{
  "ticker": {
    "uuid": "127e46c6-fe1f-432f-bfa6-049be93d25c0",
    "symbol": "NAZARA",
    "name": "Nazara Technologies 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": "2c",
    "phase_label": "Stage 2C \u00b7 Late 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": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 87.502,
    "architecture_energy": 84.629,
    "architecture_maturity": 44.0,
    "architecture_confidence": 82.77,
    "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": 5.76,
        "rotation_up": 79.71,
        "upward_expansion": 93.99,
        "deceleration": 42.99,
        "rotation_down": 11.21,
        "downward_expansion": 18.32
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 352.350006,
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    "distance_from_trend": 0.266324,
    "trend_direction": "Improving",
    "fair_value": 246.140321,
    "distance_from_fair_value": 0.431501,
    "fair_value_direction": "Improving",
    "relative_strength": 29.090665,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.360425,
    "excess_performance": 0.404134,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.266324,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.066127,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.431501,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.287929,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.290907,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.307065,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.360425,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.021664,
        "read": "Demand-led"
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    ],
    "volume": {
      "latest": 22219965,
      "relative_activity": 1.713304,
      "balance": 3.021664,
      "dry_up": 1.362121,
      "accumulation_observations": 4,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.060801,
      "annualized_volatility": 0.344437,
      "from_high_reference": -0.030007,
      "from_low_reference": 0.633519
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    "levels": {
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      "fair_value_reference": 246.140321,
      "structural_low": 215.699997,
      "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": 20,
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        "horizon": "Intermediate",
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      },
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        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "fair_value": 243.918125,
        "relative_strength": 14.547922,
        "stage": 2,
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        "modifier": "Established expansion",
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      },
      {
        "date": "2026-07-31",
        "close": 337.299988,
        "volume": 27315936,
        "typical_volume": 12500182.7,
        "trend": 275.606332,
        "fair_value": 244.961635,
        "relative_strength": 24.536942,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.44963,
        "energy": 73.493552,
        "activity_lines": [
          314.926656,
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      },
      {
        "date": "2026-08-07",
        "close": 352.350006,
        "volume": 22219965,
        "typical_volume": 12969074.95,
        "trend": 278.246333,
        "fair_value": 246.140321,
        "relative_strength": 29.090665,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "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."
    }
  }
}