{
  "ticker": {
    "uuid": "ab94d83c-feed-40b7-92da-7db8ab4db872",
    "symbol": "SANGAMIND",
    "name": "Sangam (India) 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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 67.475,
    "architecture_energy": 85.293,
    "architecture_maturity": 45.533,
    "architecture_confidence": 88.98,
    "architecture_tenure": "Established",
    "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": 3.68,
        "rotation_up": 78.37,
        "upward_expansion": 96.84,
        "deceleration": 42.25,
        "rotation_down": 9.82,
        "downward_expansion": 21.17
      },
      "activity_lines": [
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        531.671141
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 611.799988,
    "trend_reference": 501.817649,
    "distance_from_trend": 0.219168,
    "trend_direction": "Improving",
    "fair_value": 423.728222,
    "distance_from_fair_value": 0.44385,
    "fair_value_direction": "Improving",
    "relative_strength": 30.627172,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.289901,
    "excess_performance": 0.33361,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.219168,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.087434,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.44385,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.146073,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.306272,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.081805,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.289901,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.003705,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 121936,
      "relative_activity": 0.284523,
      "balance": 4.003705,
      "dry_up": 3.271,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.058135,
      "annualized_volatility": 0.299637,
      "from_high_reference": -0.09026,
      "from_low_reference": 0.80021
    },
    "levels": {
      "trend_reference": 501.817649,
      "fair_value_reference": 423.728222,
      "structural_low": 410.100006,
      "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": 28,
        "median_return": 0.01566,
        "positive_rate": 0.535714,
        "directional_follow_through": 0.535714,
        "median_excess_return": 0.021399,
        "regime_survival": 0.785714,
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        "worst_return": -0.24195,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "worst_return": -0.19131,
        "sufficient": true
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
      {
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        "typical_volume": 379581.75,
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        "energy": 87.100954,
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          528.28964,
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      },
      {
        "date": "2026-07-24",
        "close": 615.849976,
        "volume": 916370,
        "typical_volume": 421644.8,
        "trend": 492.487649,
        "fair_value": 420.043029,
        "relative_strength": 38.434123,
        "stage": 2,
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      },
      {
        "date": "2026-07-31",
        "close": 609.900024,
        "volume": 112520,
        "typical_volume": 423998.8,
        "trend": 496.810983,
        "fair_value": 421.897994,
        "relative_strength": 32.523989,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.447615,
        "energy": 87.587054,
        "activity_lines": [
          606.250004,
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      },
      {
        "date": "2026-08-07",
        "close": 611.799988,
        "volume": 121936,
        "typical_volume": 428562.35,
        "trend": 501.817649,
        "fair_value": 423.728222,
        "relative_strength": 30.627172,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.475055,
        "energy": 85.293119,
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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."
    }
  }
}