{
  "ticker": {
    "uuid": "75c362d1-be05-49c8-8737-003ab9aa2c62",
    "symbol": "MAHLOG",
    "name": "Mahindra Logistics 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": 61.327,
    "architecture_energy": 65.005,
    "architecture_maturity": 9.931,
    "architecture_confidence": 82.565,
    "architecture_tenure": "New",
    "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": 28.3,
        "rotation_up": 73.52,
        "upward_expansion": 89.21,
        "deceleration": 42.76,
        "rotation_down": 9.05,
        "downward_expansion": 13.54
      },
      "activity_lines": [
        404.16334,
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        381.896728,
        380.395693
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 402.700012,
    "trend_reference": 374.906782,
    "distance_from_trend": 0.074134,
    "trend_direction": "Improving",
    "fair_value": 380.682704,
    "distance_from_fair_value": 0.057836,
    "fair_value_direction": "Improving",
    "relative_strength": 13.299679,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.110437,
    "excess_performance": 0.154146,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.074134,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.05305,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.057836,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.01328,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.132997,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.043971,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.110437,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.538173,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1438998,
      "relative_activity": 1.19495,
      "balance": 1.538173,
      "dry_up": 2.258658,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.063667,
      "annualized_volatility": 0.384519,
      "from_high_reference": -0.105111,
      "from_low_reference": 0.464098
    },
    "levels": {
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      "fair_value_reference": 380.682704,
      "structural_low": 330.450012,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 24,
        "median_return": -0.027502,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.025482,
        "regime_survival": 0.583333,
        "best_return": 0.212318,
        "worst_return": -0.156737,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.024122,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.05874,
        "regime_survival": 0.3,
        "best_return": 0.326132,
        "worst_return": -0.173051,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.101542,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": -0.025941,
        "regime_survival": 0.2,
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        "worst_return": -0.309474,
        "sufficient": true
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      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.228228,
        "sufficient": false
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-10-03",
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      {
        "regime": "balance",
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
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      {
        "regime": "downward_expansion",
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      },
      {
        "date": "2026-04-24",
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      },
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      },
      {
        "date": "2026-05-08",
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      },
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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        "modifier": "Upper balance after advance",
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      },
      {
        "date": "2026-06-05",
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        "fair_value": 380.114356,
        "relative_strength": 5.19,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
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      },
      {
        "date": "2026-06-12",
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        "fair_value": 379.94698,
        "relative_strength": 0.61682,
        "stage": 3,
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        "gate": "mixed",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": 7.094304,
        "stage": 2,
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        "gate": "mixed",
        "direction": -17.435448,
        "energy": 23.870693,
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 931594.05,
        "trend": 360.99678,
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        "relative_strength": 13.45528,
        "stage": 2,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 866324.7,
        "trend": 363.130114,
        "fair_value": 379.877719,
        "relative_strength": 12.202633,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 31.48726,
        "energy": 23.90026,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 387.350006,
        "volume": 723459,
        "typical_volume": 857781.15,
        "trend": 365.540114,
        "fair_value": 379.765713,
        "relative_strength": 11.529983,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 34.804908,
        "energy": 31.801288,
        "activity_lines": [
          383.045266,
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          372.091537,
          372.485714
        ]
      },
      {
        "date": "2026-07-24",
        "close": 416.350006,
        "volume": 6994464,
        "typical_volume": 1157251.3,
        "trend": 368.663448,
        "fair_value": 380.139079,
        "relative_strength": 22.176795,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 75.351593,
        "energy": 62.584977,
        "activity_lines": [
          396.167474,
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      },
      {
        "date": "2026-07-31",
        "close": 409.5,
        "volume": 1722877,
        "typical_volume": 1181778.25,
        "trend": 371.741782,
        "fair_value": 380.465044,
        "relative_strength": 16.588451,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.278279,
        "energy": 68.522818,
        "activity_lines": [
          402.760917,
          386.99513,
          379.445077,
          378.398388
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      },
      {
        "date": "2026-08-07",
        "close": 402.700012,
        "volume": 1438998,
        "typical_volume": 1204232.7,
        "trend": 374.906782,
        "fair_value": 380.682704,
        "relative_strength": 13.299679,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.326574,
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        "activity_lines": [
          404.16334,
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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."
    }
  }
}