{
  "ticker": {
    "uuid": "408bc7e5-c529-4b5c-b56d-578d0080bab1",
    "symbol": "NILKAMAL",
    "name": "Nilkamal 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": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 82.371,
    "architecture_energy": 93.543,
    "architecture_maturity": 22.0,
    "architecture_confidence": 80.915,
    "architecture_tenure": "New",
    "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": 17.93,
        "rotation_up": 84.87,
        "upward_expansion": 97.67,
        "deceleration": 41.83,
        "rotation_down": 8.0,
        "downward_expansion": 22.0
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 1746.300049,
    "trend_reference": 1353.796549,
    "distance_from_trend": 0.289928,
    "trend_direction": "Improving",
    "fair_value": 1733.298224,
    "distance_from_fair_value": 0.007501,
    "fair_value_direction": "Improving",
    "relative_strength": 24.42423,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.192176,
    "excess_performance": 0.235886,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.289928,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.000167,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.007501,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.292227,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.244242,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.347968,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.192176,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 7.350941,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 513995,
      "relative_activity": 1.862449,
      "balance": 7.350941,
      "dry_up": 4.555005,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.062398,
      "annualized_volatility": 0.359828,
      "from_high_reference": -0.119587,
      "from_low_reference": 0.662351
    },
    "levels": {
      "trend_reference": 1353.796549,
      "fair_value_reference": 1733.298224,
      "structural_low": 1050.5,
      "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": 10,
        "median_return": -0.02934,
        "positive_rate": 0.3,
        "directional_follow_through": 0.3,
        "median_excess_return": -0.043109,
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        "worst_return": -0.1505,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.144535,
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        "horizon": "Extended",
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        "median_return": -0.084701,
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        "regime_survival": 0.0,
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        "worst_return": -0.228183,
        "sufficient": false
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        "horizon": "Full cycle",
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        "regime": "deceleration",
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        "regime": "downward_expansion",
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-24",
        "close": 1676.099976,
        "volume": 1174320,
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        "fair_value": 1742.645788,
        "relative_strength": 23.931453,
        "stage": 1,
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-31",
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        "trend": 1341.563216,
        "fair_value": 1738.122017,
        "relative_strength": 29.236906,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
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        "energy": 97.006263,
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      },
      {
        "date": "2026-08-07",
        "close": 1746.300049,
        "volume": 513995,
        "typical_volume": 275978.0,
        "trend": 1353.796549,
        "fair_value": 1733.298224,
        "relative_strength": 24.42423,
        "stage": 2,
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        "modifier": "Early expansion",
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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."
    }
  }
}