{
  "ticker": {
    "uuid": "4ed617a9-cf2b-4e17-935b-cd454f67fd04",
    "symbol": "BHEL",
    "name": "Bharat Heavy Electricals 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": 93.694,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 58.646,
    "architecture_energy": 51.054,
    "architecture_maturity": 70.021,
    "architecture_confidence": 69.555,
    "architecture_tenure": "Established",
    "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": 26.52,
        "rotation_up": 46.15,
        "upward_expansion": 76.89,
        "deceleration": 70.0,
        "rotation_down": 26.71,
        "downward_expansion": 8.23
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
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    "latest_close": 405.200012,
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    "distance_from_trend": 0.2127,
    "trend_direction": "Improving",
    "fair_value": 251.543044,
    "distance_from_fair_value": 0.610858,
    "fair_value_direction": "Weakening",
    "relative_strength": 35.298883,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.51988,
    "excess_performance": 0.563589,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.2127,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.135229,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.610858,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.183632,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.352989,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.242149,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.51988,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.245133,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "balance": 1.245133,
      "dry_up": 1.053893,
      "accumulation_observations": 2,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.066827,
      "annualized_volatility": 0.395953,
      "from_high_reference": -0.092497,
      "from_low_reference": 0.975429
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    "levels": {
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      "structural_low": 239.169998,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "horizon": "Near term",
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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      },
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        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 64488784.6,
        "trend": 329.765357,
        "fair_value": 249.604247,
        "relative_strength": 38.549104,
        "stage": 2,
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        "modifier": "Established expansion",
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        "energy": 50.512328,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 405.200012,
        "volume": 31007046,
        "typical_volume": 63888209.1,
        "trend": 334.130357,
        "fair_value": 251.543044,
        "relative_strength": 35.298883,
        "stage": 2,
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        "modifier": "Established 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."
    }
  }
}