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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": "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": "Early expansion", "architecture_gate": "up", "architecture_direction": 80.952, "architecture_energy": 75.87, "architecture_maturity": 29.9, "architecture_confidence": 89.961, "architecture_tenure": "Developing", "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": 3.51, "rotation_up": 71.63, "upward_expansion": 90.84, "deceleration": 48.96, "rotation_down": 18.06, "downward_expansion": 15.18 }, "activity_lines": [ 1513.576416, 1483.061772, 1422.459399, 1365.314516 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 1556.699951, "trend_reference": 1298.608586, "distance_from_trend": 0.198745, "trend_direction": "Improving", "fair_value": 1319.217007, "distance_from_fair_value": 0.180018, "fair_value_direction": "Improving", "relative_strength": 17.183938, "relative_strength_direction": "Improving", "price_momentum": 0.381768, "excess_performance": 0.425477, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.198745, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.030505, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.180018, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.162991, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.171839, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.170034, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.381768, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 11.875649, "read": "Demand-led" } ], "volume": { "latest": 761135, "relative_activity": 1.13074, "balance": 11.875649, "dry_up": 0.668229, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.043497, "annualized_volatility": 0.222622, "from_high_reference": -0.033106, "from_low_reference": 0.43607 }, "levels": { "trend_reference": 1298.608586, "fair_value_reference": 1319.217007, 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"Early expansion", "gate": "up", "direction": 74.532531, "energy": 84.546386, "activity_lines": [ 1444.957015, 1414.350107, 1348.830752, 1306.818837 ] }, { "date": "2026-07-17", "close": 1489.897461, "volume": 373690, "typical_volume": 703068.4, "trend": 1278.515255, "fair_value": 1310.657637, "relative_strength": 13.331226, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.873618, "energy": 83.99539, "activity_lines": [ 1463.785498, 1432.761279, 1367.730223, 1320.826501 ] }, { "date": "2026-07-24", "close": 1457.800049, "volume": 301412, "typical_volume": 687507.3, "trend": 1282.275256, "fair_value": 1313.042694, "relative_strength": 13.588118, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.678309, "energy": 72.157145, "activity_lines": [ 1463.588346, 1441.965696, 1382.143287, 1332.393262 ] }, { "date": "2026-07-31", "close": 1525.0, "volume": 362983, "typical_volume": 674995.35, "trend": 1289.145256, "fair_value": 1315.864263, "relative_strength": 15.805198, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.933028, "energy": 74.972611, "activity_lines": [ 1486.427873, 1461.177375, 1401.725869, 1348.052923 ] }, { "date": "2026-08-07", "close": 1556.699951, "volume": 761135, "typical_volume": 673130.15, "trend": 1298.608586, "fair_value": 1319.217007, "relative_strength": 17.183938, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.951782, "energy": 75.870387, "activity_lines": [ 1513.576416, 1483.061772, 1422.459399, 1365.314516 ] } ], "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." } } }