{
  "ticker": {
    "uuid": "15e178cc-d2f2-4495-8464-40b1eccb8eb4",
    "symbol": "IONEXCHANG",
    "name": "Ion Exchange (India) 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": 1,
    "stage_name": "Basing",
    "phase": "1a",
    "phase_label": "Stage 1A \u00b7 Bottoming",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 54.974,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 26.825,
    "architecture_energy": 18.415,
    "architecture_maturity": 35.671,
    "architecture_confidence": 46.789,
    "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": 43.9,
        "rotation_up": 36.3,
        "upward_expansion": 63.18,
        "deceleration": 64.54,
        "rotation_down": 24.45,
        "downward_expansion": 15.51
      },
      "activity_lines": [
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        391.100106
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 371.600006,
    "trend_reference": 380.653333,
    "distance_from_trend": -0.023784,
    "trend_direction": "Improving",
    "fair_value": 504.634129,
    "distance_from_fair_value": -0.263625,
    "fair_value_direction": "Weakening",
    "relative_strength": -2.873715,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.018489,
    "excess_performance": 0.02522,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.023784,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.033588,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.263625,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.087081,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.028737,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.068816,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.018489,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.942349,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3968123,
      "relative_activity": 1.858949,
      "balance": 0.942349,
      "dry_up": 1.646658,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.108502,
      "annualized_volatility": 0.406346,
      "from_high_reference": -0.235391,
      "from_low_reference": 0.188359
    },
    "levels": {
      "trend_reference": 380.653333,
      "fair_value_reference": 504.634129,
      "structural_low": 312.700012,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 9,
        "median_return": 0.018592,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
        "median_excess_return": -0.039625,
        "regime_survival": 0.666667,
        "best_return": 0.069949,
        "worst_return": -0.144288,
        "sufficient": true
      },
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        "horizon": "Intermediate",
        "sample_count": 3,
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        "worst_return": -0.135273,
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        "horizon": "Full cycle",
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        "date": "2026-04-17",
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      },
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        "date": "2026-07-03",
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      {
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      },
      {
        "date": "2026-07-17",
        "close": 435.399994,
        "volume": 5529737,
        "typical_volume": 2007710.55,
        "trend": 377.558331,
        "fair_value": 506.472748,
        "relative_strength": 14.139923,
        "stage": 1,
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        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.396025,
        "energy": 73.203926,
        "activity_lines": [
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          394.244996,
          385.886341
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      },
      {
        "date": "2026-07-24",
        "close": 425.100006,
        "volume": 2812862,
        "typical_volume": 2121596.9,
        "trend": 378.944998,
        "fair_value": 505.887065,
        "relative_strength": 14.212816,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.891133,
        "energy": 72.387641,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 420.700012,
        "volume": 1749143,
        "typical_volume": 1998023.1,
        "trend": 380.083332,
        "fair_value": 505.432114,
        "relative_strength": 10.347405,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.392364,
        "energy": 66.469785,
        "activity_lines": [
          431.003337,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 371.600006,
        "volume": 3968123,
        "typical_volume": 2134605.9,
        "trend": 380.653333,
        "fair_value": 504.634129,
        "relative_strength": -2.873715,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 26.824748,
        "energy": 18.414895,
        "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."
    }
  }
}