{
  "ticker": {
    "uuid": "231ce3ce-8620-4c14-9138-a51e7e9e03a0",
    "symbol": "NH",
    "name": "Narayana Hrudayalaya 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": 62.344,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 46.377,
    "architecture_energy": 33.063,
    "architecture_maturity": 41.207,
    "architecture_confidence": 65.828,
    "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": 26.15,
        "rotation_up": 44.27,
        "upward_expansion": 67.83,
        "deceleration": 61.08,
        "rotation_down": 24.33,
        "downward_expansion": 15.5
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 1885.099976,
    "trend_reference": 1836.543901,
    "distance_from_trend": 0.026439,
    "trend_direction": "Improving",
    "fair_value": 1515.672905,
    "distance_from_fair_value": 0.243738,
    "fair_value_direction": "Weakening",
    "relative_strength": 3.618802,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.098991,
    "excess_performance": 0.1427,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.026439,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.012724,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.243738,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.025219,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.036188,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.002188,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.098991,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.202522,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3259460,
      "relative_activity": 2.691444,
      "balance": 2.202522,
      "dry_up": 1.286567,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.051245,
      "annualized_volatility": 0.247901,
      "from_high_reference": -0.09946,
      "from_low_reference": 0.186344
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    "levels": {
      "trend_reference": 1836.543901,
      "fair_value_reference": 1515.672905,
      "structural_low": 1589.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 36,
        "median_return": 0.016454,
        "positive_rate": 0.583333,
        "directional_follow_through": 0.583333,
        "median_excess_return": 0.007679,
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        "best_return": 0.16359,
        "worst_return": -0.120007,
        "sufficient": true
      },
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        "horizon": "Intermediate",
        "sample_count": 13,
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        "worst_return": -0.23601,
        "sufficient": true
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        "horizon": "Extended",
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        "worst_return": -0.176441,
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        "horizon": "Full cycle",
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      },
      {
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      },
      {
        "date": "2026-07-31",
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        "fair_value": 1509.873822,
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      },
      {
        "date": "2026-08-07",
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        "trend": 1836.543901,
        "fair_value": 1515.672905,
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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."
    }
  }
}