{
  "ticker": {
    "uuid": "756be4bf-63de-4462-84bc-eb207f3ce68d",
    "symbol": "ALKEM",
    "name": "Alkem Laboratories 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": 65.975,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 29.942,
    "architecture_energy": 43.515,
    "architecture_maturity": 5.93,
    "architecture_confidence": 55.645,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 38.86,
        "rotation_up": 59.55,
        "upward_expansion": 58.87,
        "deceleration": 22.97,
        "rotation_down": 20.54,
        "downward_expansion": 17.2
      },
      "activity_lines": [
        5646.314102,
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        5486.754777
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 5620.0,
    "trend_reference": 5487.614474,
    "distance_from_trend": 0.024124,
    "trend_direction": "Weakening",
    "fair_value": 5109.602459,
    "distance_from_fair_value": 0.09989,
    "fair_value_direction": "Weakening",
    "relative_strength": 3.001596,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.003289,
    "excess_performance": 0.04042,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.024124,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.006134,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.09989,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.030711,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.030016,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.050447,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.003289,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.652138,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 434605,
      "relative_activity": 0.870695,
      "balance": 1.652138,
      "dry_up": 1.25585,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.038578,
      "annualized_volatility": 0.2028,
      "from_high_reference": -0.0452,
      "from_low_reference": 0.195591
    },
    "levels": {
      "trend_reference": 5487.614474,
      "fair_value_reference": 5109.602459,
      "structural_low": 5075.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 2,
        "median_return": -0.010385,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.051479,
        "regime_survival": 0.0,
        "best_return": 0.016889,
        "worst_return": -0.037658,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.005437,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.014627,
        "regime_survival": 0.0,
        "best_return": 0.041919,
        "worst_return": -0.052792,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.09703,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.059477,
        "regime_survival": 0.0,
        "best_return": 0.116868,
        "worst_return": 0.077193,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.102816,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.059577,
        "regime_survival": 0.0,
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        "worst_return": 0.088838,
        "sufficient": false
      }
    ],
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        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-13",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "return": -0.022358,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-24",
        "end": "2025-04-25",
        "tenure": "Established",
        "return": 0.010069,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
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      {
        "regime": "rotation_up",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
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        "active": false
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        "active": false
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        "active": false
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      },
      {
        "date": "2026-03-20",
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      {
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      {
        "date": "2026-04-10",
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      {
        "date": "2026-04-17",
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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": "2026-07-17",
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        "typical_volume": 508579.7,
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          5452.93043
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      },
      {
        "date": "2026-07-24",
        "close": 5623.435547,
        "volume": 352539,
        "typical_volume": 512230.45,
        "trend": 5485.63693,
        "fair_value": 5086.243936,
        "relative_strength": 7.222015,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 31.500009,
        "energy": 43.101509,
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      },
      {
        "date": "2026-07-31",
        "close": 5739.727688,
        "volume": 628553,
        "typical_volume": 516545.45,
        "trend": 5492.035308,
        "fair_value": 5097.471693,
        "relative_strength": 6.322886,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 41.031864,
        "energy": 54.088514,
        "activity_lines": [
          5648.191326,
          5561.41203,
          5496.774977,
          5478.49899
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      },
      {
        "date": "2026-08-07",
        "close": 5620.0,
        "volume": 434605,
        "typical_volume": 499147.1,
        "trend": 5487.614474,
        "fair_value": 5109.602459,
        "relative_strength": 3.001596,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 29.942177,
        "energy": 43.51528,
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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."
    }
  }
}