{ "ticker": { "uuid": "08bdf526-0b22-4d82-8b4e-29c763c7796d", "symbol": "TECHM", "name": "Tech Mahindra 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": 89.764, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 48.008, "architecture_energy": 74.175, "architecture_maturity": 12.771, "architecture_confidence": 74.23, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 24.36, "rotation_up": 76.88, "upward_expansion": 66.5, "deceleration": 20.84, "rotation_down": 16.11, "downward_expansion": 24.83 }, "activity_lines": [ 1603.953353, 1535.158418, 1481.247261, 1464.442001 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 1635.0, "trend_reference": 1473.457353, "distance_from_trend": 0.109635, "trend_direction": "Weakening", "fair_value": 1418.570205, "distance_from_fair_value": 0.152569, "fair_value_direction": "Improving", "relative_strength": 11.157034, "relative_strength_direction": "Improving", "price_momentum": 0.009322, "excess_performance": 0.053031, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.109635, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.010649, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.152569, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.121782, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.11157, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.129966, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.009322, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.457299, "read": "Demand-led" } ], "volume": { "latest": 17934629, "relative_activity": 1.781577, "balance": 1.457299, "dry_up": 1.576756, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.052466, "annualized_volatility": 0.317774, "from_high_reference": -0.118123, "from_low_reference": 0.263836 }, "levels": { "trend_reference": 1473.457353, "fair_value_reference": 1418.570205, "structural_low": 1293.680988, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": -0.018875, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.005144, "regime_survival": 0.5, "best_return": 0.023828, "worst_return": -0.070102, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.11138, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.060065, "regime_survival": 0.0, "best_return": -0.06716, "worst_return": -0.155601, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.084877, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.064268, "regime_survival": 0.5, "best_return": -0.021782, "worst_return": -0.147971, "sufficient": false }, { "horizon": "Full cycle", 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"amber", "start": "2025-09-05", "end": "2025-10-24", "tenure": "Developing", "return": -0.006076, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-31", "end": "2025-12-05", "tenure": "Developing", "return": 0.10278, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-12-12", "end": "2026-01-16", "tenure": "Developing", "return": 0.05835, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-02-27", "tenure": "Developing", "return": -0.201811, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-06", "end": "2026-04-03", "tenure": "Developing", "return": 0.082451, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-10", "end": "2026-05-01", "tenure": "New", "return": -0.002793, 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"regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.365599, "energy": 50.213212, "activity_lines": [ 1511.62666, 1467.681086, 1441.230785, 1442.234559 ] }, { "date": "2026-07-31", "close": 1651.300049, "volume": 16309178, "typical_volume": 9734061.7, "trend": 1471.697351, "fair_value": 1415.40917, "relative_strength": 13.359801, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 55.023894, "energy": 72.374695, "activity_lines": [ 1568.860026, 1505.311783, 1462.773549, 1453.906346 ] }, { "date": "2026-08-07", "close": 1635.0, "volume": 17934629, "typical_volume": 10066716.9, "trend": 1473.457353, "fair_value": 1418.570205, "relative_strength": 11.157034, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.007767, "energy": 74.175157, "activity_lines": [ 1603.953353, 1535.158418, 1481.247261, 1464.442001 ] } ], "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." } } }