Weekly structural research · NSI · Basic Materials

PLASTIBLEN Stage Analysis

Plastiblends India Limited

Week ending 25 Sep 2026Close INR 202.99Tenure NewBenchmark ^NSEI

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Deceleration · Recompressing

The upward structure remains, but its energy is decelerating.

Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down.

The Trend gate is up within the current regime.
Fast Activity versus Slow Activity: weakening.
Activity structure: compressed and contracting.

Direction 69−100 bearish to +100 bullish

Energy 42/100directional strength

Maturity 55/100lifecycle context

Confidence 61/100evidence agreement

Trend gate Upstructural direction

Activity structure Compressedcontracting separation

Price acceptance +33.3%position within the Activity structure

Fair Value context -8.1%INR 220.83 · improving

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
2026-09-25	202.99	170.75	28.06	280062	Deceleration	69	42
2026-09-18	186.63	168.88	17.11	56686	Upward Expansion	42	30
2026-09-11	192.78	167.72	20.81	168644	Upward Expansion	62	44
2026-09-04	187.91	166.45	15.44	125831	Upward Expansion	58	49
2026-08-28	189.56	165.39	15.11	110486	Upward Expansion	63	61
2026-08-21	191.54	164.06	15.98	29163	Upward Expansion	64	78
2026-08-14	196.17	162.62	18.31	44465	Upward Expansion	78	85
2026-08-07	194.71	161.28	16.58	40091	Upward Expansion	79	84
2026-07-31	183.34	160.03	10.65	21690	Upward Expansion	66	78
2026-07-24	186.01	159.45	15.13	75608	Upward Expansion	66	70
2026-07-17	195.58	158.70	18.23	110376	Upward Expansion	85	78
2026-07-10	182.77	157.58	11.07	26062	Upward Expansion	73	61
2026-07-03	176.02	156.93	6.47	36346	Upward Expansion	64	50
2026-06-26	176.34	156.52	7.32	0	Upward Expansion	67	55
2026-06-19	173.52	156.29	5.57	8290	Upward Expansion	63	52
2026-06-12	174.20	156.10	7.46	32926	Rotation Up	66	52
2026-06-05	172.92	156.02	7.60	7383	Rotation Up	38	40
2026-05-29	172.02	156.09	5.83	146512	Rotation Up	39	57
2026-05-22	169.81	156.38	3.33	109888	Rotation Up	30	52
2026-05-15	163.02	156.69	-0.66	196940	Rotation Up	25	42
2026-05-08	177.52	157.16	5.56	290608	Downward Expansion	43	45
2026-05-01	167.22	157.37	0.19	1277496	Downward Expansion	4	23
2026-04-24	152.63	158.07	-8.30	29866	Downward Expansion	-26	21
2026-04-17	153.36	159.17	-9.96	35764	Downward Expansion	-39	32
2026-04-10	141.49	160.53	-16.22	39696	Downward Expansion	-64	56
2026-04-03	129.52	162.35	-19.18	42005	Downward Expansion	-71	80
2026-03-27	126.51	164.53	-21.89	104369	Downward Expansion	-83	90
2026-03-20	133.82	166.60	-18.88	114749	Downward Expansion	-76	83
2026-03-13	134.56	168.50	-19.11	48880	Downward Expansion	-81	80
2026-03-06	138.00	170.29	-21.93	63070	Downward Expansion	-81	60
2026-02-27	146.80	172.04	-19.98	34956	Downward Expansion	-71	50
2026-02-20	152.01	173.41	-18.98	24031	Downward Expansion	-62	48
2026-02-13	154.57	174.82	-17.92	55214	Downward Expansion	-62	52
2026-02-06	156.07	176.35	-18.43	30830	Downward Expansion	-63	61
2026-01-30	149.71	178.09	-21.33	21702	Downward Expansion	-73	75
2026-01-23	148.42	180.09	-21.91	37012	Downward Expansion	-81	66
2026-01-16	156.03	182.05	-20.70	43625	Downward Expansion	-73	57
2026-01-09	157.14	183.65	-20.86	58602	Downward Expansion	-75	57
2026-01-02	166.03	185.14	-19.26	32055	Downward Expansion	-63	52
2025-12-26	163.42	186.85	-20.41	19644	Downward Expansion	-66	62
2025-12-19	161.88	188.55	-21.66	16834	Downward Expansion	-72	65
2025-12-12	163.26	189.60	-21.98	39001	Downward Expansion	-73	71
2025-12-05	163.76	190.59	-22.93	27584	Downward Expansion	-75	75
2025-11-28	169.62	190.96	-21.14	26025	Downward Expansion	-68	71
2025-11-21	167.72	191.38	-22.29	27744	Downward Expansion	-77	75
2025-11-14	171.79	192.12	-20.51	32789	Downward Expansion	-73	70
2025-11-07	174.94	192.57	-18.41	38791	Downward Expansion	-71	72
2025-10-31	180.85	192.53	-17.13	32473	Downward Expansion	-62	68
2025-10-24	179.09	192.53	-18.77	25499	Balance	-67	69
2025-10-17	177.15	192.49	-19.93	86438	Balance	-46	57
2025-10-10	183.62	193.05	-16.35	51667	Balance	-35	38
2025-10-03	188.41	192.98	-13.65	34032	Balance	-26	17
2025-09-26	185.54	193.19	-14.90	42255	Balance	-13	9
2025-09-19	194.25	193.26	-14.02	67837	Balance	2	5
2025-09-12	196.00	193.51	-13.29	62921	Balance	-1	6
2025-09-05	194.84	193.73	-13.48	75434	Balance	-15	22
2025-08-29	188.62	194.81	-16.17	19186	Balance	-20	33
2025-08-22	190.95	196.10	-17.74	60443	Balance	-25	31
2025-08-15	188.20	197.12	-18.98	22256	Balance	-27	29
2025-08-08	190.47	198.48	-17.76	76976	Balance	-31	25
2025-08-01	187.99	200.14	-20.22	89244	Balance	-15	15
2025-07-25	194.29	201.98	-19.22	80487	Balance	-0	4
2025-07-18	200.40	203.51	-17.84	167854	Balance	12	12
2025-07-11	208.27	204.85	-15.91	127349	Balance	16	17
2025-07-04	209.77	206.52	-17.03	90313	Balance	18	18
2025-06-27	207.10	208.73	-19.24	80626	Balance	-3	25
2025-06-20	204.09	209.99	-19.18	79736	Balance	-2	21
2025-06-13	201.87	210.88	-19.28	136962	Balance	-4	22
2025-06-06	217.45	212.19	-14.53	230106	Balance	8	23
2025-05-30	214.33	213.55	-15.21	304582	Downward Expansion	-10	13
2025-05-23	193.32	214.73	-24.15	50022	Downward Expansion	-40	27
2025-05-16	193.06	216.31	-25.19	61655	Downward Expansion	-44	31
2025-05-09	174.91	218.89	-29.87	43051	Downward Expansion	-66	44
2025-05-02	182.10	222.71	-28.55	59174	Downward Expansion	-61	45
2025-04-25	189.95	226.31	-25.13	72678	Downward Expansion	-59	47
2025-04-18	185.16	230.05	-26.96	42351	Downward Expansion	-63	54
2025-04-11	173.95	234.11	-28.79	72164	Downward Expansion	-71	58
2025-04-04	180.66	239.37	-26.82	118968	Downward Expansion	-68	58
2025-03-28	178.08	244.55	-30.27	252919	Downward Expansion	-73	62
2025-03-21	193.79	250.45	-23.91	92322	Downward Expansion	-65	70
2025-03-14	181.69	254.52	-25.95	149712	Downward Expansion	-77	81
2025-03-07	194.47	257.92	-21.60	82950	Downward Expansion	-70	78
2025-02-28	187.76	261.44	-23.21	34768	Downward Expansion	-80	77
2025-02-21	201.68	265.39	-20.37	37607	Downward Expansion	-74	63
2025-02-14	202.74	268.85	-20.86	42100	Downward Expansion	-78	65
2025-02-07	227.18	271.98	-14.25	36367	Downward Expansion	-62	52
2025-01-31	227.18	274.66	-14.60	51085	Downward Expansion	-63	56
2025-01-24	221.61	276.81	-15.75	53177	Downward Expansion	-72	62
2025-01-17	229.09	278.11	-13.98	106425	Downward Expansion	-67	52
2025-01-10	240.27	279.38	-11.18	67209	Downward Expansion	-60	48
2025-01-03	243.24	280.11	-12.75	91889	Downward Expansion	-57	38
2024-12-27	240.10	280.25	-13.86	35269	Downward Expansion	-51	31
2024-12-20	240.70	280.38	-13.26	52328	Downward Expansion	-52	31
2024-12-13	258.42	280.69	-11.76	73122	Downward Expansion	-44	31
2024-12-06	275.87	280.75	-5.94	63132	Downward Expansion	-57	41
2024-11-29	245.07	279.94	-14.98	49054	Rotation Down	-61	59
2024-11-22	230.67	280.72	-19.89	22639	Rotation Down	-45	58
2024-11-15	241.20	281.87	-15.70	24626	Rotation Down	-41	59
2024-11-08	258.21	282.30	-12.63	44923	Rotation Down	-26	53
2024-11-01	249.87	282.45	-16.63	28504	Rotation Down	-32	54
2024-10-25	240.77	283.16	-19.71	45042	Balance	-39	45
2024-10-18	270.27	282.67	-12.80	145477	Balance	-6	19
2024-10-11	289.55	281.60	-7.34	86828	Upward Expansion	19	19
2024-10-04	290.24	279.56	-7.48	53794	Upward Expansion	29	17
2024-09-27	302.00	278.42	-7.97	106529	Upward Expansion	51	30
2024-09-20	306.84	276.96	-5.12	98255	Upward Expansion	58	45
2024-09-13	331.80	275.65	4.42	151073	Upward Expansion	61	64
2024-09-06	336.05	273.87	8.21	2294240	Upward Expansion	68	54
2024-08-30	355.03	272.35	12.97	1511860	Upward Expansion	84	56
2024-08-23	316.04	270.40	2.57	522937	Upward Expansion	71	45
2024-08-16	283.62	269.88	-6.75	119162	Upward Expansion	59	42
2024-08-09	300.12	270.09	-0.60	253333	Upward Expansion	63	65
2024-08-02	306.25	270.17	0.15	204729	Rotation Up	68	76
2024-07-26	305.41	270.75	-0.41	169756	Rotation Up	45	68
2024-07-19	296.67	270.12	-1.81	621568	Rotation Up	41	62
2024-07-12	307.58	269.66	2.13	523559	Rotation Up	43	59
2024-07-05	291.74	269.15	-1.96	326219	Balance	34	31
2024-06-28	260.60	269.44	-10.96	67264	Balance	-18	11
2024-06-21	267.18	271.07	-6.59	116537	Balance	-15	10
2024-06-14	262.31	272.44	-7.90	123567	Downward Expansion	-47	28
2024-06-07	247.20	273.21	-12.32	76881	Downward Expansion	-53	35
2024-05-31	244.08	275.04	-10.35	49538	Downward Expansion	-59	36
2024-05-24	249.98	275.78	-9.66	53282	Downward Expansion	-52	26
2024-05-17	260.36	276.07	-3.53	51137	Downward Expansion	-32	16
2024-05-10	251.54	276.05	-4.66	61822	Downward Expansion	-39	19
2024-05-03	268.45	276.10	0.24	160787	Downward Expansion	-31	22
2024-04-26	265.28	274.56	-0.26	107720	Downward Expansion	-34	26
2024-04-19	254.12	273.41	-2.79	76849	Rotation Down	-43	27
2024-04-12	262.50	272.48	-0.79	115574	Rotation Down	-30	28
2024-04-05	271.27	271.31	3.04	232882	Rotation Down	-35	48
2024-03-29	226.09	269.73	-12.92	129981	Rotation Down	-49	70
2024-03-22	238.08	269.92	-7.07	97289	Rotation Down	-44	66
2024-03-15	228.48	269.55	-10.17	188358	Rotation Down	-44	62
2024-03-08	256.07	269.29	-1.15	110082	Deceleration	-29	43
2024-03-01	257.92	268.04	0.69	116132	Deceleration	-9	21
2024-02-23	267.67	266.75	5.58	116660	Deceleration	-0	10
2024-02-16	278.44	264.79	11.33	116067	Deceleration	28	14
2024-02-09	290.48	262.60	18.29	178449	Deceleration	38	21
2024-02-02	296.52	259.14	21.29	182408	Upward Expansion	50	29
2024-01-26	300.52	255.54	26.90	539399	Upward Expansion	54	37
2024-01-19	289.94	251.82	22.10	311126	Upward Expansion	53	37
2024-01-12	302.52	248.14	26.83	1029257	Deceleration	55	39
2024-01-05	323.47	244.03	37.86	821189	Deceleration	72	45
2023-12-29	286.68	239.14	23.19	156466	Upward Expansion	45	34
2023-12-22	282.63	235.28	24.47	274551	Upward Expansion	59	48
2023-12-15	292.43	231.29	29.12	139046	Upward Expansion	64	58
2023-12-08	300.32	226.96	36.68	250842	Upward Expansion	66	67
2023-12-01	309.68	222.43	47.15	318356	Upward Expansion	77	85
2023-11-24	308.27	217.69	51.58	321717	Upward Expansion	82	85
2023-11-17	285.21	212.65	42.18	296892	Upward Expansion	72	76
2023-11-10	302.08	208.24	54.24	1358774	Upward Expansion	88	87
2023-11-03	266.30	203.37	38.69	567805	Upward Expansion	74	78
2023-10-27	258.65	199.60	36.82	279870	Upward Expansion	71	67
2023-10-20	259.97	195.78	34.76	835421	Upward Expansion	78	64
2023-10-13	253.00	191.88	30.38	1409436	Upward Expansion	75	50
2023-10-06	222.20	188.40	15.18	120733	Upward Expansion	56	40

Price vs TrendAbove+18.9%

Trend directionRising+7.6%

Price vs current Fair ValueBelow anchor-8.1%

Fair Value directionClosing upward+12.9%

Relative Strength vs benchmarkLeading+28.1%

Relative strength directionImproving+20.7%

Price momentumPositive+60.5%

Volume balanceDemand-led1.47×

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

69 / ±100

+6.4 points since 2026-08-28

Energy

42 /100

-19.2 points since 2026-08-28

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

PLASTIBLEN Directional State ↗ PLASTIBLEN Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance37

Rotation Up45

Upward Expansion74

Deceleration74

Rotation Down25

Downward Expansion5

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

2023-10-06 to 2026-09-25 · 156 classified observations out of 156 shown.

Balance 17%Rotation Up 6%Upward Expansion 26%Deceleration 5%Rotation Down 7%Downward Expansion 40%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Deceleration	2026-09-25	2026-09-25	New	+0.0%
Upward Expansion	2026-06-19	2026-09-18	Established	+7.6%
Rotation Up	2026-05-15	2026-06-12	Developing	+6.9%
Downward Expansion	2025-10-31	2026-05-08	Extended	-1.8%
Balance	2025-06-06	2025-10-24	Established	-17.6%
Downward Expansion	2024-12-06	2025-05-30	Established	-22.3%
Rotation Down	2024-11-01	2024-11-29	Developing	-1.9%
Balance	2024-10-18	2024-10-25	New	-10.9%
Upward Expansion	2024-08-09	2024-10-11	Developing	-3.5%
Rotation Up	2024-07-12	2024-08-02	New	-0.4%
Balance	2024-06-21	2024-07-05	New	+9.2%
Downward Expansion	2024-04-26	2024-06-14	Developing	-1.1%
Rotation Down	2024-03-15	2024-04-19	Developing	+11.2%
Deceleration	2024-02-09	2024-03-08	Developing	-11.8%

Classic Stage Analysis comparison

Stage 1 · Basing40

Stage 2 · Advancing44

Stage 3 · Distribution31

Stage 4 · Declining0

Legacy result: Stage 1 · Stage 1C · Breakout 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

Leading benchmark

Architecture confirmation: 92/100
Current Relative Strength: 28.06
Relative Strength direction: Improving
Price momentum: +60.5%
Excess performance vs benchmark: +59.0%
Basic Materials regime cohort: 98th percentile48 in cohort

Test PLASTIBLEN trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume3.44×

Latest completed volume relative to typical participation.

Up/down volume1.47×

Participation balance between advancing and declining observations.

Accumulation / distribution3 / 2

Recent participation evidence classified by demand and supply.

Activity alignment+100.0%

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 PLASTIBLEN Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity INR 193.68rising

Slow Activity INR 182.00rising

Trend Reference INR 170.75+18.9% close margin

Current Fair Value INR 220.83-8.1% close margin

Structural low INR 121.01shock / repair context

What changes the read?

Renewed positive order and expanding width produce re-acceleration; fast/slow failure with downside acceptance produces Rotation Down.

Range context +6.2%

Annualized volatility +31.5%

From structural high -3.2%

From structural low +67.7%

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	5	-3.3%-11.8% to +5.9%	+40.0%	+40.0%	-7.5%	+20.0%	Usable descriptive sample
Intermediate	3	-16.1%-16.7% to -12.1%	+0.0%	+0.0%	-19.3%	+0.0%	Too little matched history
Extended	3	-19.9%-21.7% to -9.8%	+0.0%	+0.0%	-20.2%	+0.0%	Too little matched history
Full cycle	3	-13.9%-24.8% to +36.1%	+33.3%	+33.3%	-16.5%	+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.

PLASTIBLEN Stage Analysis

What the Activity Line geometry says now

The upward structure remains, but its energy is decelerating.

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

The upward structure remains, but its energy is decelerating.

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