{
  "ticker": {
    "uuid": "2d3c1dee-31cd-4715-a0c5-d113710a471e",
    "symbol": "MANINFRA",
    "name": "Man Infraconstruction 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": 61.788,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "mixed",
    "architecture_direction": 2.183,
    "architecture_energy": 16.916,
    "architecture_maturity": 23.783,
    "architecture_confidence": 51.672,
    "architecture_tenure": "Developing",
    "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": 53.84,
        "rotation_up": 23.08,
        "upward_expansion": 18.7,
        "deceleration": 55.25,
        "rotation_down": 50.03,
        "downward_expansion": 46.04
      },
      "activity_lines": [
        103.921333,
        104.122909,
        107.429534,
        106.416119
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 113.849998,
    "trend_reference": 106.175408,
    "distance_from_trend": 0.072282,
    "trend_direction": "Weakening",
    "fair_value": 163.613416,
    "distance_from_fair_value": -0.304152,
    "fair_value_direction": "Weakening",
    "relative_strength": -4.959592,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.007169,
    "excess_performance": 0.03654,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.072282,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.066985,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.304152,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.121663,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.049596,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.064747,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.007169,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.83478,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 18514117,
      "relative_activity": 2.553849,
      "balance": 0.83478,
      "dry_up": 0.955498,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.068235,
      "annualized_volatility": 0.476794,
      "from_high_reference": -0.322359,
      "from_low_reference": 0.485256
    },
    "levels": {
      "trend_reference": 106.175408,
      "fair_value_reference": 163.613416,
      "structural_low": 76.65347,
      "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": 10,
        "median_return": -0.016952,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.037987,
        "regime_survival": 0.3,
        "best_return": 0.159147,
        "worst_return": -0.130409,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.009906,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.054822,
        "regime_survival": 0.0,
        "best_return": 0.094308,
        "worst_return": -0.190441,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.145599,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.167858,
        "regime_survival": 0.25,
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        "worst_return": -0.202631,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.160816,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
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        "best_return": 0.572762,
        "worst_return": -0.340569,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2024-11-22",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-01-24",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "return": -0.160266,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2025-05-30",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-06-13",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "rotation_up",
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      {
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      {
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      {
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        "active": true
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 6392506.05,
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        "fair_value": 164.184572,
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        "stage": 4,
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        "modifier": "Upper balance after advance",
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        "energy": 35.262746,
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      },
      {
        "date": "2026-07-24",
        "close": 96.68,
        "volume": 3817572,
        "typical_volume": 6527258.5,
        "trend": 107.387371,
        "fair_value": 164.04177,
        "relative_strength": -18.191629,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -63.101942,
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        "activity_lines": [
          101.17,
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      },
      {
        "date": "2026-07-31",
        "close": 98.080002,
        "volume": 1842169,
        "typical_volume": 6502727.4,
        "trend": 106.363831,
        "fair_value": 163.761563,
        "relative_strength": -18.181619,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -39.905884,
        "energy": 54.178621,
        "activity_lines": [
          99.707334,
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      },
      {
        "date": "2026-08-07",
        "close": 113.849998,
        "volume": 18514117,
        "typical_volume": 7249494.45,
        "trend": 106.175408,
        "fair_value": 163.613416,
        "relative_strength": -4.959592,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 2.18309,
        "energy": 16.915882,
        "activity_lines": [
          103.921333,
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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."
    }
  }
}