{ "ticker": { "uuid": "9d7af95d-c7a4-44a8-9689-bf174a4ee03b", "symbol": "ECLERX", "name": "eClerx Services 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 69.229, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 36.874, "architecture_energy": 65.757, "architecture_maturity": 12.937, "architecture_confidence": 57.365, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 33.69, "rotation_up": 71.03, "upward_expansion": 61.95, "deceleration": 23.97, "rotation_down": 16.11, "downward_expansion": 22.62 }, "activity_lines": [ 1826.353329, 1714.109089, 1619.292852, 1607.168383 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 1769.099976, "trend_reference": 1666.278333, "distance_from_trend": 0.061707, "trend_direction": "Weakening", "fair_value": 1536.391237, "distance_from_fair_value": 0.151465, "fair_value_direction": "Improving", "relative_strength": -5.009657, "relative_strength_direction": "Improving", "price_momentum": -0.154734, "excess_performance": -0.111025, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.061707, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.116679, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.151465, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.018203, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.050097, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.054336, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.154734, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.223202, "read": "Demand-led" } ], "volume": { "latest": 1509684, "relative_activity": 0.993216, "balance": 1.223202, "dry_up": 1.866254, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.092955, "annualized_volatility": 0.580059, "from_high_reference": -0.291652, "from_low_reference": 0.315903 }, "levels": { "trend_reference": 1666.278333, "fair_value_reference": 1536.391237, "structural_low": 1344.400024, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": -0.015547, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.007765, "regime_survival": 0.25, "best_return": 0.11528, "worst_return": -0.055403, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.190049, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.20053, "regime_survival": 0.0, "best_return": 0.235589, "worst_return": -0.042759, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.317184, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.292938, "regime_survival": 0.0, "best_return": 0.340268, "worst_return": 0.130851, "sufficient": false 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"energy": 17.616457, "activity_lines": [ 1500.706657, 1481.069081, 1491.329991, 1566.667521 ] }, { "date": "2026-07-17", "close": 1979.800049, "volume": 5343251, "typical_volume": 1404184.65, "trend": 1717.081665, "fair_value": 1517.688511, "relative_strength": 7.091944, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 21.173901, "energy": 29.057282, "activity_lines": [ 1671.993343, 1569.267274, 1536.900949, 1583.009675 ] }, { "date": "2026-07-24", "close": 1861.5, "volume": 2905003, "typical_volume": 1472500.5, "trend": 1701.108333, "fair_value": 1524.138369, "relative_strength": 2.965967, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.452155, "energy": 44.09584, "activity_lines": [ 1764.926676, 1630.300002, 1569.330949, 1592.326987 ] }, { "date": "2026-07-31", "close": 1846.0, "volume": 1588855, "typical_volume": 1490032.9, "trend": 1683.95, "fair_value": 1530.523283, "relative_strength": -0.43124, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.365786, "energy": 56.691187, "activity_lines": [ 1823.17334, 1681.634548, 1598.615235, 1601.674836 ] }, { "date": "2026-08-07", "close": 1769.099976, "volume": 1509684, "typical_volume": 1519996.15, "trend": 1666.278333, "fair_value": 1536.391237, "relative_strength": -5.009657, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.87401, "energy": 65.75743, "activity_lines": [ 1826.353329, 1714.109089, 1619.292852, 1607.168383 ] } ], "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." } } }