{
  "ticker": {
    "uuid": "16997435-7b7e-481d-a6fb-24bfb68cbaea",
    "symbol": "MAHESHWARI",
    "name": "Maheshwari Logistics 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": 63.282,
    "architecture_energy": 61.841,
    "architecture_maturity": 94.247,
    "architecture_confidence": 72.713,
    "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": 11.21,
        "rotation_up": 49.53,
        "upward_expansion": 83.0,
        "deceleration": 71.45,
        "rotation_down": 29.41,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        72.980667,
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        67.213191,
        61.78428
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 72.860001,
    "trend_reference": 55.248667,
    "distance_from_trend": 0.318765,
    "trend_direction": "Improving",
    "fair_value": 63.246282,
    "distance_from_fair_value": 0.152004,
    "fair_value_direction": "Improving",
    "relative_strength": 33.135599,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.57467,
    "excess_performance": 0.61838,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.318765,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.15679,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.152004,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.302263,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.331356,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.271057,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.57467,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.655072,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 99549,
      "relative_activity": 1.446223,
      "balance": 0.655072,
      "dry_up": 1.343195,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.060379,
      "annualized_volatility": 0.376009,
      "from_high_reference": -0.028533,
      "from_low_reference": 0.866291
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    "levels": {
      "trend_reference": 55.248667,
      "fair_value_reference": 63.246282,
      "structural_low": 39.040001,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": -0.019916,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.060279,
        "regime_survival": 0.5,
        "best_return": 0.060922,
        "worst_return": -0.144458,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.150518,
        "positive_rate": 0.0,
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        "regime_survival": 0.0,
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        "worst_return": -0.204493,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.219833,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.324902,
        "regime_survival": 0.0,
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        "worst_return": -0.27374,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": -0.381782,
        "sufficient": false
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    ],
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        "regime": "balance",
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        "regime": "rotation_up",
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      {
        "regime": "downward_expansion",
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        "stage": 1,
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        "modifier": "Balance after decline",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 138760.75,
        "trend": 48.068334,
        "fair_value": 63.923526,
        "relative_strength": 1.046303,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 142552.7,
        "trend": 47.949667,
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        "relative_strength": 6.029944,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 143416.9,
        "trend": 47.786,
        "fair_value": 63.522115,
        "relative_strength": 4.676004,
        "stage": 1,
        "regime": "rotation_up",
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        "gate": "mixed",
        "direction": 38.645734,
        "energy": 62.744688,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 143846.9,
        "trend": 47.777,
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        "relative_strength": 11.049578,
        "stage": 1,
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        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 50.350095,
        "energy": 68.509035,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 144839.75,
        "trend": 47.760333,
        "fair_value": 63.21532,
        "relative_strength": 11.563228,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 72.476548,
        "energy": 77.600662,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 68.940002,
        "volume": 85216,
        "typical_volume": 144774.7,
        "trend": 48.206667,
        "fair_value": 63.147628,
        "relative_strength": 39.017018,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 95.138365,
        "energy": 91.965756,
        "activity_lines": [
          59.458001,
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      },
      {
        "date": "2026-06-12",
        "close": 69.510002,
        "volume": 19481,
        "typical_volume": 140990.95,
        "trend": 48.686334,
        "fair_value": 63.088718,
        "relative_strength": 37.892368,
        "stage": 1,
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        "modifier": "Early expansion",
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        "direction": 91.606835,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "trend": 49.387334,
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        "relative_strength": 39.634251,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 0,
        "typical_volume": 101963.95,
        "trend": 50.201334,
        "fair_value": 63.105962,
        "relative_strength": 42.362675,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.954229,
        "energy": 94.91092,
        "activity_lines": [
          70.686669,
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          53.746538
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      },
      {
        "date": "2026-07-03",
        "close": 73.139999,
        "volume": 15229,
        "typical_volume": 92576.05,
        "trend": 51.032,
        "fair_value": 63.124487,
        "relative_strength": 38.530017,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.855745,
        "energy": 90.575399,
        "activity_lines": [
          72.400668,
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          55.226452
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      },
      {
        "date": "2026-07-10",
        "close": 73.0,
        "volume": 95786,
        "typical_volume": 95326.45,
        "trend": 51.848334,
        "fair_value": 63.146603,
        "relative_strength": 37.979062,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.390966,
        "energy": 88.941116,
        "activity_lines": [
          72.888667,
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          56.643742
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      },
      {
        "date": "2026-07-17",
        "close": 73.0,
        "volume": 88205,
        "typical_volume": 96753.5,
        "trend": 52.694,
        "fair_value": 63.185705,
        "relative_strength": 36.661326,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.179113,
        "energy": 77.051082,
        "activity_lines": [
          73.106,
          70.469092,
          63.005001,
          58.008366
        ]
      },
      {
        "date": "2026-07-24",
        "close": 73.150002,
        "volume": 69629,
        "typical_volume": 96047.0,
        "trend": 53.465667,
        "fair_value": 63.2325,
        "relative_strength": 39.432026,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.650469,
        "energy": 66.55733,
        "activity_lines": [
          73.140667,
          71.64291,
          64.57381,
          59.328108
        ]
      },
      {
        "date": "2026-07-31",
        "close": 72.989998,
        "volume": 112446,
        "typical_volume": 96564.65,
        "trend": 54.313667,
        "fair_value": 63.25359,
        "relative_strength": 35.002694,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.357563,
        "energy": 63.977972,
        "activity_lines": [
          73.046,
          72.407091,
          65.97462,
          60.587742
        ]
      },
      {
        "date": "2026-08-07",
        "close": 72.860001,
        "volume": 99549,
        "typical_volume": 68833.8,
        "trend": 55.248667,
        "fair_value": 63.246282,
        "relative_strength": 33.135599,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.282152,
        "energy": 61.841401,
        "activity_lines": [
          72.980667,
          72.831273,
          67.213191,
          61.78428
        ]
      }
    ],
    "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."
    }
  }
}