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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": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 87.557, "architecture_energy": 94.832, "architecture_maturity": 18.341, "architecture_confidence": 79.812, "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": 7.85, "rotation_up": 85.62, "upward_expansion": 97.66, "deceleration": 41.83, "rotation_down": 8.09, "downward_expansion": 21.99 }, "activity_lines": [ 11254.933333, 10769.945455, 10459.403376, 10188.743937 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 11662.0, "trend_reference": 9889.194954, "distance_from_trend": 0.179267, "trend_direction": "Improving", "fair_value": 8446.191707, "distance_from_fair_value": 0.380741, "fair_value_direction": "Improving", "relative_strength": 24.172179, "relative_strength_direction": "Improving", "price_momentum": 0.242436, "excess_performance": 0.286145, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.179267, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.055071, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.380741, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.050925, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.241722, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.010916, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.242436, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 6.333887, "read": "Demand-led" } ], "volume": { "latest": 1431006, "relative_activity": 0.910343, "balance": 6.333887, "dry_up": 1.616487, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.037051, "annualized_volatility": 0.285386, "from_high_reference": -0.016363, "from_low_reference": 0.45418 }, "levels": { "trend_reference": 9889.194954, "fair_value_reference": 8446.191707, 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"2026-07-24", "close": 11130.0, "volume": 4086736, "typical_volume": 1614477.9, "trend": 9743.125488, "fair_value": 8354.526236, "relative_strength": 24.334733, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 81.903428, "energy": 65.189104, "activity_lines": [ 10486.933333, 10309.501705, 10142.760319, 9954.899647 ] }, { "date": "2026-07-31", "close": 11520.5, "volume": 1548980, "typical_volume": 1586271.35, "trend": 9814.788021, "fair_value": 8399.560081, "relative_strength": 24.494437, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.987617, "energy": 89.564434, "activity_lines": [ 10903.266667, 10537.018182, 10300.935817, 10069.568971 ] }, { "date": "2026-08-07", "close": 11662.0, "volume": 1431006, "typical_volume": 1571942.4, "trend": 9889.194954, "fair_value": 8446.191707, "relative_strength": 24.172179, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.557309, "energy": 94.831836, "activity_lines": [ 11254.933333, 10769.945455, 10459.403376, 10188.743937 ] } ], "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." } } }