Trend, participation and relative evidence are sufficiently aligned for selective exposure.
81
technical evidence
out of 100
out of 100
Week Ending: 4 September 2026
India IN Sector
Energy
For the week ending 04 September 2026, Energy advanced 3.36% with 26 advancing, 12 declining, and 0 unchanged constituents. The index is equal weighted and built from country-listed equities.
Current architecture
Upward Expansion
The activity fan is positively ordered above a rising Trend Line with price accepted above it.
81
technical evidence
Index5807.27
1 week3.36%
Breadth68%
Members38
Country
🇮🇳 India · IN
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
Upward Expansion
16 completed weeks in this state
Trend acceptance
16.2%
Index versus Trend Line
Persistence
100%
Positive across every horizon
Participation
68%
26 advancing, 12 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
Position
Five-pillar map
Trend
90
Breadth
66
Persistence
69
Relative
99
Risk quality
92
What supports the view
- The index remains above a constructive Trend gate.
- Participation is broad enough to support the index move.
- Constituent trends show positive multi-horizon persistence.
- Relative performance is improving within its parent hierarchy.
What restrains conviction
- The index is extended well above current Fair Value, increasing chase risk.
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 activity fan is positively ordered above a rising Trend Line with price accepted above it.
State age16 weeks
Trend gateUp
Fan width7.87%
Fast versus slow change0.97 pts
Above 100%
Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
100% agreement
Positive across every horizon
The 13, 26, 39 and 52-week trends all point upward, giving the advance broad horizon agreement.
13-week
10.9%
26-week
28.6%
39-week
25.3%
52-week
19.4%
Constituent trend persistence
92% coverage
Is the index move broadly durable?
69%positive
Coherent positive37%
Coherent negative14%
Average horizon agreement80%
Positive horizon share66%
Weakening positives7
Repairing negatives4
35 constituents measured as of 4 Sep 2026. Median trend age is 15 weeks.
Custom stage map
87% coverage
Where constituents sit in the cycle
58%Stage 2
Stage 1 · Basing6%2 securities
Stage 2 · Advancing58%19 securities
Stage 3 · Distribution9%3 securities
Stage 4 · Declining27%9 securities
Re-acceleration watch1
Transition watch2
Relative strength leaders48%
Fair Value repairs0
Measured as of 4 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
80/100 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 IN Market Structure
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than IN Market Structure. A falling line means capital has done better in the parent benchmark.
Relative index138.5
13-week trend131.1
4-week trend change1.64%
Weekly peer rank1 of 11
1 week
3.4 pts
relative
4 weeks
3.8 pts
relative
13 weeks
5.1 pts
relative
26 weeks
11.4 pts
relative
52 weeks
20.0 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
68%
advanced
- Advancing
- 26
- Declining
- 12
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility17.3%
Drawdown from 52-week high0.0%
Positive weeks, last 1354%
Current directional run1 week
Turnover versus 13-week norm254%
Breadth impulse16.5 pts
Cross-section
38 measured
Return distribution
Q1 -1.1%
Median 2.4%
Q3 5.7%
Average winner5.9%
Average loser-2.1%
Dispersion5.7 pts
Top-five upside share48%
Top-five capital share84%
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.
Industry map
Where sector leadership is forming
Performance, breadth and trend acceptance across every qualified industry.
3/4
positive
Above Trend Line3/475% of industries
Constructive breadth3/4At least half advancing
Median industry3.04%6.28 pts dispersion
#1
Advancing
Oil & Gas E&P
15.73%
Participation100%
vs Trend37.8%
vs Fair Value54.3%
Members4
#2
Advancing
Oil & Gas Equipment & Services
4.58%
Participation90%
vs Trend22.7%
vs Fair Value29.2%
Members10
#3
Advancing
Oil & Gas Refining & Marketing
1.51%
Participation57%
vs Trend18.8%
vs Fair Value27.3%
Members14
#4
Weakening
Thermal Coal
-0.56%
Participation43%
vs Trend-1.6%
vs Fair Value1.9%
Members7
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 38 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Sector constituents
All 38 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.