท close 183.43 29 May 2026 ยท Up-cycle confirmed ยท close 185.25 15 Sep 202314 Mar 20254 Sep 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 9%Current EMD -32.94-week EMD change -16.4156-week price range INR 133.42โ€“639.55

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Each state uses completed-week information available at that point.

01

Lower zone

Price establishes residence near the bottom of its long-cycle range. Improving EMD separates early repair from continued deterioration.

02

Upward journey

Price leaves the lower zone while EMD confirms improving participation. The objective is the broader move toward the upper zone, not a short weekly trade.

03

Upper zone

Price establishes residence near the top of its long-cycle range. This is the profit-harvest area, with EMD watched for exhaustion and loss of support.

04

Downward journey

Price leaves the upper zone while EMD weakens. The reverse cycle remains active until lower-zone residence is confirmed again.

CURRENT READINGS

What the latest week shows

Completed-week values

01

Underlying pressure

28/100-0.59

Cautious pressure beneath price
4-week change -0.33

02

Trend and deviation

8/100-7.9% vs Trend Line

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

31/1004w -7.4% ยท 13w -14.5%

Momentum is applying downside pressure
SMI 0.08

04

Price-volume pressure

41/10041% constructive pressure

Volume is leaning against the close
Volume ratio 1.94x

05

Relative leadership

8/100-14.70

The ticker is lagging its benchmark
4-week change -1.56

06

Modeled Trend

75/100Modeled Trend 0.47

Modeled Trend is supportive
Smoothed Modeled Trend 0.36

Evidence context