{
  "ticker": {
    "uuid": "01915488-daee-4204-a52a-77d92fbdd3eb",
    "symbol": "MGEL",
    "name": "Mangalam Global Enterprise 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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 40.779,
    "architecture_energy": 27.077,
    "architecture_maturity": 71.269,
    "architecture_confidence": 87.218,
    "architecture_tenure": "Developing",
    "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": 29.14,
        "rotation_up": 30.59,
        "upward_expansion": 63.85,
        "deceleration": 88.12,
        "rotation_down": 27.2,
        "downward_expansion": 16.18
      },
      "activity_lines": [
        15.665972,
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        15.384452,
        14.518054
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 14.57,
    "trend_reference": 13.5253,
    "distance_from_trend": 0.07724,
    "trend_direction": "Improving",
    "fair_value": 12.573206,
    "distance_from_fair_value": 0.158813,
    "fair_value_direction": "Weakening",
    "relative_strength": 2.922442,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.22437,
    "excess_performance": 0.268079,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.07724,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.041396,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.158813,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.019913,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.029224,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.011701,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.22437,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.119127,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 721380,
      "relative_activity": 0.477282,
      "balance": 1.119127,
      "dry_up": 0.363157,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.096385,
      "annualized_volatility": 0.412812,
      "from_high_reference": -0.208152,
      "from_low_reference": 0.528856
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    "levels": {
      "trend_reference": 13.5253,
      "fair_value_reference": 12.573206,
      "structural_low": 9.53,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 21,
        "median_return": -0.020785,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.023044,
        "regime_survival": 0.666667,
        "best_return": 0.3939,
        "worst_return": -0.180687,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.203199,
        "sufficient": true
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        "horizon": "Extended",
        "sample_count": 6,
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        "horizon": "Full cycle",
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      },
      {
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      },
      {
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        "typical_volume": 1649350.15,
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        "fair_value": 12.444213,
        "relative_strength": 17.197754,
        "stage": 2,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 16.200001,
        "volume": 370619,
        "typical_volume": 1563179.2,
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        "fair_value": 12.490617,
        "relative_strength": 17.817691,
        "stage": 2,
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        "modifier": "Early expansion",
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        "direction": 63.152411,
        "energy": 56.061876,
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      },
      {
        "date": "2026-07-31",
        "close": 15.95,
        "volume": 483425,
        "typical_volume": 1533018.85,
        "trend": 13.487967,
        "fair_value": 12.53605,
        "relative_strength": 13.270805,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.746967,
        "energy": 46.613376,
        "activity_lines": [
          16.291244,
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      },
      {
        "date": "2026-08-07",
        "close": 14.57,
        "volume": 721380,
        "typical_volume": 1511432.75,
        "trend": 13.5253,
        "fair_value": 12.573206,
        "relative_strength": 2.922442,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 40.779474,
        "energy": 27.076867,
        "activity_lines": [
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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."
    }
  }
}