NSI · EQUITY · ENHANCED MARKET DYNAMICS

SOBHA

Sobha Limited

IN · Real Estate · Real Estate - Development

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EMD SCORE28/100

CURRENT COMPLETED-WEEK READ

Defensive

The latest completed-week readings are broadly cautious. Conditions are cautious and have weakened over the latest four completed weeks.

Deterioration67% directional agreement89/100 evidence quality6/6 sources available

Completed week: 9 Oct 2026
Latest close: INR 1,161.70
Evidence: 156 weeks

Four-week EMD change-6.8 pts

signed chart scale −100 to +100

Four-week price-4.5%

completed closing prices

Current directional run10 weeks

on the same side of EMD zero

Recent consistency3/13

recent readings above zero

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

1 supportive · 5 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks · bars use the left EMD axis; price uses the right axis.

20 Oct 2023–9 Oct 2026

Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation

Confirmation markers describe price-zone departures within this saved history. Earlier markers can change as the history changes; they are not a record of signals available in real time.

Cycle position 8%Current EMD -44.54-week EMD change -6.8Full saved history price range INR 703.52–2,115.39

View chart values · 156 observations

Week	Close · INR	EMD −100 to +100	Score /100	Agreement %	Coverage %
2023-10-20	737.65	59.36	80	60	83
2023-10-27	703.52	71.46	86	100	83
2023-11-03	764.80	79.39	90	100	83
2023-11-10	820.25	73.64	87	100	100
2023-11-17	872.02	77.29	89	100	100
2023-11-24	892.84	77.61	89	100	100
2023-12-01	945.90	80.03	90	100	100
2023-12-08	1,028.21	84.01	92	100	100
2023-12-15	1,016.20	74.61	87	100	100
2023-12-22	1,023.87	78.85	89	100	100
2023-12-29	982.17	68.59	84	100	100
2024-01-05	1,264.66	86.32	93	100	100
2024-01-12	1,343.62	80.62	90	100	100
2024-01-19	1,447.15	80.96	90	100	100
2024-01-26	1,376.61	78.09	89	100	100
2024-02-02	1,409.34	77.14	89	100	100
2024-02-09	1,413.08	74.02	87	100	100
2024-02-16	1,437.74	76.97	88	100	100
2024-02-23	1,454.98	75.47	88	100	100
2024-03-01	1,592.28	78.91	89	100	100
2024-03-08	1,510.92	73.4	87	100	100
2024-03-15	1,239.00	51.39	76	67	100
2024-03-22	1,471.76	75.07	88	100	100
2024-03-29	1,443.57	55.4	78	100	100
2024-04-05	1,549.44	61.06	81	100	100
2024-04-12	1,595.57	62.29	81	100	100
2024-04-19	1,572.65	58.32	79	100	100
2024-04-26	1,746.28	69.96	85	100	100
2024-05-03	1,849.36	67.43	84	100	100
2024-05-10	1,690.88	53.41	77	67	100
2024-05-17	1,855.89	75.4	88	100	100
2024-05-24	1,939.68	75.7	88	100	100
2024-05-31	1,893.00	58.17	79	67	100
2024-06-07	2,078.54	81.09	91	100	100
2024-06-14	2,115.39	79.67	90	100	100
2024-06-21	2,051.53	73.1	87	100	100
2024-06-28	1,949.65	63.4	82	67	100
2024-07-05	2,013.97	68.04	84	100	100
2024-07-12	1,944.87	60.74	80	100	100
2024-07-19	1,840.29	47.3	74	67	100
2024-07-26	1,796.00	34.5	67	50	100
2024-08-02	1,728.29	19.16	60	0	100
2024-08-09	1,705.03	23.03	62	50	100
2024-08-16	1,715.11	23.13	62	50	100
2024-08-23	1,684.62	11.63	56	20	100
2024-08-30	1,686.42	-0.15	50	20	100
2024-09-06	1,706.78	2.77	51	20	100
2024-09-13	1,770.40	12.01	56	20	100
2024-09-20	1,983.73	47.99	74	67	100
2024-09-27	1,963.67	34.18	67	33	100
2024-10-04	1,787.32	19.81	60	33	100
2024-10-11	1,705.73	5.05	53	20	100
2024-10-18	1,736.42	-4.39	48	20	100
2024-10-25	1,546.30	-30.01	35	67	100
2024-11-01	1,597.30	-15.27	42	33	100
2024-11-08	1,588.51	-25.28	37	67	100
2024-11-15	1,531.03	-30.02	35	60	100
2024-11-22	1,626.09	-5.82	47	0	100
2024-11-29	1,665.76	-7.7	46	20	100
2024-12-06	1,651.09	-20.2	40	33	100
2024-12-13	1,580.73	-30.34	35	60	100
2024-12-20	1,538.51	-43.6	28	67	100
2024-12-27	1,599.09	-25.94	37	33	100
2025-01-03	1,542.60	-38.82	31	67	100
2025-01-10	1,368.10	-49.7	25	67	100
2025-01-17	1,295.89	-47.06	26	60	100
2025-01-24	1,134.26	-56.97	22	67	100
2025-01-31	1,323.19	-31.4	34	33	100
2025-02-07	1,284.61	-56.83	22	67	100
2025-02-14	1,158.66	-50.19	25	67	100
2025-02-21	1,189.00	-31.55	34	20	100
2025-02-28	1,198.23	-44.08	28	60	100
2025-03-07	1,239.40	-36.97	32	33	100
2025-03-14	1,201.18	-39.21	30	50	100
2025-03-21	1,269.14	-29.29	35	20	100
2025-03-28	1,222.34	-41.15	29	67	100
2025-04-04	1,188.65	-43.15	28	67	100
2025-04-11	1,124.93	-38.56	31	60	100
2025-04-18	1,193.24	-30.03	35	33	100
2025-04-25	1,252.23	-20.54	40	20	100
2025-05-02	1,312.51	-11.9	44	20	100
2025-05-09	1,221.89	-19.22	40	20	100
2025-05-16	1,369.80	0.37	50	33	100
2025-05-23	1,371.69	0.74	50	20	100
2025-05-30	1,430.18	15.71	58	60	100
2025-06-06	1,676.29	56.35	78	100	100
2025-06-13	1,559.62	27.74	64	60	100
2025-06-20	1,485.77	15.95	58	33	100
2025-06-27	1,452.23	12.13	56	33	100
2025-07-04	1,516.71	41.98	71	67	100
2025-07-11	1,499.90	29.92	65	33	100
2025-07-18	1,695.20	80.85	90	100	100
2025-07-25	1,613.80	54.54	77	67	100
2025-08-01	1,584.50	59.85	80	100	100
2025-08-08	1,512.10	45.75	73	67	100
2025-08-15	1,534.10	45.4	73	100	100
2025-08-22	1,478.60	23.92	62	33	100
2025-08-29	1,430.00	14.92	57	33	100
2025-09-05	1,407.60	2.49	51	33	100
2025-09-12	1,569.00	35.24	68	67	100
2025-09-19	1,595.20	36.06	68	60	100
2025-09-26	1,542.20	30.58	65	33	100
2025-10-03	1,470.30	15.93	58	20	100
2025-10-10	1,452.00	6.53	53	20	100
2025-10-17	1,525.80	27.15	64	50	100
2025-10-24	1,534.70	19.21	60	33	100
2025-10-31	1,618.60	50.56	75	100	100
2025-11-07	1,701.20	67.72	84	100	100
2025-11-14	1,573.80	32.11	66	67	100
2025-11-21	1,529.10	23.63	62	60	100
2025-11-28	1,537.30	28.31	64	100	100
2025-12-05	1,537.80	22.9	61	100	100
2025-12-12	1,449.60	-10.96	45	60	100
2025-12-19	1,465.10	-4.67	48	20	100
2025-12-26	1,479.60	-7.61	46	50	100
2026-01-02	1,490.60	-1.27	49	0	100
2026-01-09	1,557.20	13.6	57	20	100
2026-01-16	1,527.30	4.74	52	0	100
2026-01-23	1,381.80	-21.75	39	67	100
2026-01-30	1,450.20	-4.11	48	0	100
2026-02-06	1,514.50	-1.26	49	20	100
2026-02-13	1,524.90	-0.89	50	20	100
2026-02-20	1,514.00	5.06	53	33	100
2026-02-27	1,395.10	-27.79	36	60	100
2026-03-06	1,357.10	-25.15	37	60	100
2026-03-13	1,294.40	-33.26	33	67	100
2026-03-20	1,267.20	-34.14	33	60	100
2026-03-27	1,227.50	-35.72	32	60	100
2026-04-03	1,156.80	-46.93	27	67	100
2026-04-10	1,299.90	-24.29	38	33	100
2026-04-17	1,332.20	-21.37	39	20	100
2026-04-24	1,417.00	2.22	51	20	100
2026-05-01	1,433.40	-1.33	49	20	100
2026-05-08	1,425.40	-11.76	44	0	100
2026-05-15	1,397.30	-1.2	49	33	100
2026-05-22	1,376.90	-8.8	46	20	100
2026-05-29	1,418.00	1.98	51	50	100
2026-06-05	1,337.12	-13.78	43	50	100
2026-06-12	1,327.46	-12.9	44	33	100
2026-06-19	1,413.11	4.18	52	50	100
2026-06-26	1,402.25	2.78	51	50	83
2026-07-03	1,437.01	13.69	57	50	100
2026-07-10	1,511.30	37.97	69	100	100
2026-07-17	1,462.00	23.39	62	100	100
2026-07-24	1,362.30	4.55	52	20	100
2026-07-31	1,372.20	0.06	50	0	100
2026-08-07	1,339.00	-13.84	43	60	100
2026-08-14	1,328.20	-16.31	42	60	100
2026-08-21	1,294.60	-20.77	40	60	100
2026-08-28	1,270.20	-25.94	37	60	100
2026-09-04	1,263.80	-22.26	39	60	100
2026-09-11	1,216.80	-37.64	31	67	100
2026-09-18	1,215.20	-22.74	39	33	100
2026-09-25	1,226.60	-29.69	35	67	100
2026-10-02	1,213.10	-20.93	40	33	100
2026-10-09	1,161.70	-44.49	28	67	100

SIX SOURCES · LAST 26 OBSERVATIONS

Is support broadening or thinning?

Green is supportive, rose is cautious.
Grey means the reading is unavailable.

Reading	17 Apr	24 Apr	1 May	8 May	15 May	22 May	29 May	5 Jun	12 Jun	19 Jun	26 Jun	3 Jul	10 Jul	17 Jul	24 Jul	31 Jul	7 Aug	14 Aug	21 Aug	28 Aug	4 Sep	11 Sep	18 Sep	25 Sep	2 Oct	9 Oct
Trend	7	23	27	26	19	16	28	12	12	33	32	42	57	48	22	26	19	18	11	9	9	5	5	7	6	3
Momentum	53	72	70	62	55	42	53	43	48	67	62	79	80	67	47	44	37	39	44	38	44	38	37	41	37	33
Underlying pressure	13	21	33	49	60	58	59	53	52	56	58	64	75	80	76	69	52	37	31	26	23	23	24	24	25	25
Price & volume	60	80	48	5	51	48	52	48	52	51	—	48	63	46	59	53	44	48	46	46	55	20	63	39	58	10
Relative strength	25	54	56	50	50	42	57	38	32	50	46	52	73	59	41	35	25	26	21	17	19	16	17	22	29	17
Modeled Trend	59	59	59	59	60	59	58	58	57	57	61	62	66	70	73	74	77	77	78	77	75	73	70	68	67	66

Each cell is a finished component score from 0–100. Components can disagree even when the combined reading stays positive.

STRONGEST CURRENT SOURCE

Modeled Trend

66/100

LEAST SUPPORTIVE SOURCE

Trend

3/100

WHAT WOULD CHANGE THE READ?

Three paths to keep in view

Conditional research scenarios.
No assumed price target or timing.

Continuation

Price and evidence stay together

Further price weakness alongside cautious trend, pressure and relative strength would support the current defensive read.

Change of direction

Repair needs follow-through

Improving EMD while price still falls is an early observation. A turn in price and broader agreement would strengthen a repair case.

Cycle context

A range extreme is a location

An upper zone can persist during a strong advance; a lower zone can persist during a decline. Use departures, EMD direction and the related price charts together.

EARLIER COMPARABLE READINGS

What followed similar conditions?

Same ticker · similar score and direction of change.
Returns exclude costs and dividends.

4 WEEKS LATER-3.5%

Median price return · 8 non-overlapping examples

Observed range: -13.5% to +15.4%
Positive returns: 38%
All-period comparison: -3.8% median

13 WEEKS LATER+1.6%

Median price return · 3 non-overlapping examples

Observed range: -26.6% to +10.4%
Positive returns: 67%
All-period comparison: -4.9% median

How these comparisons are selected

Earlier observations must have the same constructive/fading/repair/deterioration condition, a score within ten points of today’s score and at least the same component coverage. The first 30 observations are omitted for warm-up; examples are spaced by the forward horizon to avoid overlap. Gapped return windows are excluded. The all-period comparison uses the same available history and spacing, without matching the current state. These are reconstructed observations, not a point-in-time strategy backtest or a forecast.

RECENT CYCLE HISTORY

How the current reading developed

10 Apr 2026Up-cycle confirmedINR 1,299.90

25 Apr 2025Up-cycle confirmedINR 1,252.23

14 Mar 2025Up-cycle confirmedINR 1,201.18

24 Jan 2025Lower cycle zone confirmedINR 1,134.26

11 Oct 2024Down-cycle confirmedINR 1,705.73

19 Jul 2024Down-cycle confirmedINR 1,840.29

12 Apr 2024Upper cycle zone confirmedINR 1,595.57

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Cycle states use trailing completed-week observations.

Lower zone

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

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.

Upper zone

Price establishes residence near the top of its long-cycle range. A high range position can persist. Watch EMD for exhaustion and loss of support before interpreting it as a turn.

Downward journey

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

CURRENT READINGS