{
  "ticker": {
    "uuid": "689fcd78-0e98-4bc2-a081-3e2efa2968f9",
    "symbol": "MANINDS",
    "name": "Man Industries (India) 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": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 36.547,
    "architecture_energy": 21.033,
    "architecture_maturity": 62.65,
    "architecture_confidence": 96,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 41.0,
        "rotation_up": 26.76,
        "upward_expansion": 57.34,
        "deceleration": 87.68,
        "rotation_down": 29.04,
        "downward_expansion": 18.67
      },
      "activity_lines": [
        540.806653,
        549.953627,
        544.804995,
        517.874082
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 555.049988,
    "trend_reference": 476.238331,
    "distance_from_trend": 0.165488,
    "trend_direction": "Improving",
    "fair_value": 370.747499,
    "distance_from_fair_value": 0.497111,
    "fair_value_direction": "Weakening",
    "relative_strength": 24.348605,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.52759,
    "excess_performance": 0.5713,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.165488,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.106236,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.497111,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.07789,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.243486,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.092804,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.52759,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.412838,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1376424,
      "relative_activity": 0.494022,
      "balance": 3.412838,
      "dry_up": 0.335105,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.085862,
      "annualized_volatility": 0.642813,
      "from_high_reference": -0.094535,
      "from_low_reference": 0.83761
    },
    "levels": {
      "trend_reference": 476.238331,
      "fair_value_reference": 370.747499,
      "structural_low": 315.549988,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 9,
        "median_return": -0.012126,
        "positive_rate": 0.444444,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.042407,
        "regime_survival": 0.555556,
        "best_return": 0.171608,
        "worst_return": -0.094017,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.069777,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.02955,
        "regime_survival": 0.2,
        "best_return": 0.74189,
        "worst_return": -0.131659,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.122967,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.023986,
        "regime_survival": 0.0,
        "best_return": 2.016045,
        "worst_return": -0.271546,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.946181,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.797374,
        "regime_survival": 0.0,
        "best_return": 2.108824,
        "worst_return": -0.216463,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-06",
        "end": "2024-09-20",
        "tenure": "New",
        "return": -0.028633,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-09-27",
        "end": "2024-10-18",
        "tenure": "New",
        "return": -0.083685,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-10-25",
        "end": "2025-04-18",
        "tenure": "Established",
        "return": 0.003962,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-25",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.221449,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-30",
        "end": "2025-06-13",
        "tenure": "New",
        "return": -0.003989,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-20",
        "end": "2025-08-22",
        "tenure": "Developing",
        "return": 0.073848,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-29",
        "end": "2025-11-28",
        "tenure": "Established",
        "return": 0.219346,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-05",
        "end": "2025-12-19",
        "tenure": "New",
        "return": -0.078469,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-26",
        "end": "2026-01-09",
        "tenure": "New",
        "return": -0.102476,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-16",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-03-06",
        "end": "2026-03-13",
        "tenure": "New",
        "return": -0.025249,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
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        "active": false
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      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "return": 0.042739,
        "active": true
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    ],
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "volume": 565554,
        "typical_volume": 2813676.65,
        "trend": 469.458331,
        "fair_value": 368.092691,
        "relative_strength": 20.852558,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.132376,
        "energy": 20.455686,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 555.049988,
        "volume": 1376424,
        "typical_volume": 2786158.95,
        "trend": 476.238331,
        "fair_value": 370.747499,
        "relative_strength": 24.348605,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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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."
    }
  }
}