{
  "ticker": {
    "uuid": "6f29c928-273f-4fae-8216-59c66024ce18",
    "symbol": "WELSPUNLIV",
    "name": "Welspun Living 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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 53.399,
    "architecture_energy": 43.269,
    "architecture_maturity": 76.964,
    "architecture_confidence": 61.182,
    "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": 16.89,
        "rotation_up": 43.41,
        "upward_expansion": 68.39,
        "deceleration": 65.45,
        "rotation_down": 26.55,
        "downward_expansion": 18.39
      },
      "activity_lines": [
        161.678665,
        162.137275,
        153.3403,
        145.982379
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 164.089996,
    "trend_reference": 138.096344,
    "distance_from_trend": 0.188228,
    "trend_direction": "Improving",
    "fair_value": 141.289237,
    "distance_from_fair_value": 0.161376,
    "fair_value_direction": "Improving",
    "relative_strength": 23.848822,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.169148,
    "excess_performance": 0.212858,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.188228,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.062803,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.161376,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.181429,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.238488,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.162275,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.169148,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.790392,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 10593896,
      "relative_activity": 1.50662,
      "balance": 0.790392,
      "dry_up": 1.240299,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.068076,
      "annualized_volatility": 0.342752,
      "from_high_reference": -0.062182,
      "from_low_reference": 0.53212
    },
    "levels": {
      "trend_reference": 138.096344,
      "fair_value_reference": 141.289237,
      "structural_low": 107.099998,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 18,
        "median_return": 0.016664,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
        "median_excess_return": 0.00827,
        "regime_survival": 0.777778,
        "best_return": 0.292625,
        "worst_return": -0.155215,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "worst_return": -0.192853,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.172886,
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        "regime_survival": 0.25,
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        "worst_return": -0.165435,
        "sufficient": false
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      {
        "horizon": "Full cycle",
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        "worst_return": -0.34055,
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      {
        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "regime": "deceleration",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 7245350.9,
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        "stage": 2,
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      },
      {
        "date": "2026-07-24",
        "close": 162.0,
        "volume": 5751145,
        "typical_volume": 7187288.35,
        "trend": 135.96501,
        "fair_value": 140.716119,
        "relative_strength": 27.917925,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 65.311968,
        "energy": 72.711081,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 155.940002,
        "volume": 5328698,
        "typical_volume": 7002903.15,
        "trend": 136.74901,
        "fair_value": 140.98431,
        "relative_strength": 19.389728,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.356068,
        "energy": 51.027126,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 164.089996,
        "volume": 10593896,
        "typical_volume": 7031563.1,
        "trend": 138.096344,
        "fair_value": 141.289237,
        "relative_strength": 23.848822,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.399012,
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        "activity_lines": [
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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."
    }
  }
}