{
  "ticker": {
    "uuid": "72d0c864-c7e3-41cc-bf77-0f5fc66599fc",
    "symbol": "KICL",
    "name": "Kalyani Investment Company 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": "2a",
    "phase_label": "Stage 2A \u00b7 Early 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": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 73.917,
    "architecture_energy": 54.926,
    "architecture_maturity": 32.319,
    "architecture_confidence": 91.331,
    "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": 9.06,
        "rotation_up": 61.44,
        "upward_expansion": 83.71,
        "deceleration": 58.52,
        "rotation_down": 22.16,
        "downward_expansion": 8.04
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.833333
    },
    "latest_close": 5646.5,
    "trend_reference": 4949.036654,
    "distance_from_trend": 0.140929,
    "trend_direction": "Improving",
    "fair_value": 4740.625962,
    "distance_from_fair_value": 0.191087,
    "fair_value_direction": "Improving",
    "relative_strength": 13.828147,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.181894,
    "excess_performance": 0.225603,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.140929,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.022548,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.191087,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.055536,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.138281,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.078429,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.181894,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.297883,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 6923,
      "relative_activity": 0.997536,
      "balance": 1.297883,
      "dry_up": 1.343028,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.049884,
      "annualized_volatility": 0.267755,
      "from_high_reference": -0.138583,
      "from_low_reference": 0.407754
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    "levels": {
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      "fair_value_reference": 4740.625962,
      "structural_low": 4011.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 29,
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        "positive_rate": 0.482759,
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        "median_excess_return": -0.015363,
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        "worst_return": -0.178648,
        "sufficient": true
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        "horizon": "Intermediate",
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        "worst_return": -0.212189,
        "sufficient": true
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        "horizon": "Extended",
        "sample_count": 6,
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        "sufficient": true
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        "horizon": "Full cycle",
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        "regime": "downward_expansion",
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      {
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      {
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      },
      {
        "date": "2026-04-10",
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      },
      {
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      },
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      },
      {
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      },
      {
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      },
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      },
      {
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      },
      {
        "date": "2026-06-05",
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        "modifier": "Structural repair",
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      },
      {
        "date": "2026-06-12",
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      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 4674.47468,
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        "energy": 79.730196,
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      },
      {
        "date": "2026-07-24",
        "close": 5298.0,
        "volume": 6769,
        "typical_volume": 7185.1,
        "trend": 4903.223324,
        "fair_value": 4696.582372,
        "relative_strength": 11.082113,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 63.883502,
        "energy": 66.035209,
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      },
      {
        "date": "2026-07-31",
        "close": 5498.5,
        "volume": 5097,
        "typical_volume": 7010.2,
        "trend": 4919.55332,
        "fair_value": 4718.630449,
        "relative_strength": 12.02105,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.584452,
        "energy": 53.714955,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 5646.5,
        "volume": 6923,
        "typical_volume": 6940.1,
        "trend": 4949.036654,
        "fair_value": 4740.625962,
        "relative_strength": 13.828147,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.916858,
        "energy": 54.926167,
        "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."
    }
  }
}