{
  "ticker": {
    "uuid": "00878a5a-a063-4c91-a388-049c1458b9c8",
    "symbol": "MAXHEALTH",
    "name": "Max Healthcare Institute Limited",
    "exchange": "NSI",
    "country": "IN",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^NSEI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 53.09,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 40.858,
    "architecture_energy": 25.328,
    "architecture_maturity": 43.585,
    "architecture_confidence": 79.357,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 41.02,
        "rotation_up": 32.74,
        "upward_expansion": 62.64,
        "deceleration": 87.38,
        "rotation_down": 25.26,
        "downward_expansion": 14.98
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      "activity_lines": [
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        1046.385906
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 1070.0,
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    "distance_from_trend": 0.036451,
    "trend_direction": "Weakening",
    "fair_value": 963.820634,
    "distance_from_fair_value": 0.110165,
    "fair_value_direction": "Improving",
    "relative_strength": 0.150942,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.028995,
    "excess_performance": 0.072704,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.036451,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.006106,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.110165,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.014754,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.001509,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.064253,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.028995,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.296363,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 6769300,
      "relative_activity": 0.777877,
      "balance": 0.296363,
      "dry_up": 0.893486,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.051436,
      "annualized_volatility": 0.239866,
      "from_high_reference": -0.177998,
      "from_low_reference": 0.184939
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    "levels": {
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      "fair_value_reference": 963.820634,
      "structural_low": 903.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 27,
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        "positive_rate": 0.592593,
        "directional_follow_through": 0.592593,
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        "worst_return": -0.160032,
        "sufficient": true
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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      },
      {
        "date": "2026-07-24",
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        "relative_strength": 3.933335,
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        "modifier": "Early expansion",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 9117350.9,
        "trend": 1030.60957,
        "fair_value": 960.342742,
        "relative_strength": 3.261725,
        "stage": 2,
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        "energy": 38.245271,
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      },
      {
        "date": "2026-08-07",
        "close": 1070.0,
        "volume": 6769300,
        "typical_volume": 8702280.95,
        "trend": 1032.36957,
        "fair_value": 963.820634,
        "relative_strength": 0.150942,
        "stage": 2,
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        "modifier": "Early expansion",
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    ],
    "method": {
      "price_basis": "completed market observations",
      "trend": "Trend provides the primary directional reference.",
      "fair_value": "Fair Value provides long-term price context and is not a forecast or target.",
      "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.",
      "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read."
    }
  }
}