{ "ticker": { "uuid": "21a2df87-dc29-46be-87f2-148486510fa8", "symbol": "IEX", "name": "Indian Energy Exchange 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": 57.935, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "up", "architecture_direction": 47.815, "architecture_energy": 35.374, "architecture_maturity": 29.947, "architecture_confidence": 78.752, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 50.51, "rotation_up": 55.35, "upward_expansion": 76.0, "deceleration": 55.06, "rotation_down": 14.26, "downward_expansion": 7.33 }, "activity_lines": [ 126.832001, 125.177819, 125.068948, 124.44317 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 127.099998, "trend_reference": 124.080797, "distance_from_trend": 0.024333, "trend_direction": "Weakening", "fair_value": 149.308197, "distance_from_fair_value": -0.148741, "fair_value_direction": "Weakening", "relative_strength": -1.124433, "relative_strength_direction": "Improving", "price_momentum": 0.067558, "excess_performance": 0.111267, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.024333, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.030194, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.148741, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.033489, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.011244, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.032576, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.067558, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.384742, "read": "Demand-led" } ], "volume": { "latest": 31274635, "relative_activity": 1.211055, "balance": 1.384742, "dry_up": 1.420318, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.049687, "annualized_volatility": 0.279738, "from_high_reference": -0.184734, "from_low_reference": 0.126618 }, "levels": { "trend_reference": 124.080797, "fair_value_reference": 149.308197, "structural_low": 112.815507, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": 0.025398, "positive_rate": 0.769231, "directional_follow_through": 0.769231, "median_excess_return": 0.009748, "regime_survival": 0.615385, "best_return": 0.198374, "worst_return": -0.206201, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.027945, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.031078, "regime_survival": 0.166667, "best_return": 0.351081, "worst_return": -0.307284, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.045332, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.076974, "regime_survival": 0.2, "best_return": 0.719699, 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"gate": "down", "direction": -46.432441, "energy": 26.882354, "activity_lines": [ 122.357333, 123.368755, 123.956634, 123.911078 ] }, { "date": "2026-07-17", "close": 122.800003, "volume": 39148739, "typical_volume": 24620040.2, "trend": 124.525897, "fair_value": 149.130974, "relative_strength": -3.752993, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.560709, "energy": 19.328541, "activity_lines": [ 122.477334, 123.018545, 123.896622, 123.768021 ] }, { "date": "2026-07-24", "close": 124.260002, "volume": 28372369, "typical_volume": 24945517.05, "trend": 124.278925, "fair_value": 149.187746, "relative_strength": -0.120512, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.20705, "energy": 16.918082, "activity_lines": [ 122.953335, 123.101637, 123.979865, 123.750866 ] }, { "date": "2026-07-31", "close": 132.240005, "volume": 47919038, "typical_volume": 25569619.1, "trend": 124.330376, "fair_value": 149.268821, "relative_strength": 3.534473, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.857641, "energy": 21.787867, "activity_lines": [ 125.990669, 124.654001, 124.802175, 124.264485 ] }, { "date": "2026-08-07", "close": 127.099998, "volume": 31274635, "typical_volume": 25824291.95, "trend": 124.080797, "fair_value": 149.308197, "relative_strength": -1.124433, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.815448, "energy": 35.374468, "activity_lines": [ 126.832001, 125.177819, 125.068948, 124.44317 ] } ], "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." } } }