{
  "ticker": {
    "uuid": "8877d28c-dd1e-4e0b-899d-a54c70d6e433",
    "symbol": "PHOENIXLTD",
    "name": "The Phoenix Mills 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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 92.07,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 46.549,
    "architecture_energy": 35.564,
    "architecture_maturity": 63.169,
    "architecture_confidence": 58.076,
    "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": 25.1,
        "rotation_up": 39.85,
        "upward_expansion": 66.96,
        "deceleration": 65.41,
        "rotation_down": 26.13,
        "downward_expansion": 16.96
      },
      "activity_lines": [
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        1839.099345
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 1895.5,
    "trend_reference": 1781.329989,
    "distance_from_trend": 0.064093,
    "trend_direction": "Improving",
    "fair_value": 1554.604868,
    "distance_from_fair_value": 0.219281,
    "fair_value_direction": "Weakening",
    "relative_strength": 9.804014,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.092381,
    "excess_performance": 0.13609,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.064093,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.027424,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.219281,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.031534,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.09804,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.051048,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.092381,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.849014,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2032560,
      "relative_activity": 0.875266,
      "balance": 0.849014,
      "dry_up": 1.433673,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.057188,
      "annualized_volatility": 0.311282,
      "from_high_reference": -0.126417,
      "from_low_reference": 0.353684
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    "levels": {
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      "fair_value_reference": 1554.604868,
      "structural_low": 1465.599976,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 36,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "worst_return": -0.138348,
        "sufficient": true
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        "horizon": "Intermediate",
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        "sufficient": true
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      },
      {
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      },
      {
        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
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        "trend": 1781.329989,
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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."
    }
  }
}