{
  "ticker": {
    "uuid": "7c83cb7a-b842-4625-9b2b-0bddb0f58cf6",
    "symbol": "IL&FSENGG",
    "name": "IL&FS Engineering and Construction 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": "2c",
    "phase_label": "Stage 2C \u00b7 Late 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": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 78.956,
    "architecture_energy": 77.535,
    "architecture_maturity": 22.0,
    "architecture_confidence": 84.617,
    "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": 21.11,
        "rotation_up": 71.3,
        "upward_expansion": 87.86,
        "deceleration": 48.06,
        "rotation_down": 10.71,
        "downward_expansion": 16.86
      },
      "activity_lines": [
        34.039333,
        32.217818,
        30.497143,
        29.076021
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 36.860001,
    "trend_reference": 27.397,
    "distance_from_trend": 0.345403,
    "trend_direction": "Improving",
    "fair_value": 31.826538,
    "distance_from_fair_value": 0.158153,
    "fair_value_direction": "Improving",
    "relative_strength": 32.56051,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.424266,
    "excess_performance": 0.467975,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.345403,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.053515,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.158153,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.224652,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.325605,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.328297,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.424266,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.585558,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 190232,
      "relative_activity": 1.937261,
      "balance": 1.585558,
      "dry_up": 1.521564,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.092992,
      "annualized_volatility": 0.574422,
      "from_high_reference": -0.011796,
      "from_low_reference": 0.755238
    },
    "levels": {
      "trend_reference": 27.397,
      "fair_value_reference": 31.826538,
      "structural_low": 21.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 20,
        "median_return": 0.033445,
        "positive_rate": 0.55,
        "directional_follow_through": 0.55,
        "median_excess_return": 0.017571,
        "regime_survival": 0.7,
        "best_return": 1.517857,
        "worst_return": -0.264172,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.238683,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": 0.257049,
        "regime_survival": 0.428571,
        "best_return": 1.150442,
        "worst_return": -0.508718,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.355932,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.315515,
        "regime_survival": 0.4,
        "best_return": 2.165584,
        "worst_return": -0.299077,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.967213,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.933382,
        "regime_survival": 0.0,
        "best_return": 1.218831,
        "worst_return": -0.417472,
        "sufficient": false
      }
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        "label": "Deceleration",
        "color": "amber",
        "start": "2024-03-22",
        "end": "2024-05-17",
        "tenure": "Developing",
        "return": -0.147687,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-06-07",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "tenure": "Developing",
        "return": 0.442668,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-02-21",
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        "active": false
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      {
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        "return": -0.013286,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "start": "2025-03-14",
        "end": "2025-04-18",
        "tenure": "Developing",
        "return": 0.181344,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "active": false
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      },
      {
        "date": "2026-05-01",
        "close": 26.299999,
        "volume": 123212,
        "typical_volume": 168739.7,
        "trend": 25.820333,
        "fair_value": 30.249936,
        "relative_strength": -7.412838,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 12.189826,
        "energy": 18.939513,
        "activity_lines": [
          26.492,
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          25.118333,
          25.38372
        ]
      },
      {
        "date": "2026-05-08",
        "close": 28.34,
        "volume": 121212,
        "typical_volume": 172605.8,
        "trend": 25.852667,
        "fair_value": 30.358846,
        "relative_strength": -0.269215,
        "stage": 1,
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        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 23.360844,
        "energy": 34.612968,
        "activity_lines": [
          27.187333,
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          25.54628
        ]
      },
      {
        "date": "2026-05-15",
        "close": 26.790001,
        "volume": 128237,
        "typical_volume": 177469.75,
        "trend": 25.865,
        "fair_value": 30.452372,
        "relative_strength": -2.732275,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 13.559177,
        "energy": 20.339793,
        "activity_lines": [
          27.08,
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          25.572095,
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        ]
      },
      {
        "date": "2026-05-22",
        "close": 27.99,
        "volume": 155914,
        "typical_volume": 184648.55,
        "trend": 25.898,
        "fair_value": 30.556795,
        "relative_strength": 1.995773,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 29.005405,
        "energy": 28.866666,
        "activity_lines": [
          27.382,
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          25.83481,
          25.74385
        ]
      },
      {
        "date": "2026-05-29",
        "close": 30.780001,
        "volume": 225759,
        "typical_volume": 192221.8,
        "trend": 26.005333,
        "fair_value": 30.6775,
        "relative_strength": 13.346402,
        "stage": 1,
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        "modifier": "Balance after decline",
        "gate": "up",
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        "energy": 57.920047,
        "activity_lines": [
          28.614,
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 27.639999,
        "volume": 23908,
        "typical_volume": 187953.1,
        "trend": 26.034667,
        "fair_value": 30.781282,
        "relative_strength": 3.068699,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.256427,
        "energy": 41.677135,
        "activity_lines": [
          28.480667,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 187576.85,
        "trend": 26.129,
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        "relative_strength": 7.183605,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "volume": 16424,
        "typical_volume": 185130.15,
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        "fair_value": 31.028974,
        "relative_strength": 17.473106,
        "stage": 2,
        "regime": "upward_expansion",
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        "energy": 62.709563,
        "activity_lines": [
          29.933333,
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 30.450001,
        "volume": 0,
        "typical_volume": 176334.15,
        "trend": 26.347,
        "fair_value": 31.152692,
        "relative_strength": 11.09322,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.466056,
        "energy": 51.25999,
        "activity_lines": [
          30.25,
          29.350545,
          27.848286,
          27.006452
        ]
      },
      {
        "date": "2026-07-03",
        "close": 30.0,
        "volume": 4723,
        "typical_volume": 164729.75,
        "trend": 26.387333,
        "fair_value": 31.272564,
        "relative_strength": 8.718871,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.846855,
        "energy": 52.173739,
        "activity_lines": [
          30.252666,
          29.616364,
          28.169809,
          27.242129
        ]
      },
      {
        "date": "2026-07-10",
        "close": 28.549999,
        "volume": 74615,
        "typical_volume": 122553.95,
        "trend": 26.472333,
        "fair_value": 31.386987,
        "relative_strength": 4.039584,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.897811,
        "energy": 43.175593,
        "activity_lines": [
          29.824,
          29.545818,
          28.334476,
          27.381656
        ]
      },
      {
        "date": "2026-07-17",
        "close": 27.57,
        "volume": 76738,
        "typical_volume": 109556.55,
        "trend": 26.521,
        "fair_value": 31.477179,
        "relative_strength": 0.494148,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 38.921569,
        "energy": 21.412144,
        "activity_lines": [
          29.008,
          29.256182,
          28.37719,
          27.452473
        ]
      },
      {
        "date": "2026-07-24",
        "close": 31.559999,
        "volume": 100265,
        "typical_volume": 109630.0,
        "trend": 26.675333,
        "fair_value": 31.569872,
        "relative_strength": 17.913537,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 53.378772,
        "energy": 27.639263,
        "activity_lines": [
          29.612,
          29.706,
          28.791,
          27.77757
        ]
      },
      {
        "date": "2026-07-31",
        "close": 36.98,
        "volume": 230413,
        "typical_volume": 92506.95,
        "trend": 27.038667,
        "fair_value": 31.69891,
        "relative_strength": 34.357972,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 80.704724,
        "energy": 54.028888,
        "activity_lines": [
          32.063333,
          31.054545,
          29.685238,
          28.442387
        ]
      },
      {
        "date": "2026-08-07",
        "close": 36.860001,
        "volume": 190232,
        "typical_volume": 98196.35,
        "trend": 27.397,
        "fair_value": 31.826538,
        "relative_strength": 32.56051,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.956034,
        "energy": 77.535311,
        "activity_lines": [
          34.039333,
          32.217818,
          30.497143,
          29.076021
        ]
      }
    ],
    "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."
    }
  }
}