{ "ticker": { "uuid": "6c6dddef-851f-4124-b1b9-8ca484ff5270", "symbol": "ICRA", "name": "ICRA 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -61.507, "architecture_energy": 56.622, "architecture_maturity": 80.431, "architecture_confidence": 79.488, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 11.59, "rotation_up": 13.05, "upward_expansion": 10.02, "deceleration": 42.69, "rotation_down": 68.63, "downward_expansion": 85.68 }, "activity_lines": [ 4990.444075, 5056.2538, 5160.119875, 5233.470728 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 5092.399902, "trend_reference": 5390.95905, "distance_from_trend": -0.055381, "trend_direction": "Weakening", "fair_value": 5828.00497, "distance_from_fair_value": -0.126219, "fair_value_direction": "Weakening", "relative_strength": -10.715558, "relative_strength_direction": "Weakening", "price_momentum": -0.140306, "excess_performance": -0.096596, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.055381, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.061335, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.126219, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.06446, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.107156, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.032841, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.140306, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.494566, "read": "Demand-led" } ], "volume": { "latest": 281624, "relative_activity": 3.828452, "balance": 1.494566, "dry_up": 3.160515, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.045206, "annualized_volatility": 0.17405, "from_high_reference": -0.270639, "from_low_reference": 0.085337 }, "levels": { "trend_reference": 5390.95905, "fair_value_reference": 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"direction": -65.1826, "energy": 42.286948, "activity_lines": [ 5162.114453, 5186.564995, 5250.172812, 5336.779584 ] }, { "date": "2026-07-24", "close": 4804.0, "volume": 184301, "typical_volume": 49187.1, "trend": 5466.362386, "fair_value": 5836.069489, "relative_strength": -13.693657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.857176, "energy": 67.664693, "activity_lines": [ 5036.256348, 5109.649148, 5205.397233, 5291.183086 ] }, { "date": "2026-07-31", "close": 4903.0, "volume": 246929, "typical_volume": 60391.6, "trend": 5423.579053, "fair_value": 5832.129442, "relative_strength": -13.701858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.7735, "energy": 69.008634, "activity_lines": [ 4970.666048, 5061.387846, 5172.876416, 5254.837125 ] }, { "date": "2026-08-07", "close": 5092.399902, "volume": 281624, "typical_volume": 73560.8, "trend": 5390.95905, "fair_value": 5828.00497, "relative_strength": -10.715558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.506875, "energy": 56.622465, "activity_lines": [ 4990.444075, 5056.2538, 5160.119875, 5233.470728 ] } ], "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." } } }