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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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 48.414, "architecture_energy": 43.893, "architecture_maturity": 90.249, "architecture_confidence": 57.973, "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": 23.6, "rotation_up": 39.78, "upward_expansion": 66.9, "deceleration": 68.23, "rotation_down": 27.09, "downward_expansion": 19.23 }, "activity_lines": [ 1667.346664, 1673.865452, 1568.503805, 1456.154618 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 1604.0, "trend_reference": 1322.231659, "distance_from_trend": 0.213101, "trend_direction": "Improving", "fair_value": 1530.920588, "distance_from_fair_value": 0.047736, "fair_value_direction": "Improving", "relative_strength": 23.815589, "relative_strength_direction": "Improving", "price_momentum": 0.338116, "excess_performance": 0.381825, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.213101, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.113635, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.047736, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.109561, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.238156, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.09096, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.338116, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.657456, "read": "Supply-led" } ], "volume": { "latest": 576605, "relative_activity": 1.614998, "balance": 0.657456, "dry_up": 1.140097, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.084812, "annualized_volatility": 0.48894, "from_high_reference": -0.144533, "from_low_reference": 0.802247 }, "levels": { "trend_reference": 1322.231659, "fair_value_reference": 1530.920588, 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1601.061814, 1453.995708, 1356.126875 ] }, { "date": "2026-07-17", "close": 1708.800049, "volume": 457129, "typical_volume": 348507.6, "trend": 1273.521661, "fair_value": 1523.978901, "relative_strength": 34.989834, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.775238, "energy": 87.051216, "activity_lines": [ 1737.620011, 1635.340006, 1490.910237, 1385.312147 ] }, { "date": "2026-07-24", "close": 1700.099976, "volume": 387682, "typical_volume": 355593.75, "trend": 1291.654995, "fair_value": 1526.936739, "relative_strength": 36.87671, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.938208, "energy": 83.116795, "activity_lines": [ 1734.820003, 1662.476365, 1524.149521, 1412.833329 ] }, { "date": "2026-07-31", "close": 1666.099976, "volume": 206785, "typical_volume": 347606.95, "trend": 1306.964992, "fair_value": 1529.41528, "relative_strength": 30.116402, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.013948, "energy": 60.371122, "activity_lines": [ 1710.419995, 1676.229088, 1550.915472, 1436.991069 ] }, { "date": "2026-08-07", "close": 1604.0, "volume": 576605, "typical_volume": 357031.35, "trend": 1322.231659, "fair_value": 1530.920588, "relative_strength": 23.815589, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.414431, "energy": 43.893341, "activity_lines": [ 1667.346664, 1673.865452, 1568.503805, 1456.154618 ] } ], "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." } } }