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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": "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": "Established expansion", "architecture_gate": "up", "architecture_direction": 82.437, "architecture_energy": 82.974, "architecture_maturity": 52.0, "architecture_confidence": 86.312, "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": 1.56, "rotation_up": 79.71, "upward_expansion": 96.23, "deceleration": 40.79, "rotation_down": 13.07, "downward_expansion": 18.23 }, "activity_lines": [ 840.369999, 812.833636, 767.075698, 733.588644 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 875.950012, "trend_reference": 691.596075, "distance_from_trend": 0.266563, "trend_direction": "Improving", "fair_value": 504.411425, "distance_from_fair_value": 0.736578, "fair_value_direction": "Improving", "relative_strength": 46.444714, "relative_strength_direction": "Improving", "price_momentum": 0.384135, "excess_performance": 0.427844, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.266563, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.153382, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.736578, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.223157, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.464447, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.03367, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.384135, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 6.977854, "read": "Demand-led" } ], "volume": { "latest": 920152, "relative_activity": 0.458264, "balance": 6.977854, "dry_up": 1.762787, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.062149, "annualized_volatility": 0.364166, "from_high_reference": -0.044766, "from_low_reference": 1.127125 }, "levels": { "trend_reference": 691.596075, "fair_value_reference": 504.411425, "structural_low": 570.049988, 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"Re-accelerating", "gate": "up", "direction": 69.151509, "energy": 55.598853, "activity_lines": [ 784.993319, 764.425163, 726.353539, 699.903152 ] }, { "date": "2026-07-24", "close": 804.5, "volume": 918261, "typical_volume": 1537456.6, "trend": 670.479409, "fair_value": 498.852966, "relative_strength": 42.995033, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.995251, "energy": 59.849774, "activity_lines": [ 793.773324, 776.122136, 737.043623, 709.193943 ] }, { "date": "2026-07-31", "close": 854.0, "volume": 11285776, "typical_volume": 2023415.3, "trend": 681.352743, "fair_value": 501.591436, "relative_strength": 45.948019, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.490283, "energy": 75.301489, "activity_lines": [ 817.459994, 794.14035, 751.617755, 721.033981 ] }, { "date": "2026-08-07", "close": 875.950012, "volume": 920152, "typical_volume": 2007906.4, "trend": 691.596075, "fair_value": 504.411425, "relative_strength": 46.444714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.436661, "energy": 82.974167, "activity_lines": [ 840.369999, 812.833636, 767.075698, 733.588644 ] } ], "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." } } }