Weekly structural research · NSI · Real Estate

PANSARI Stage Analysis

Pansari Developers Limited

Week ending 2 Oct 2026Close INR 260.00Tenure NewBenchmark ^NSEI

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Rotation Down · Supply rotation

The Activity Line structure is rotating downward.

Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion.

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

Direction -41−100 bearish to +100 bullish

Energy 57/100directional strength

Maturity 14/100lifecycle context

Confidence 74/100evidence agreement

Trend gate Mixedstructural direction

Activity structure Moderateexpanding separation

Price acceptance -83.3%position within the Activity structure

Fair Value context +30.0%INR 200.07 · 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	260.00	297.72	-3.45	2163	Rotation Down	-41	57
2026-09-25	289.95	298.86	4.54	1766	Rotation Down	-20	30
2026-09-18	284.95	299.30	2.07	2244	Deceleration	-25	29
2026-09-11	281.50	299.65	0.84	8136	Deceleration	-27	26
2026-09-04	300.05	300.60	5.44	4092	Deceleration	14	19
2026-08-28	306.55	300.47	6.77	234	Deceleration	27	23
2026-08-21	317.55	299.90	10.50	678	Upward Expansion	35	23
2026-08-14	311.70	299.12	8.30	1023	Upward Expansion	42	27
2026-08-07	322.75	298.83	11.79	2534	Upward Expansion	58	55
2026-07-31	323.90	298.40	13.73	2353	Upward Expansion	61	71
2026-07-24	355.20	297.61	28.73	1923	Upward Expansion	68	75
2026-07-17	360.65	296.07	28.77	4649	Upward Expansion	70	70
2026-07-10	362.85	294.03	31.26	445241	Balance	72	59
2026-07-03	313.50	292.18	14.01	111928	Balance	16	15
2026-06-26	286.25	292.09	5.53	0	Balance	-19	8
2026-06-19	301.25	292.54	11.84	5353	Balance	-9	6
2026-06-12	276.15	292.89	4.80	224	Balance	-35	21
2026-06-05	284.55	292.83	9.58	171858	Balance	-30	19
2026-05-29	299.50	292.22	14.89	215600	Balance	-20	10
2026-05-22	260.00	290.80	-0.53	47806	Balance	-52	21
2026-05-15	264.80	290.42	1.90	24258	Balance	-7	13
2026-05-08	321.15	290.09	21.43	3057	Balance	52	36
2026-05-01	299.30	287.95	15.22	55665	Balance	8	13
2026-04-24	316.45	286.57	23.42	7137	Rotation Down	14	8
2026-04-17	282.40	285.10	9.13	1440	Rotation Down	-27	34
2026-04-10	273.00	284.81	7.75	943	Rotation Down	-29	47
2026-04-03	257.25	284.76	8.41	1711	Rotation Down	-29	49
2026-03-27	260.25	285.17	10.08	1144	Balance	-28	38
2026-03-20	276.10	285.70	16.29	119076	Balance	4	12
2026-03-13	282.05	285.76	19.65	721	Balance	9	7
2026-03-06	294.35	284.23	19.14	2716	Balance	33	17
2026-02-27	303.00	282.11	20.11	6913	Balance	45	22
2026-02-20	295.65	279.86	16.58	909	Balance	32	15
2026-02-13	310.00	278.09	23.68	12186	Upward Expansion	40	17
2026-02-06	296.00	276.22	17.78	2120	Upward Expansion	31	15
2026-01-30	289.45	274.99	17.12	1740	Upward Expansion	35	18
2026-01-23	294.30	273.90	21.09	2901	Upward Expansion	38	22
2026-01-16	302.75	271.69	22.18	2722	Upward Expansion	52	31
2026-01-09	310.00	269.37	26.11	2738	Upward Expansion	58	35
2026-01-02	300.10	266.87	20.16	3663	Upward Expansion	55	36
2025-12-26	309.15	265.20	25.98	2103	Upward Expansion	61	43
2025-12-19	299.50	263.19	23.27	2248	Upward Expansion	60	54
2025-12-12	307.35	261.04	27.00	4876	Upward Expansion	65	70
2025-12-05	310.65	257.90	28.68	2859	Upward Expansion	70	71
2025-11-28	299.80	253.42	25.40	11087	Upward Expansion	64	63
2025-11-21	311.60	249.49	32.26	116482	Deceleration	74	56
2025-11-14	274.50	245.41	18.30	3741	Deceleration	52	24
2025-11-07	266.25	241.75	17.44	3765	Deceleration	34	15
2025-10-31	256.90	238.04	12.92	3885	Deceleration	26	16
2025-10-24	248.50	234.67	9.83	3118	Deceleration	26	18
2025-10-17	255.05	231.72	14.15	3233	Deceleration	38	20
2025-10-10	256.95	228.89	18.25	44090	Upward Expansion	45	31
2025-10-03	257.80	226.40	21.90	16977	Upward Expansion	60	44
2025-09-26	272.50	223.52	31.74	94666	Upward Expansion	65	53
2025-09-19	273.45	219.41	30.46	4507	Upward Expansion	66	71
2025-09-12	271.60	216.03	32.49	11475	Upward Expansion	67	80
2025-09-05	269.65	213.92	35.31	14955	Upward Expansion	69	79
2025-08-29	275.95	213.15	42.14	1395	Upward Expansion	81	77
2025-08-22	278.00	210.54	42.73	4261	Deceleration	83	53
2025-08-15	236.13	207.96	24.28	6370	Deceleration	40	27
2025-08-08	230.79	206.30	24.19	153	Upward Expansion	46	35
2025-08-01	235.50	204.55	27.09	566	Upward Expansion	61	52
2025-07-25	242.54	203.21	31.04	606	Upward Expansion	63	59
2025-07-18	254.00	201.82	37.97	821	Upward Expansion	66	58
2025-07-11	259.00	199.74	41.84	1114	Upward Expansion	74	59
2025-07-04	256.88	197.75	41.22	2270	Upward Expansion	79	60
2025-06-27	228.00	194.87	26.44	1390	Upward Expansion	63	67
2025-06-20	232.95	192.87	33.62	81	Upward Expansion	66	87
2025-06-13	235.02	191.22	38.84	1530	Upward Expansion	67	88
2025-06-06	250.00	189.16	48.22	3158	Upward Expansion	84	94
2025-05-30	248.95	187.22	51.78	12162	Upward Expansion	90	90
2025-05-23	235.01	183.92	45.32	6670	Balance	77	76
2025-05-16	213.15	180.46	33.15	52305	Balance	45	37
2025-05-09	176.20	177.40	16.33	14650	Balance	1	10
2025-05-02	181.90	175.73	19.64	21119	Balance	-1	5
2025-04-25	189.26	173.70	27.33	83203	Rotation Down	-2	9
2025-04-18	164.48	171.89	12.80	21112	Rotation Down	-30	37
2025-04-11	155.00	170.61	12.06	1975	Rotation Down	-27	38
2025-04-04	155.85	169.85	13.25	1395	Rotation Down	-27	34
2025-03-28	160.15	169.08	14.18	3992	Deceleration	-24	29
2025-03-21	170.00	168.17	23.37	1363	Deceleration	1	19
2025-03-14	182.28	166.68	39.50	6868	Upward Expansion	5	21
2025-03-07	171.45	164.77	32.17	15146	Upward Expansion	7	17
2025-02-28	149.09	163.19	18.44	12395	Upward Expansion	11	9
2025-02-21	172.05	162.22	33.71	27181	Upward Expansion	47	34
2025-02-14	208.31	161.17	62.44	217604	Upward Expansion	59	59
2025-02-07	246.55	157.74	90.22	13856	Upward Expansion	85	67
2025-01-31	197.62	153.02	56.00	8380	Upward Expansion	59	37
2025-01-24	200.64	149.94	63.43	56080	Upward Expansion	64	40
2025-01-17	186.36	146.56	53.25	2183	Upward Expansion	57	40
2025-01-10	178.27	143.78	46.87	5070	Upward Expansion	60	47
2025-01-03	195.38	141.12	58.82	4510	Upward Expansion	64	56
2024-12-27	200.70	137.57	66.47	6381	Upward Expansion	72	58
2024-12-20	191.77	133.75	63.24	16903	Upward Expansion	69	55
2024-12-13	199.14	130.26	64.09	16843	Upward Expansion	81	62
2024-12-06	170.55	126.54	43.26	6998	Upward Expansion	64	58
2024-11-29	168.00	123.78	45.96	5799	Upward Expansion	67	83
2024-11-22	183.33	121.38	62.78	7940	Upward Expansion	78	89
2024-11-15	173.50	118.45	58.83	30844	Upward Expansion	76	85
2024-11-08	191.58	115.67	73.41	45182	Upward Expansion	90	86
2024-11-01	150.14	112.40	37.18	10046	Deceleration	74	45
2024-10-25	131.21	110.76	21.65	6767	Deceleration	41	19
2024-10-18	121.25	109.04	10.09	1961	Deceleration	35	18
2024-10-11	125.95	107.78	14.25	3336	Upward Expansion	40	23
2024-10-04	121.22	106.41	10.33	2719	Upward Expansion	44	29
2024-09-27	134.77	105.64	17.54	9408	Upward Expansion	64	44
2024-09-20	126.26	104.43	12.16	7784	Upward Expansion	60	45
2024-09-13	132.00	103.82	19.38	5562	Upward Expansion	65	49
2024-09-06	133.00	102.60	22.86	5028	Upward Expansion	68	51
2024-08-30	132.81	101.51	20.87	11765	Upward Expansion	72	52
2024-08-23	125.30	100.47	15.62	7270	Upward Expansion	64	51
2024-08-16	125.00	99.68	15.92	7497	Upward Expansion	68	75
2024-08-09	123.82	99.02	14.44	25820	Upward Expansion	69	75
2024-08-02	120.13	98.36	9.00	82190	Upward Expansion	67	74
2024-07-26	140.49	97.91	27.14	76614	Rotation Up	95	88
2024-07-19	105.55	96.23	-2.79	18339	Rotation Up	38	56
2024-07-12	104.76	95.51	-3.45	68702	Rotation Up	29	53
2024-07-05	105.20	94.95	-2.42	69137	Balance	29	45
2024-06-28	99.50	94.30	-6.60	20565	Balance	15	22
2024-06-21	102.72	93.62	-1.65	44832	Balance	19	16
2024-06-14	98.67	92.89	-5.48	72223	Balance	-21	10
2024-06-07	88.85	92.16	-14.45	11745	Balance	-22	29
2024-05-31	86.10	91.92	-14.66	17816	Balance	-25	33
2024-05-24	87.10	91.59	-15.62	1729	Balance	-23	22
2024-05-17	87.30	91.17	-13.97	14670	Balance	-21	11
2024-05-10	87.85	90.91	-12.19	8584	Balance	19	8
2024-05-03	96.00	90.50	-6.23	9299	Balance	32	16
2024-04-26	95.55	90.04	-6.70	9876	Balance	29	18
2024-04-19	90.15	89.71	-11.21	16518	Balance	8	7
2024-04-12	93.30	89.79	-9.96	34135	Balance	9	12
2024-04-05	100.85	90.01	-2.86	46905	Balance	-2	16
2024-03-29	79.80	90.12	-22.58	7287	Balance	-25	32
2024-03-22	83.55	91.27	-18.46	9696	Balance	-20	20
2024-03-15	84.75	92.66	-17.50	23452	Balance	14	10
2024-03-08	98.00	94.66	-7.06	6588	Balance	9	11
2024-03-01	98.60	95.31	-6.26	16875	Rotation Up	11	13
2024-02-23	107.90	94.86	2.74	138588	Rotation Up	34	24
2024-02-16	95.50	94.19	-8.38	30475	Rotation Up	14	16
2024-02-09	100.30	93.92	-2.65	24221	Rotation Up	29	29
2024-02-02	101.40	93.49	-1.60	30697	Rotation Up	24	43
2024-01-26	101.75	93.05	1.37	17742	Rotation Up	25	55
2024-01-19	105.30	92.55	3.92	62539	Rotation Up	32	56
2024-01-12	103.75	91.90	1.50	41774	Rotation Up	32	47
2024-01-05	106.75	91.44	5.63	148349	Downward Expansion	37	32
2023-12-29	90.10	90.83	-10.65	28831	Downward Expansion	-19	18
2023-12-22	84.00	90.78	-15.24	30744	Downward Expansion	-32	19
2023-12-15	87.90	90.98	-11.96	24184	Downward Expansion	-34	20
2023-12-08	85.70	91.02	-12.41	171846	Downward Expansion	-41	25
2023-12-01	79.15	91.20	-16.58	184899	Downward Expansion	-45	34
2023-11-24	80.75	91.52	-13.18	17259	Downward Expansion	-57	41
2023-11-17	76.70	91.92	-17.50	208458	Downward Expansion	-62	49
2023-11-10	81.70	92.28	-11.10	28220	Rotation Down	-60	46
2023-11-03	76.25	92.32	-16.48	156194	Rotation Down	-36	46
2023-10-27	74.50	92.57	-17.99	55027	Rotation Down	-31	48
2023-10-20	79.45	92.77	-15.14	177308	Rotation Down	-25	45
2023-10-13	75.50	93.06	-20.51	42950	Deceleration	-32	39

Price vs TrendBelow-12.7%

Trend directionRising+0.0%

Price vs current Fair ValuePremium+30.0%

Fair Value directionMoving away-42.0%

Relative Strength vs benchmarkLagging-3.5%

Relative strength directionWeakening-17.5%

Price momentumPositive+1.1%

Volume balanceDemand-led16.60×

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

-41 / ±100

-54.8 points since 2026-09-04

Energy

57 /100

+37.7 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.

PANSARI Directional State ↗ PANSARI Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance22

Rotation Up15

Upward Expansion25

Deceleration50

Rotation Down73

Downward Expansion55

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 25%Rotation Up 7%Upward Expansion 42%Deceleration 12%Rotation Down 9%Downward Expansion 5%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Rotation Down	2026-09-25	2026-10-02	New	-10.3%
Deceleration	2026-08-28	2026-09-18	New	-7.0%
Upward Expansion	2026-07-17	2026-08-21	Developing	-12.0%
Balance	2026-05-01	2026-07-10	Developing	+21.2%
Rotation Down	2026-04-03	2026-04-24	New	+23.0%
Balance	2026-02-20	2026-03-27	Developing	-12.0%
Upward Expansion	2025-11-28	2026-02-13	Developing	+3.4%
Deceleration	2025-10-17	2025-11-21	Developing	+22.2%
Upward Expansion	2025-08-29	2025-10-10	Developing	-6.9%
Deceleration	2025-08-15	2025-08-22	New	+17.7%
Upward Expansion	2025-05-30	2025-08-08	Developing	-7.3%
Balance	2025-05-02	2025-05-23	New	+29.2%
Rotation Down	2025-04-04	2025-04-25	New	+21.4%
Deceleration	2025-03-21	2025-03-28	New	-5.8%

Classic Stage Analysis comparison

Stage 1 · Basing40

Stage 2 · Advancing30

Stage 3 · Distribution73

Stage 4 · Declining70

Legacy result: Stage 3 · Stage 3C · Breakdown watch. 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

Lagging benchmark

Architecture confirmation: 49/100
Current Relative Strength: -3.45
Relative Strength direction: Weakening
Price momentum: +1.1%
Excess performance vs benchmark: +2.4%
Real Estate regime cohort: 55th percentile11 in cohort

Test PANSARI trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.04×

Latest completed volume relative to typical participation.

Up/down volume16.60×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 0

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+12.5%

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 PANSARI Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity INR 278.51falling

Slow Activity INR 302.65falling

Trend Reference INR 297.72-12.7% close margin

Current Fair Value INR 200.07+30.0% close margin

Structural low INR 238.35shock / repair context

What changes the read?

Complete bearish ordering below the Trend Line confirms Downward Expansion; a repaired fast/slow cross and upside acceptance cancel the failure.

Range context +10.3%

Annualized volatility +55.7%

From structural high -33.1%

From structural low +11.4%

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	4	+6.4%-9.0% to +16.7%	+50.0%	+50.0%	+3.0%	+0.0%	Too little matched history
Intermediate	4	+27.2%-21.1% to +64.8%	+75.0%	+25.0%	+18.5%	+0.0%	Too little matched history
Extended	4	+7.3%-16.5% to +65.4%	+75.0%	+25.0%	+1.2%	+25.0%	Too little matched history
Full cycle	3	+52.6%-18.0% to +65.1%	+66.7%	+33.3%	+25.4%	+33.3%	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.

PANSARI Stage Analysis

What the Activity Line geometry says now

The Activity Line structure is rotating downward.

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

Lagging 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

The Activity Line structure is rotating downward.

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 ?

Lagging 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