The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
56
technical evidence
out of 100
out of 100
Week Ending: 4 September 2026
India IN Consumer Defensive Industry
Beverages - Wineries & Distilleries
For the week ending 04 September 2026, Beverages - Wineries & Distilleries declined 1.34% with 2 advancing, 10 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.
56
technical evidence
Index6968.39
1 week-1.34%
Breadth17%
Members12
Country
🇮🇳 India · IN
Sector
Consumer Defensive
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
1 completed week in this state
Trend acceptance
4.6%
Index versus Trend Line
Persistence
75%
Positive regime, horizons divided
Participation
17%
2 advancing, 10 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
62
Breadth
35
Persistence
58
Relative
61
Risk quality
82
What supports the view
- The index remains above a constructive Trend gate.
- Constituent trends show positive multi-horizon persistence.
- Medium-term relative returns and peer standing remain constructive.
What restrains conviction
- Breadth remains too narrow or inconsistent for a high-conviction position.
- The current 13-week parent-relative trend is weakening.
- Activity Line energy is decelerating despite the positive Trend gate.
- 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 age1 weeks
Trend gateUp
Fan width3.19%
Fast versus slow change-1.04 pts
Above 50%
Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
75% agreement
Positive regime, horizons divided
The 52-week trend is positive, although not every measured horizon confirms it.
13-week
6.9%
26-week
13.3%
39-week
-2.5%
52-week
4.4%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
58%positive
Coherent positive33%
Coherent negative25%
Average horizon agreement79%
Positive horizon share58%
Weakening positives1
Repairing negatives2
12 constituents measured as of 4 Sep 2026. Median trend age is 46 weeks.
Custom stage map
92% coverage
Where constituents sit in the cycle
46%Stage 4
Stage 1 · Basing18%2 securities
Stage 2 · Advancing36%4 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining46%5 securities
Re-acceleration watch0
Transition watch1
Relative strength leaders36%
Fair Value repairs2
Measured as of 4 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
84/100 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 Consumer Defensive
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Consumer Defensive. A falling line means capital has done better in the parent benchmark.
Relative index137.6
13-week trend139.8
4-week trend change0.94%
Weekly peer rank5 of 9
1 week
0.2 pts
relative
4 weeks
-4.4 pts
relative
13 weeks
4.3 pts
relative
26 weeks
1.5 pts
relative
52 weeks
10.1 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
17%
advanced
- Advancing
- 2
- Declining
- 10
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility21.3%
Drawdown from 52-week high-13.4%
Positive weeks, last 1354%
Current directional run2 weeks
Turnover versus 13-week norm133%
Breadth impulse-39.6 pts
Cross-section
12 measured
Return distribution
Q1 -2.4%
Median -1.0%
Q3 -0.1%
Average winner2.1%
Average loser-2.0%
Dispersion2.4 pts
Top-five upside share100%
Top-five capital share96%
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 12 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 12 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.