The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
52
technical evidence
out of 100
out of 100
Week Ending: 18 September 2026
India IN Communication Services Industry
Entertainment
For the week ending 18 September 2026, Entertainment declined 0.28% with 8 advancing, 19 declining, and 0 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.
Current architecture
Deceleration
The positive Trend gate remains, but fan energy or fast-line momentum is cooling.
52
technical evidence
Index2873.20
1 week-0.28%
Breadth30%
Members27
Country
🇮🇳 India · IN
Sector
Communication Services
Universe
country-listed
Price basis
Adjusted weekly close
Trend architecture
Index, activity fan and structural anchors
Rolling 156-week evidence. Trend Signal points mark weeks when price, trend and the activity fan confirmed together.
Index Value
Trend Line
Fair Value
Activity Lines
Constructive architecture
Transitional architecture
Defensive architecture
Current architecture
Deceleration
2 completed weeks in this state
Trend acceptance
1.2%
Index versus Trend Line
Persistence
75%
Negative regime, horizons divided
Participation
30%
8 advancing, 19 declining
Investor positioning lens
Is the evidence ready for capital?
A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.
Evidence balance
Wait
Five-pillar map
Trend
57
Breadth
35
Persistence
39
Relative
66
Risk quality
86
What supports the view
- Relative performance is improving within its parent hierarchy.
What restrains conviction
- Index trend architecture has not delivered a durable upward expansion.
- Breadth remains too narrow or inconsistent for a high-conviction position.
- Constituent persistence remains divided or predominantly negative.
- Activity Line energy is decelerating despite the positive Trend gate.
- Stage 4 declining constituents exceed Stage 2 advancing constituents by 32 percentage points.
- Positive contribution is concentrated in a small leadership cohort.
This is a weekly research classification, not personal investment advice. Sentiment is reported as an independent confirmation layer and does not alter the technical score.
Trend state and durability
Architecture, persistence and constituent regimes
The index path is tested against the underlying security-level trend evidence.
The positive Trend gate remains, but fan energy or fast-line momentum is cooling.
State age2 weeks
Trend gateUp
Fan width0.92%
Fast versus slow change-0.83 pts
Above 33%
Below 17%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
75% agreement
Negative regime, horizons divided
The 52-week trend is negative, while shorter horizons remain mixed.
13-week
-2.4%
26-week
10.7%
39-week
-5.4%
52-week
-12.3%
Constituent trend persistence
93% coverage
Is the index move broadly durable?
36%positive
Coherent positive20%
Coherent negative32%
Average horizon agreement83%
Positive horizon share43%
Weakening positives1
Repairing negatives3
25 constituents measured as of 18 Sep 2026. Median trend age is 16 weeks.
Custom stage map
93% coverage
Where constituents sit in the cycle
56%Stage 4
Stage 1 · Basing16%4 securities
Stage 2 · Advancing24%6 securities
Stage 3 · Distribution4%1 securities
Stage 4 · Declining56%14 securities
Re-acceleration watch1
Transition watch3
Relative strength leaders32%
Fair Value repairs3
Measured as of 18 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
77/100 mean confidence
How market energy is distributed
Architecture breadth shows the distribution of expanding, rotating, balancing and contracting securities. It is diagnostic context and is not added as a second vote in the positioning score.
Capital rotation
Performance relative to Communication Services
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Communication Services. A falling line means capital has done better in the parent benchmark.
Relative index100.3
13-week trend98.1
4-week trend change1.13%
Weekly peer rank3 of 6
1 week
0.4 pts
relative
4 weeks
1.6 pts
relative
13 weeks
2.8 pts
relative
26 weeks
5.6 pts
relative
52 weeks
8.0 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
30%
advanced
- Advancing
- 8
- Declining
- 19
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility18.0%
Drawdown from 52-week high-9.8%
Positive weeks, last 1346%
Current directional run2 weeks
Turnover versus 13-week norm182%
Breadth impulse-11.0 pts
Cross-section
27 measured
Return distribution
Q1 -2.6%
Median -1.1%
Q3 1.1%
Average winner4.5%
Average loser-2.3%
Dispersion3.8 pts
Top-five upside share87%
Top-five capital share82%
Capital data coverage100%
Dispersion describes how far constituent outcomes are spreading apart. Capital concentration is contextual only; the index itself is equal weighted.
Momentum cycle
30-week persistence
Positive readings show expansion. Negative readings show contraction.
Breadth cycle
Net participation
Advancers less decliners as a percentage of measured constituents.
News and narrative
Does company news confirm the market tape?
Sentiment evidence is still developing
Qualified company-level news coverage is not yet broad enough to influence the group view.
0 qualified records across 27 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 27 measured constituents, ranked by latest weekly return.
Rank
Ticker
Company
Exchange
Market cap
Close
Index contribution
Return
The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.