Weekly structural research · NSI · Consumer Defensive

BCLIND Stage Analysis

BCL Industries Limited

Week ending 2 Oct 2026Close INR 31.24Tenure NewBenchmark ^NSEI

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Balance · Upper balance after advance

Directional pressure has compressed into balance.

Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base.

The Trend gate is mixed within the current regime.
Fast Activity versus Slow Activity: weakening.
Activity structure: moderate and expanding.

Direction -39−100 bearish to +100 bullish

Energy 55/100directional strength

Maturity 12/100lifecycle context

Confidence 75/100evidence agreement

Trend gate Mixedstructural direction

Activity structure Moderateexpanding separation

Price acceptance -33.3%position within the Activity structure

Fair Value context -32.1%INR 46.00 · weakening

Trend Architecture map · Historical context

Weekly close, Activity, Trend and Fair Value

Follow price and Trend first, then add Activity Lines to inspect the structure. Subtle bands show the regime recognized at each completed observation; the dashed line marks current Fair Value, not a historical forecast.

CloseTrendCurrent Fair Value

Background stage key

BalanceDirection is contained.
Rotation UpStructure is turning higher.
Upward ExpansionUptrend is established.
DecelerationUptrend is losing energy.
Rotation DownStructure is turning lower.
Downward ExpansionDowntrend is established.

View chart values · 156 observations

Week	Close	Trend	Relative Strength	Volume	Regime	Direction	Energy
2026-10-02	31.24	33.93	2.09	1522592	Balance	-39	55
2026-09-25	33.72	33.81	6.37	3264662	Balance	1	18
2026-09-18	33.06	33.65	3.08	2165792	Balance	-4	14
2026-09-11	33.82	33.51	4.92	2206994	Upward Expansion	17	11
2026-09-04	36.23	33.37	9.82	2464986	Upward Expansion	50	27
2026-08-28	36.35	33.10	8.74	402479	Upward Expansion	53	32
2026-08-21	36.11	32.81	7.51	547534	Upward Expansion	53	33
2026-08-14	35.63	32.53	5.30	515345	Upward Expansion	54	35
2026-08-07	36.96	32.34	8.03	367622	Upward Expansion	61	40
2026-07-31	36.74	32.11	7.84	2439931	Upward Expansion	58	34
2026-07-24	35.74	31.98	7.23	595940	Upward Expansion	53	32
2026-07-17	36.47	31.86	6.46	791067	Upward Expansion	59	33
2026-07-10	34.24	31.70	0.12	326575	Upward Expansion	53	34
2026-07-03	36.52	31.64	6.16	1577877	Upward Expansion	61	53
2026-06-26	34.15	31.49	0.02	0	Upward Expansion	56	42
2026-06-19	37.15	31.44	8.67	527224	Upward Expansion	66	44
2026-06-12	37.79	31.39	12.24	1451996	Rotation Up	73	42
2026-06-05	33.45	31.39	0.26	817117	Rotation Up	43	26
2026-05-29	32.64	31.57	-3.23	5398991	Rotation Up	30	28
2026-05-22	34.87	31.81	2.24	3145825	Rotation Up	37	50
2026-05-15	33.51	31.97	-1.59	3452643	Rotation Up	37	62
2026-05-08	36.04	32.15	3.27	3939054	Rotation Up	39	68
2026-05-01	35.69	32.30	2.99	3882356	Rotation Up	40	52
2026-04-24	33.95	32.49	-1.65	4820418	Downward Expansion	14	33
2026-04-17	33.46	32.72	-5.12	2799794	Downward Expansion	9	21
2026-04-10	32.40	32.97	-7.31	6477934	Downward Expansion	-19	14
2026-04-03	29.10	33.23	-12.15	3013210	Downward Expansion	-60	45
2026-03-27	26.79	33.60	-19.87	4203758	Downward Expansion	-68	57
2026-03-20	27.10	34.03	-20.33	3011042	Downward Expansion	-68	58
2026-03-13	27.01	34.52	-21.23	3060985	Downward Expansion	-74	60
2026-03-06	27.74	34.98	-23.90	3100588	Downward Expansion	-70	55
2026-02-27	28.64	35.48	-24.34	2220418	Downward Expansion	-64	56
2026-02-20	28.91	35.97	-25.27	2235485	Downward Expansion	-64	58
2026-02-13	29.74	36.49	-23.39	5907762	Downward Expansion	-66	63
2026-02-06	28.04	36.96	-28.80	2481492	Downward Expansion	-70	80
2026-01-30	27.80	37.41	-29.15	2874739	Downward Expansion	-77	84
2026-01-23	27.74	37.85	-29.31	2630067	Downward Expansion	-85	72
2026-01-16	29.72	38.33	-26.98	1562454	Downward Expansion	-78	68
2026-01-09	30.25	38.70	-26.52	2017364	Downward Expansion	-79	69
2026-01-02	32.74	39.12	-23.16	2065430	Downward Expansion	-66	68
2025-12-26	32.24	39.42	-24.27	1859115	Downward Expansion	-68	86
2025-12-19	31.66	39.73	-26.17	2005691	Downward Expansion	-76	90
2025-12-12	32.33	39.99	-25.68	3040516	Downward Expansion	-77	91
2025-12-05	32.11	40.24	-27.35	2936600	Downward Expansion	-86	94
2025-11-28	32.56	40.38	-27.25	3166286	Downward Expansion	-90	89
2025-11-21	35.54	40.53	-21.14	2913503	Downward Expansion	-83	76
2025-11-14	37.95	40.62	-16.07	2344714	Balance	-69	61
2025-11-07	38.83	40.67	-13.44	922621	Balance	-33	42
2025-10-31	39.90	40.60	-12.64	2550880	Balance	-24	32
2025-10-24	39.66	40.52	-14.16	1772602	Balance	-25	24
2025-10-17	38.87	40.38	-16.20	3065405	Balance	-23	15
2025-10-10	40.43	40.38	-12.06	1376033	Balance	17	8
2025-10-03	41.42	40.28	-9.17	1603188	Balance	20	10
2025-09-26	40.95	40.25	-9.90	6728999	Balance	9	10
2025-09-19	40.84	40.08	-13.02	2143172	Balance	6	14
2025-09-12	40.23	40.02	-14.37	1687619	Balance	5	14
2025-09-05	40.32	39.92	-13.57	2419563	Balance	7	15
2025-08-29	39.74	40.13	-14.28	1664871	Balance	16	16
2025-08-22	41.59	40.35	-12.48	2191237	Upward Expansion	35	16
2025-08-15	40.76	40.51	-13.92	3817745	Upward Expansion	49	28
2025-08-08	42.76	40.81	-9.41	1983945	Rotation Up	56	51
2025-08-01	43.59	40.93	-9.03	3199877	Rotation Up	32	42
2025-07-25	44.27	41.15	-9.19	15859546	Rotation Up	38	34
2025-07-18	43.97	41.35	-10.89	3556176	Balance	40	28
2025-07-11	41.60	41.60	-16.64	2247816	Balance	-3	9
2025-07-04	40.97	42.00	-19.25	2361237	Balance	-2	16
2025-06-27	42.05	42.51	-18.10	2992376	Balance	2	24
2025-06-20	40.95	42.98	-19.00	3469149	Balance	-2	19
2025-06-13	42.89	43.38	-14.41	5704601	Balance	5	20
2025-06-06	41.72	43.69	-18.20	4326316	Balance	-5	15
2025-05-30	41.36	44.19	-18.50	7272337	Downward Expansion	-18	12
2025-05-23	39.62	44.72	-22.67	3652975	Downward Expansion	-39	25
2025-05-16	39.72	45.19	-23.52	4783392	Downward Expansion	-42	29
2025-05-09	36.43	45.72	-27.47	2231590	Downward Expansion	-58	36
2025-05-02	36.84	46.43	-28.38	1709766	Downward Expansion	-50	35
2025-04-25	38.50	47.10	-24.87	3243146	Downward Expansion	-45	34
2025-04-18	39.38	47.73	-23.23	2005100	Downward Expansion	-58	44
2025-04-11	36.68	48.57	-25.89	2372684	Downward Expansion	-61	48
2025-04-04	37.45	49.35	-25.27	2951804	Downward Expansion	-60	49
2025-03-28	35.51	49.97	-31.67	8421444	Downward Expansion	-71	55
2025-03-21	39.01	50.72	-25.03	4653918	Downward Expansion	-63	56
2025-03-14	37.39	51.31	-25.73	4154204	Downward Expansion	-69	65
2025-03-07	40.27	52.05	-21.16	5960976	Downward Expansion	-67	79
2025-02-28	35.99	52.70	-28.97	3520401	Downward Expansion	-84	90
2025-02-21	39.17	53.48	-26.04	12729862	Downward Expansion	-78	82
2025-02-14	37.14	54.23	-31.30	6624902	Downward Expansion	-91	85
2025-02-07	46.49	54.76	-17.72	2712799	Downward Expansion	-65	57
2025-01-31	46.52	54.92	-18.40	4345034	Downward Expansion	-68	70
2025-01-24	46.43	55.11	-17.96	4327299	Downward Expansion	-72	72
2025-01-17	49.52	55.30	-13.84	4972139	Downward Expansion	-62	69
2025-01-10	46.39	55.50	-20.77	4277804	Downward Expansion	-80	78
2025-01-03	50.31	55.83	-16.97	3392995	Downward Expansion	-65	65
2024-12-27	50.27	55.87	-17.20	2685917	Balance	-68	55
2024-12-20	51.57	55.88	-14.83	9885331	Balance	-34	21
2024-12-13	53.57	55.95	-16.31	4299351	Balance	-25	16
2024-12-06	56.20	55.99	-12.48	3644798	Balance	-19	17
2024-11-29	56.03	56.02	-11.54	5463975	Balance	-13	19
2024-11-22	52.86	56.01	-15.96	2251589	Balance	-21	25
2024-11-15	52.45	56.19	-15.69	4462448	Balance	-23	28
2024-11-08	56.69	56.33	-11.65	6490147	Balance	-9	11
2024-11-01	57.24	56.44	-11.57	9716883	Balance	-9	12
2024-10-25	53.73	56.60	-16.69	9322251	Balance	-17	18
2024-10-18	55.68	56.66	-16.26	4977749	Balance	20	14
2024-10-11	57.47	56.78	-14.18	10224449	Balance	31	16
2024-10-04	56.95	56.74	-15.33	13659970	Balance	43	26
2024-09-27	57.56	57.16	-18.47	32961905	Balance	19	21
2024-09-20	64.42	57.73	-7.71	45457727	Balance	40	30
2024-09-13	60.24	58.20	-12.35	18588084	Balance	17	9
2024-09-06	56.03	58.92	-17.00	6717095	Balance	-22	10
2024-08-30	57.90	59.51	-15.65	15286820	Balance	-6	10
2024-08-23	56.89	59.99	-15.86	22616800	Balance	-3	15
2024-08-16	59.56	60.48	-10.93	26041794	Balance	-1	21
2024-08-09	59.72	60.84	-9.99	8459908	Balance	-2	18
2024-08-02	59.38	61.27	-11.69	9283460	Downward Expansion	-7	12
2024-07-26	61.62	61.77	-8.71	48792928	Downward Expansion	-18	13
2024-07-19	53.18	61.90	-20.11	9341666	Downward Expansion	-56	42
2024-07-12	51.35	62.32	-22.89	4102433	Downward Expansion	-65	46
2024-07-05	52.06	62.82	-21.39	5288513	Downward Expansion	-63	41
2024-06-28	52.31	63.51	-20.23	4374791	Downward Expansion	-63	42
2024-06-21	55.35	63.55	-14.00	6088876	Downward Expansion	-58	43
2024-06-14	56.42	63.59	-12.39	22206572	Downward Expansion	-62	57
2024-06-07	51.40	63.64	-19.70	5543154	Downward Expansion	-68	68
2024-05-31	50.65	63.65	-18.43	4923783	Downward Expansion	-74	70
2024-05-24	53.62	63.60	-15.37	7487403	Downward Expansion	-69	62
2024-05-17	54.71	63.49	-11.83	4656697	Deceleration	-39	47
2024-05-10	57.04	63.38	-6.41	10536094	Deceleration	-31	31
2024-05-03	56.00	63.21	-9.66	6355175	Deceleration	-36	32
2024-04-26	58.22	63.11	-5.72	4484511	Rotation Down	-31	29
2024-04-19	56.69	62.93	-6.90	3112442	Rotation Down	-28	42
2024-04-12	59.71	62.81	-3.47	5293396	Rotation Down	-21	46
2024-04-05	62.23	62.62	0.83	7441280	Rotation Down	-22	37
2024-03-29	55.60	62.17	-8.90	4566562	Upward Expansion	-31	39
2024-03-22	59.21	61.93	-1.79	4088862	Upward Expansion	-5	22
2024-03-15	56.24	61.46	-6.19	25176199	Upward Expansion	8	12
2024-03-08	69.50	61.08	13.66	4286091	Upward Expansion	57	41
2024-03-01	74.79	60.27	23.68	8341957	Upward Expansion	61	46
2024-02-23	78.31	59.26	31.12	9609817	Upward Expansion	65	50
2024-02-16	82.02	58.12	39.44	32231317	Upward Expansion	77	54
2024-02-09	73.56	56.96	27.81	18123069	Upward Expansion	64	46
2024-02-02	72.47	56.04	26.57	8360425	Upward Expansion	62	49
2024-01-26	71.48	55.28	28.83	6178790	Upward Expansion	63	53
2024-01-19	70.49	54.55	26.42	3370034	Upward Expansion	62	53
2024-01-12	72.57	53.86	29.28	10263301	Upward Expansion	72	62
2024-01-05	74.20	53.06	34.36	18769365	Upward Expansion	78	74
2023-12-29	65.64	52.21	20.32	3262675	Upward Expansion	64	76
2023-12-22	65.79	51.54	23.98	7243277	Upward Expansion	67	76
2023-12-15	66.33	50.85	25.82	14275797	Upward Expansion	74	79
2023-12-08	72.62	50.15	42.08	45234389	Upward Expansion	89	81
2023-12-01	53.52	49.14	9.56	3629955	Upward Expansion	55	50
2023-11-24	56.59	48.76	19.23	7163175	Upward Expansion	64	48
2023-11-17	57.88	48.27	23.45	10540637	Deceleration	69	36
2023-11-10	51.69	47.76	13.08	5759099	Deceleration	37	17
2023-11-03	49.22	47.45	9.63	4164749	Deceleration	36	18
2023-10-27	50.26	47.20	13.74	6383733	Upward Expansion	43	27
2023-10-20	51.56	46.81	14.54	5257930	Upward Expansion	57	40
2023-10-13	51.85	46.42	14.71	5870390	Upward Expansion	61	57

Price vs TrendBelow-7.9%

Trend directionRising+6.1%

Price vs current Fair ValueBelow anchor-32.1%

Fair Value directionMoving away-9.6%

Relative Strength vs benchmarkLeading+2.1%

Relative strength directionWeakening-4.1%

Price momentumPositive+7.4%

Volume balanceSupply-led0.80×

Beyond the current label

Is the structure strengthening or losing force?

Direction and energy measure different things

Direction shows the upward or downward lean. Energy shows the force behind the structural move: high energy can accompany a strong decline as well as an advance.

Direction

-39 / ±100

-89.1 points since 2026-09-04

Energy

55 /100

+28.0 points since 2026-09-04

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

BCLIND Directional State ↗ BCLIND Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance24

Rotation Up20

Upward Expansion29

Deceleration46

Rotation Down71

Downward Expansion51

The winning regime is the state most consistent with the complete SM evidence set. Direction, energy, maturity and confidence describe different aspects of the current structure, while contradictory evidence remains visible rather than being averaged into false certainty.

Time spent in each state

The context behind today’s regime

2023-10-13 to 2026-10-02 · 156 classified observations out of 156 shown.

Balance 28%Rotation Up 6%Upward Expansion 24%Deceleration 4%Rotation Down 3%Downward Expansion 36%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Balance	2026-09-18	2026-10-02	New	-5.5%
Upward Expansion	2026-06-19	2026-09-11	Established	-9.0%
Rotation Up	2026-05-01	2026-06-12	Developing	+5.9%
Downward Expansion	2025-11-21	2026-04-24	Established	-4.5%
Balance	2025-08-29	2025-11-14	Developing	-4.5%
Upward Expansion	2025-08-15	2025-08-22	New	+2.0%
Rotation Up	2025-07-25	2025-08-08	New	-3.4%
Balance	2025-06-06	2025-07-18	Developing	+5.4%
Downward Expansion	2025-01-03	2025-05-30	Established	-17.8%
Balance	2024-08-09	2024-12-27	Established	-15.8%
Downward Expansion	2024-05-24	2024-08-02	Developing	+10.7%
Deceleration	2024-05-03	2024-05-17	New	-2.3%
Rotation Down	2024-04-05	2024-04-26	New	-6.4%
Upward Expansion	2023-11-24	2024-03-29	Established	-1.7%

Classic Stage Analysis comparison

Stage 1 · Basing43

Stage 2 · Advancing44

Stage 3 · Distribution33

Stage 4 · Declining43

Legacy result: Stage 1 · Stage 1A · Bottoming. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^NSEI

Is relative performance confirming the geometry?

Confirmation, not classification

Relative Strength

The security is compared with its market benchmark on the SM scale. Above zero indicates relative leadership; direction shows whether that leadership is improving or weakening.

Confirmation evidence

Leading benchmark

Architecture confirmation: 46/100
Current Relative Strength: 2.09
Relative Strength direction: Weakening
Price momentum: +7.4%
Excess performance vs benchmark: +8.6%
Consumer Defensive regime cohort: 89th percentile19 in cohort

Test BCLIND trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.00×

Latest completed volume relative to typical participation.

Up/down volume0.80×

Participation balance between advancing and declining observations.

Accumulation / distribution2 / 3

Recent participation evidence classified by demand and supply.

Activity alignment+50.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+25.0%

Whether recent Activity evidence is stable or remains in balance.

Weekly volume with architecture context

Bars show completed weekly volume; the dashed line provides typical-volume context. Both measures use the same scale.

Explore BCLIND Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity INR 32.94falling

Slow Activity INR 34.81falling

Trend Reference INR 33.93-7.9% close margin

Current Fair Value INR 46.00-32.1% close margin

Structural low INR 29.07shock / repair context

What changes the read?

Persistent fast/slow separation and fan expansion would end Balance; direction determines whether it becomes Rotation Up or Rotation Down.

Range context +6.6%

Annualized volatility +39.0%

From structural high -25.1%

From structural low +22.4%

Point-in-time evidence

What followed this architecture in this market?

Descriptive history, never a forecast

Historical comparisons use only the structural read that would have been available at each completed observation. Independent observations are used where possible, with benchmark comparison beginning after each recognized state.

Outcome horizon	Samples	Median move	Positive periods	Directional follow-through	Median excess vs ^NSEI	Regime survived	Read
Near term	15	-2.1%-20.2% to +29.5%	+40.0%	+40.0%	-2.0%	+66.7%	Usable descriptive sample
Intermediate	6	-4.2%-20.4% to +29.1%	+33.3%	+33.3%	-3.2%	+33.3%	Usable descriptive sample
Extended	4	+2.9%-23.0% to +83.0%	+50.0%	+50.0%	+4.4%	+0.0%	Too little matched history
Full cycle	3	-8.5%-28.4% to +91.0%	+33.3%	+33.3%	-7.5%	+0.0%	Too little matched history

Evidence framework

What the analysis measures and where its limits lie

Trend Architecture

Trend Architecture brings Price, Fast Activity, Slow Activity and Trend into one structural read. It identifies balance, rotation, expansion, deceleration and contraction while requiring persistent evidence for confirmed regime changes.

Evidence roles

Trend, Activity, relative strength, volume and Fair Value each have a defined role in the SM evidence framework. No single reading is treated as sufficient on its own, and conflicting evidence remains visible.

Fair Value and RS

Current Fair Value provides a long-term price anchor and shows whether price is trading above, below or repairing toward that reference. Relative Strength compares the security with its benchmark and shows whether leadership is improving or weakening.

Known limitations

Weekly structure recognizes conditions after they develop. Event gaps can bypass smooth transitions, sideways markets can rotate repeatedly, and historical samples for a particular regime can be thin.

Independent market research for education. Not investment advice, a recommendation, a forecast, a target, or an execution instruction. Historical regime behaviour does not establish what happens next.

BCLIND Stage Analysis

What the Activity Line geometry says now

Directional pressure has compressed into balance.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength

Leading benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Send a message

Evidence context

What the Activity Line geometry says now

Directional pressure has compressed into balance.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength ?

Leading benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

Test the structure from another angle

Trend Persistence ↗

Directional State ↗

Momentum Intelligence ↗

Similar Charts ↗

RMI Reversal Map ↗

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Relative Strength

Trend Persistence

Directional State

Momentum Intelligence

Similar Charts

RMI Reversal Map