{
  "ticker": {
    "uuid": "ba787ea2-f7c3-4d97-a1c9-1a72b1a3a5f2",
    "symbol": "NITIRAJ",
    "name": "Nitiraj Engineers 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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 44.751,
    "architecture_energy": 41.145,
    "architecture_maturity": 7.177,
    "architecture_confidence": 59.857,
    "architecture_tenure": "New",
    "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": 28.3,
        "rotation_up": 67.7,
        "upward_expansion": 68.87,
        "deceleration": 55.36,
        "rotation_down": 11.6,
        "downward_expansion": 14.54
      },
      "activity_lines": [
        212.392668,
        204.412546,
        201.135525,
        201.953657
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
    },
    "latest_close": 208.679993,
    "trend_reference": 200.502334,
    "distance_from_trend": 0.040786,
    "trend_direction": "Improving",
    "fair_value": 201.372056,
    "distance_from_fair_value": 0.036291,
    "fair_value_direction": "Weakening",
    "relative_strength": 5.864309,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.113435,
    "excess_performance": 0.157144,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.040786,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.01689,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.036291,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.036947,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.058643,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.004451,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.113435,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.284773,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 12888,
      "relative_activity": 1.034786,
      "balance": 2.284773,
      "dry_up": 2.750798,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.075968,
      "annualized_volatility": 0.347858,
      "from_high_reference": -0.119419,
      "from_low_reference": 0.227602
    },
    "levels": {
      "trend_reference": 200.502334,
      "fair_value_reference": 201.372056,
      "structural_low": 169.990005,
      "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": 26,
        "median_return": 0.040461,
        "positive_rate": 0.538462,
        "directional_follow_through": 0.538462,
        "median_excess_return": 0.027476,
        "regime_survival": 0.730769,
        "best_return": 0.337668,
        "worst_return": -0.231742,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.040295,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "regime_survival": 0.3,
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        "worst_return": -0.373461,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.036975,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.021656,
        "regime_survival": 0.166667,
        "best_return": 1.255319,
        "worst_return": -0.419273,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "best_return": 1.758604,
        "worst_return": -0.120613,
        "sufficient": false
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        "end": "2024-01-12",
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        "return": 0.021241,
        "active": false
      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-11-22",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
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      },
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        "regime": "deceleration",
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        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "color": "red",
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      {
        "regime": "balance",
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        "end": "2026-02-27",
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        "date": "2026-04-24",
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      },
      {
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      },
      {
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        "fair_value": 198.357763,
        "relative_strength": -5.202947,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 13172.75,
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        "fair_value": 199.165822,
        "relative_strength": 12.241896,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 16.145875,
        "energy": 8.955906,
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      },
      {
        "date": "2026-07-24",
        "close": 220.220001,
        "volume": 35290,
        "typical_volume": 14199.4,
        "trend": 198.697334,
        "fair_value": 199.934028,
        "relative_strength": 15.802684,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 26.193366,
        "energy": 23.655664,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 215.820007,
        "volume": 21220,
        "typical_volume": 12968.45,
        "trend": 199.671334,
        "fair_value": 200.654731,
        "relative_strength": 10.340307,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": 48.406165,
        "energy": 39.189686,
        "activity_lines": [
          211.077337,
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      },
      {
        "date": "2026-08-07",
        "close": 208.679993,
        "volume": 12888,
        "typical_volume": 12454.75,
        "trend": 200.502334,
        "fair_value": 201.372056,
        "relative_strength": 5.864309,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 44.750739,
        "energy": 41.144655,
        "activity_lines": [
          212.392668,
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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."
    }
  }
}