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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": 58.912, "architecture_energy": 46.454, "architecture_maturity": 69.724, "architecture_confidence": 64.648, "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": 18.32, "rotation_up": 46.21, "upward_expansion": 74.22, "deceleration": 71.43, "rotation_down": 26.3, "downward_expansion": 12.22 }, "activity_lines": [ 130.364304, 130.006085, 120.047096, 113.671582 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 127.889999, "trend_reference": 107.768119, "distance_from_trend": 0.186715, "trend_direction": "Improving", "fair_value": 130.690399, "distance_from_fair_value": -0.021428, "fair_value_direction": "Improving", "relative_strength": 12.425757, "relative_strength_direction": "Improving", "price_momentum": 0.211883, "excess_performance": 0.255592, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.186715, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.045555, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.021428, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.134561, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.124258, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.20626, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.211883, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.944826, "read": "Demand-led" } ], "volume": { "latest": 1466634, "relative_activity": 0.795915, "balance": 1.944826, "dry_up": 3.156199, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.092201, "annualized_volatility": 0.436209, "from_high_reference": -0.144549, "from_low_reference": 0.598625 }, "levels": { "trend_reference": 107.768119, "fair_value_reference": 130.690399, "structural_low": 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94.625898, "activity_lines": [ 128.567341, 117.518871, 108.304255, 105.582213 ] }, { "date": "2026-07-10", "close": 132.889404, "volume": 2096538, "typical_volume": 1049957.8, "trend": 104.661033, "fair_value": 129.578328, "relative_strength": 17.494378, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.830449, "energy": 89.106755, "activity_lines": [ 132.303038, 121.470007, 111.180905, 107.460473 ] }, { "date": "2026-07-17", "close": 126.002602, "volume": 2960540, "typical_volume": 1115653.05, "trend": 105.496453, "fair_value": 129.816099, "relative_strength": 11.333339, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.567317, "energy": 86.54928, "activity_lines": [ 131.691841, 123.55919, 113.248767, 108.837348 ] }, { "date": "2026-07-24", "close": 134.839996, "volume": 17752936, "typical_volume": 1964278.9, "trend": 106.581119, "fair_value": 130.118798, "relative_strength": 22.101754, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.083765, "energy": 70.118758, "activity_lines": [ 132.847602, 126.928761, 116.041559, 110.73048 ] }, { "date": "2026-07-31", "close": 131.649994, "volume": 1083632, "typical_volume": 1853092.8, "trend": 107.371785, "fair_value": 130.409645, "relative_strength": 16.390506, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.399745, "energy": 53.203228, "activity_lines": [ 131.999231, 129.104877, 118.331351, 112.347827 ] }, { "date": "2026-08-07", "close": 127.889999, "volume": 1466634, "typical_volume": 1842702.45, "trend": 107.768119, "fair_value": 130.690399, "relative_strength": 12.425757, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.912418, "energy": 46.453858, "activity_lines": [ 130.364304, 130.006085, 120.047096, 113.671582 ] } ], "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." } } }