{ "ticker": { "uuid": "213b4fee-97a8-45ca-a233-dd35b4c2fda2", "symbol": "VETO", "name": "Veto Switchgears and Cables 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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 34.074, "architecture_energy": 18.408, "architecture_maturity": 55.044, "architecture_confidence": 94.993, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 45.62, "rotation_up": 23.97, "upward_expansion": 55.15, "deceleration": 90.29, "rotation_down": 26.98, "downward_expansion": 18.82 }, "activity_lines": [ 123.023332, 125.538727, 123.428523, 118.212731 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 122.199997, "trend_reference": 112.031333, "distance_from_trend": 0.090766, "trend_direction": "Improving", "fair_value": 122.741889, "distance_from_fair_value": -0.004415, "fair_value_direction": "Improving", "relative_strength": 8.726162, "relative_strength_direction": "Improving", "price_momentum": 0.206437, "excess_performance": 0.250146, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.090766, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.051947, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.004415, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.047952, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.087262, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.0339, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.206437, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.176863, "read": "Demand-led" } ], "volume": { "latest": 59997, "relative_activity": 0.259052, "balance": 4.176863, "dry_up": 0.42968, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.085679, "annualized_volatility": 0.393527, "from_high_reference": -0.17915, "from_low_reference": 0.484451 }, "levels": { "trend_reference": 112.031333, "fair_value_reference": 122.741889, "structural_low": 82.32, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 9, "median_return": -0.001795, "positive_rate": 0.444444, "directional_follow_through": 0.444444, "median_excess_return": 0.009518, "regime_survival": 0.444444, "best_return": 0.075627, "worst_return": -0.13159, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.034861, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.031028, "regime_survival": 0.25, "best_return": 0.175361, "worst_return": -0.10557, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.160347, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.175988, "regime_survival": 0.0, "best_return": 0.16053, "worst_return": -0.313864, "sufficient": false }, { "horizon": "Full 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"up", "direction": 66.258915, "energy": 86.127442, "activity_lines": [ 135.189333, 126.372909, 115.725, 111.864752 ] }, { "date": "2026-06-26", "close": 125.800003, "volume": 0, "typical_volume": 274213.95, "trend": 109.509, "fair_value": 122.124564, "relative_strength": 14.488949, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.543237, "energy": 81.24193, "activity_lines": [ 133.414668, 127.448909, 117.287524, 112.944473 ] }, { "date": "2026-07-03", "close": 126.589996, "volume": 22587, "typical_volume": 267177.2, "trend": 110.019667, "fair_value": 122.254632, "relative_strength": 14.077357, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.161494, "energy": 55.84976, "activity_lines": [ 130.952, 128.337272, 118.808571, 114.046473 ] }, { "date": "2026-07-10", "close": 123.510002, "volume": 110428, "typical_volume": 251471.15, "trend": 110.516, "fair_value": 122.386269, "relative_strength": 11.553197, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.081424, "energy": 34.196208, "activity_lines": [ 127.290001, 128.241454, 119.917714, 114.916817 ] }, { "date": "2026-07-17", "close": 130.410004, "volume": 160343, "typical_volume": 250178.6, "trend": 111.074667, "fair_value": 122.556496, "relative_strength": 16.957279, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.939962, "energy": 30.762305, "activity_lines": [ 127.280002, 129.12491, 121.58881, 116.200301 ] }, { "date": "2026-07-24", "close": 121.5, "volume": 122436, "typical_volume": 248324.0, "trend": 111.289666, "fair_value": 122.669293, "relative_strength": 11.517969, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.450996, "energy": 23.570179, "activity_lines": [ 125.243334, 128.100728, 122.283381, 116.872903 ] }, { "date": "2026-07-31", "close": 121.379997, "volume": 55283, "typical_volume": 242037.75, "trend": 111.523, "fair_value": 122.718948, "relative_strength": 8.806651, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.766622, "energy": 21.036678, "activity_lines": [ 123.849333, 126.834727, 122.873905, 117.523892 ] }, { "date": "2026-08-07", "close": 122.199997, "volume": 59997, "typical_volume": 231601.75, "trend": 112.031333, "fair_value": 122.741889, "relative_strength": 8.726162, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.073927, "energy": 18.408286, "activity_lines": [ 123.023332, 125.538727, 123.428523, 118.212731 ] } ], "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." } } }