{ "ticker": { "uuid": "a003a78d-15d9-477f-9d10-595aa839dc16", "symbol": "IXIGO", "name": "LE TRAVENUES TECHNOLOGY L", "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": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": -2.312, "architecture_energy": 8.84, "architecture_maturity": 56.736, "architecture_confidence": 52.467, "architecture_tenure": "Developing", "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": 59.05, "rotation_up": 22.03, "upward_expansion": 33.08, "deceleration": 67.09, "rotation_down": 39.07, "downward_expansion": 21.75 }, "activity_lines": [ 188.539333, 192.77709, 185.311857, 182.66486 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 176.25, "trend_reference": 184.089666, "distance_from_trend": -0.042586, "trend_direction": "Weakening", "fair_value": 189.883303, "distance_from_fair_value": -0.071798, "fair_value_direction": "Improving", "relative_strength": -19.95113, "relative_strength_direction": "Improving", "price_momentum": -0.173079, "excess_performance": -0.12937, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.042586, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.10575, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.071798, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.044412, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.199511, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.022317, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.173079, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.818943, "read": "Supply-led" } ], "volume": { "latest": 10348743, "relative_activity": 1.664396, "balance": 0.818943, "dry_up": 0.933061, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.107409, "annualized_volatility": 0.499391, "from_high_reference": -0.480318, "from_low_reference": 0.144481 }, "levels": { "trend_reference": 184.089666, "fair_value_reference": 189.883303, "structural_low": 154.0, "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": 1, "median_return": -0.115736, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.120381, "regime_survival": 1.0, "best_return": -0.115736, "worst_return": -0.115736, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-26", "end": "2026-01-09", "tenure": "New", "return": -0.148746, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-16", "end": "2026-01-30", "tenure": "New", "return": -0.110634, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-06", "end": "2026-06-19", "tenure": "Established", "return": -0.108661, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-26", "end": "2026-06-26", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", 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"fair_value": 189.883303, "relative_strength": -19.95113, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -2.311506, "energy": 8.839666, "activity_lines": [ 188.539333, 192.77709, 185.311857, 182.66486 ] } ], "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." } } }