The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
58
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
India IN Industrials Industry
Specialty Business Services
For the week ending 28 August 2026, Specialty Business Services declined 0.34% with 12 advancing, 8 declining, and 0 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.
Current architecture
Upward Expansion
The activity fan is positively ordered above a rising Trend Line with price accepted above it.
58
technical evidence
Index4570.81
1 week-0.34%
Breadth60%
Members20
Country
🇮🇳 India · IN
Sector
Industrials
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
10 completed weeks in this state
Trend acceptance
8.3%
Index versus Trend Line
Persistence
25%
Negative regime, shorter trend repairing
Participation
60%
12 advancing, 8 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
78
Breadth
55
Persistence
37
Relative
35
Risk quality
86
What supports the view
- The index remains above a constructive Trend gate.
- Participation is broad enough to support the index move.
What restrains conviction
- Constituent persistence remains divided or predominantly negative.
- The group is not yet delivering dependable relative outperformance.
- Stage 4 declining constituents exceed Stage 2 advancing constituents by 19 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 activity fan is positively ordered above a rising Trend Line with price accepted above it.
State age10 weeks
Trend gateUp
Fan width4.88%
Fast versus slow change-1.14 pts
Above 50%
Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
25% agreement
Negative regime, shorter trend repairing
The long trend remains negative, but shorter-horizon repair is now visible.
13-week
6.2%
26-week
16.1%
39-week
2.2%
52-week
-2.4%
Constituent trend persistence
90% coverage
Is the index move broadly durable?
28%positive
Coherent positive22%
Coherent negative33%
Average horizon agreement82%
Positive horizon share43%
Weakening positives1
Repairing negatives2
18 constituents measured as of 28 Aug 2026. Median trend age is 21 weeks.
Custom stage map
80% coverage
Where constituents sit in the cycle
44%Stage 4
Stage 1 · Basing31%5 securities
Stage 2 · Advancing25%4 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining44%7 securities
Re-acceleration watch0
Transition watch2
Relative strength leaders31%
Fair Value repairs3
Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
78/100 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 Industrials
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Industrials. A falling line means capital has done better in the parent benchmark.
Relative index75.5
13-week trend76.2
4-week trend change1.19%
Weekly peer rank17 of 22
1 week
-0.9 pts
relative
4 weeks
-3.4 pts
relative
13 weeks
1.1 pts
relative
26 weeks
1.6 pts
relative
52 weeks
-5.4 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
60%
advanced
- Advancing
- 12
- Declining
- 8
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility18.7%
Drawdown from 52-week high-4.3%
Positive weeks, last 1338%
Current directional run3 weeks
Turnover versus 13-week norm324%
Breadth impulse10.4 pts
Cross-section
20 measured
Return distribution
Q1 -1.5%
Median 0.0%
Q3 2.7%
Average winner3.5%
Average loser-7.2%
Dispersion9.0 pts
Top-five upside share85%
Top-five capital share61%
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 20 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 20 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.