{
  "ticker": {
    "uuid": "a128c837-1521-489a-8283-fe247aab11e6",
    "symbol": "MANORG",
    "name": "Mangalam Organics 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_to_3_watch",
    "transition_label": "Stage 2 \u2192 3 watch",
    "confidence": 52.493,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": -1.22,
    "architecture_energy": 9.402,
    "architecture_maturity": 15.884,
    "architecture_confidence": 63.41,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 63.34,
        "rotation_up": 20.67,
        "upward_expansion": 49.54,
        "deceleration": 78.84,
        "rotation_down": 34.96,
        "downward_expansion": 27.54
      },
      "activity_lines": [
        497.629991,
        512.632721,
        517.715949,
        498.886772
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 457.899994,
    "trend_reference": 475.956665,
    "distance_from_trend": -0.037938,
    "trend_direction": "Improving",
    "fair_value": 451.042309,
    "distance_from_fair_value": 0.015204,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.725576,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.054219,
    "excess_performance": 0.097928,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.037938,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.018394,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.015204,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.338581,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.067256,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.317444,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.054219,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.265568,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 41542,
      "relative_activity": 0.793381,
      "balance": 0.265568,
      "dry_up": 0.636679,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.127455,
      "annualized_volatility": 0.6411,
      "from_high_reference": -0.28212,
      "from_low_reference": 0.285333
    },
    "levels": {
      "trend_reference": 475.956665,
      "fair_value_reference": 451.042309,
      "structural_low": 356.25,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 13,
        "median_return": -0.01067,
        "positive_rate": 0.461538,
        "directional_follow_through": 0.461538,
        "median_excess_return": -0.051753,
        "regime_survival": 0.615385,
        "best_return": 0.26498,
        "worst_return": -0.135522,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.045981,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.072821,
        "regime_survival": 0.166667,
        "best_return": 0.26247,
        "worst_return": -0.196285,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.026061,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.059863,
        "regime_survival": 0.25,
        "best_return": 0.041444,
        "worst_return": -0.141663,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.151063,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.007886,
        "regime_survival": 0.0,
        "best_return": 0.526941,
        "worst_return": -0.224815,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-13",
        "end": "2025-01-17",
        "tenure": "Developing",
        "return": -0.010968,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-24",
        "end": "2025-05-09",
        "tenure": "Established",
        "return": -0.066469,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-06-06",
        "tenure": "New",
        "return": -0.009521,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-13",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": -0.014132,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-08-29",
        "tenure": "Developing",
        "return": 0.115482,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-10-10",
        "tenure": "Developing",
        "return": -0.093003,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-17",
        "end": "2025-11-21",
        "tenure": "Developing",
        "return": -0.083744,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-28",
        "end": "2026-04-24",
        "tenure": "Established",
        "return": -0.095065,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-01",
        "end": "2026-05-01",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "New",
        "return": -0.038228,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-06-19",
        "tenure": "New",
        "return": 0.200234,
        "active": false
      },
      {
        "regime": "deceleration",
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        "color": "amber",
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        "end": "2026-07-10",
        "tenure": "New",
        "return": -0.031239,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-07-31",
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        "return": -0.123924,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "volume": 56009,
        "typical_volume": 39453.95,
        "trend": 461.215004,
        "fair_value": 442.643591,
        "relative_strength": -4.461952,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 17.777188,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 40992.25,
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        "fair_value": 442.564425,
        "relative_strength": -3.386364,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 18.947317,
        "activity_lines": [
          450.256669,
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          428.586192,
          440.033336
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      },
      {
        "date": "2026-05-08",
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        "volume": 317675,
        "typical_volume": 56180.2,
        "trend": 460.496669,
        "fair_value": 443.460258,
        "relative_strength": 25.018871,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 50.466039,
        "energy": 58.146778,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 574.75,
        "volume": 56290,
        "typical_volume": 58304.7,
        "trend": 463.076669,
        "fair_value": 444.138143,
        "relative_strength": 22.215121,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 45.123396,
        "energy": 69.166426,
        "activity_lines": [
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          456.592151
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 58781.35,
        "trend": 465.221668,
        "fair_value": 444.84263,
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        "stage": 3,
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        "gate": "mixed",
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        "energy": 75.442141,
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      },
      {
        "date": "2026-05-29",
        "close": 577.400024,
        "volume": 26309,
        "typical_volume": 55849.45,
        "trend": 467.360003,
        "fair_value": 445.799681,
        "relative_strength": 22.944792,
        "stage": 3,
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        "modifier": "Value reclamation",
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        "direction": 70.187067,
        "energy": 82.96709,
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      },
      {
        "date": "2026-06-05",
        "close": 469.450012,
        "volume": 61108,
        "typical_volume": 56884.0,
        "trend": 467.101669,
        "fair_value": 446.150322,
        "relative_strength": 0.985562,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 59.636427,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 55648.9,
        "trend": 464.803336,
        "fair_value": 446.375963,
        "relative_strength": 0.375469,
        "stage": 1,
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      },
      {
        "date": "2026-06-19",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 552.200012,
        "volume": 0,
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        "trend": 470.286669,
        "fair_value": 448.113464,
        "relative_strength": 15.590264,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.589915,
        "energy": 23.047863,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 3613,
        "typical_volume": 49191.55,
        "trend": 471.400001,
        "fair_value": 448.778527,
        "relative_strength": 8.275876,
        "stage": 2,
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        "modifier": "Recompressing",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 534.950012,
        "volume": 11203,
        "typical_volume": 48465.7,
        "trend": 473.148335,
        "fair_value": 449.545835,
        "relative_strength": 11.320387,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 50.088989,
        "energy": 32.756477,
        "activity_lines": [
          534.343335,
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      },
      {
        "date": "2026-07-17",
        "close": 557.599976,
        "volume": 27441,
        "typical_volume": 49265.75,
        "trend": 475.865,
        "fair_value": 450.228527,
        "relative_strength": 15.07363,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.909385,
        "energy": 37.014026,
        "activity_lines": [
          544.029993,
          536.479998,
          519.171665,
          496.347419
        ]
      },
      {
        "date": "2026-07-24",
        "close": 523.599976,
        "volume": 28396,
        "typical_volume": 50073.3,
        "trend": 477.253333,
        "fair_value": 450.682694,
        "relative_strength": 10.342927,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 50.101065,
        "energy": 27.638601,
        "activity_lines": [
          536.576652,
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          499.427094
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      },
      {
        "date": "2026-07-31",
        "close": 488.5,
        "volume": 35969,
        "typical_volume": 51139.85,
        "trend": 477.521665,
        "fair_value": 450.92404,
        "relative_strength": 0.273319,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 29.183678,
        "energy": 14.753904,
        "activity_lines": [
          520.079989,
          525.000903,
          521.704282,
          500.152686
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      },
      {
        "date": "2026-08-07",
        "close": 457.899994,
        "volume": 41542,
        "typical_volume": 52360.75,
        "trend": 475.956665,
        "fair_value": 451.042309,
        "relative_strength": -6.725576,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -1.219687,
        "energy": 9.402328,
        "activity_lines": [
          497.629991,
          512.632721,
          517.715949,
          498.886772
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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."
    }
  }
}