{
  "ticker": {
    "uuid": "98ded611-36d3-4a12-bbd9-7f79ef7772d9",
    "symbol": "MMP",
    "name": "MMP Industries 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": 85.371,
    "architecture_energy": 76.515,
    "architecture_maturity": 30.0,
    "architecture_confidence": 86.034,
    "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": 9.06,
        "rotation_up": 73.73,
        "upward_expansion": 91.62,
        "deceleration": 42.76,
        "rotation_down": 13.86,
        "downward_expansion": 15.96
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
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    "latest_close": 326.25,
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    "distance_from_trend": 0.258938,
    "trend_direction": "Improving",
    "fair_value": 271.02282,
    "distance_from_fair_value": 0.203773,
    "fair_value_direction": "Improving",
    "relative_strength": 25.342013,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.266498,
    "excess_performance": 0.310208,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.258938,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.033871,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.203773,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.10574,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.25342,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.094719,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.266498,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.420457,
        "read": "Demand-led"
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    ],
    "volume": {
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      "relative_activity": 3.723838,
      "balance": 1.420457,
      "dry_up": 1.721976,
      "accumulation_observations": 3,
      "distribution_observations": 3
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    "risk": {
      "range_context": 0.067919,
      "annualized_volatility": 0.435067,
      "from_high_reference": -0.0403,
      "from_low_reference": 0.761609
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      "fair_value_reference": 271.02282,
      "structural_low": 185.199997,
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        "sufficient": true
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 160838.65,
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        "fair_value": 269.115218,
        "relative_strength": 10.677849,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-07-24",
        "close": 281.700012,
        "volume": 231853,
        "typical_volume": 167511.7,
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        "fair_value": 269.630294,
        "relative_strength": 12.817753,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 57.2892,
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      },
      {
        "date": "2026-07-31",
        "close": 292.5,
        "volume": 227136,
        "typical_volume": 173849.05,
        "trend": 256.653668,
        "fair_value": 270.21334,
        "relative_strength": 13.860315,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.298737,
        "energy": 50.808346,
        "activity_lines": [
          285.946673,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 326.25,
        "volume": 768307,
        "typical_volume": 206321.3,
        "trend": 259.147001,
        "fair_value": 271.02282,
        "relative_strength": 25.342013,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.371083,
        "energy": 76.514641,
        "activity_lines": [
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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."
    }
  }
}