{
  "ticker": {
    "uuid": "b7edb137-33e6-49f6-9b49-c5f519461212",
    "symbol": "ENGINERSIN",
    "name": "Engineers 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": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 19.755,
    "architecture_energy": 16.894,
    "architecture_maturity": 28.381,
    "architecture_confidence": 90.662,
    "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": 58.96,
        "rotation_up": 22.69,
        "upward_expansion": 42.68,
        "deceleration": 83.64,
        "rotation_down": 35.58,
        "downward_expansion": 32.01
      },
      "activity_lines": [
        230.266005,
        234.075095,
        235.65167,
        229.784268
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 240.600006,
    "trend_reference": 218.983472,
    "distance_from_trend": 0.098713,
    "trend_direction": "Improving",
    "fair_value": 197.300632,
    "distance_from_fair_value": 0.219459,
    "fair_value_direction": "Weakening",
    "relative_strength": 15.192971,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.414253,
    "excess_performance": 0.457962,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.098713,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.063982,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.219459,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.149059,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.15193,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.137277,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.414253,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.72138,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 16698718,
      "relative_activity": 1.087233,
      "balance": 0.72138,
      "dry_up": 0.556403,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.072182,
      "annualized_volatility": 0.462459,
      "from_high_reference": -0.098876,
      "from_low_reference": 0.481961
    },
    "levels": {
      "trend_reference": 218.983472,
      "fair_value_reference": 197.300632,
      "structural_low": 171.236945,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 10,
        "median_return": 0.000337,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.008649,
        "regime_survival": 0.4,
        "best_return": 0.261741,
        "worst_return": -0.119911,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.002157,
        "regime_survival": 0.285714,
        "best_return": 0.301403,
        "worst_return": -0.153428,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.129246,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.056207,
        "regime_survival": 0.4,
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        "worst_return": -0.25916,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.018055,
        "regime_survival": 0.0,
        "best_return": 0.065751,
        "worst_return": -0.09085,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "rotation_down",
        "label": "Rotation Down",
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        "tenure": "Developing",
        "return": -0.077195,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-04-18",
        "tenure": "Extended",
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      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "active": false
      },
      {
        "regime": "balance",
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        "end": "2026-01-23",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "Developing",
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "return": -0.077415,
        "active": false
      },
      {
        "regime": "balance",
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      },
      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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      {
        "regime": "upward_expansion",
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      {
        "regime": "balance",
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        "active": true
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      },
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      },
      {
        "date": "2026-07-24",
        "close": 225.210007,
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        "typical_volume": 15779794.85,
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        "fair_value": 196.157954,
        "relative_strength": 12.12382,
        "stage": 2,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-07-31",
        "close": 220.100006,
        "volume": 4120654,
        "typical_volume": 15135584.1,
        "trend": 217.364259,
        "fair_value": 196.675124,
        "relative_strength": 6.619233,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 0.857771,
        "energy": 14.000687,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 240.600006,
        "volume": 16698718,
        "typical_volume": 15358919.75,
        "trend": 218.983472,
        "fair_value": 197.300632,
        "relative_strength": 15.192971,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 19.754829,
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        "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."
    }
  }
}