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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": "Early expansion", "architecture_gate": "up", "architecture_direction": 56.917, "architecture_energy": 42.492, "architecture_maturity": 31.766, "architecture_confidence": 80.751, "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": 15.09, "rotation_up": 48.65, "upward_expansion": 76.8, "deceleration": 62.89, "rotation_down": 23.34, "downward_expansion": 5.8 }, "activity_lines": [ 428.640002, 425.973261, 416.316438, 405.936563 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 426.350006, "trend_reference": 393.941333, "distance_from_trend": 0.082268, "trend_direction": "Improving", "fair_value": 338.454164, "distance_from_fair_value": 0.259698, "fair_value_direction": "Improving", "relative_strength": 11.195181, "relative_strength_direction": "Improving", "price_momentum": 0.166804, "excess_performance": 0.210513, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.082268, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.025793, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.259698, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.086462, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.111952, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.048176, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.166804, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.30516, "read": "Demand-led" } ], "volume": { "latest": 25359201, "relative_activity": 1.36414, "balance": 2.30516, "dry_up": 1.870319, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.050111, "annualized_volatility": 0.244319, "from_high_reference": -0.046517, "from_low_reference": 0.288066 }, "levels": { "trend_reference": 393.941333, "fair_value_reference": 338.454164, "structural_low": 337.700012, 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[ 419.361949, 418.122762, 400.542389, 393.571401 ] }, { "date": "2026-07-10", "close": 418.5, "volume": 19962552, "typical_volume": 15083364.15, "trend": 388.719667, "fair_value": 333.99551, "relative_strength": 12.101346, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.810377, "energy": 41.049163, "activity_lines": [ 419.677708, 419.406581, 403.149341, 395.561853 ] }, { "date": "2026-07-17", "close": 437.200012, "volume": 77275059, "typical_volume": 17979014.25, "trend": 390.008001, "fair_value": 335.110684, "relative_strength": 16.20803, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.965712, "energy": 48.409868, "activity_lines": [ 425.780638, 423.012592, 407.372723, 398.689617 ] }, { "date": "2026-07-24", "close": 433.649994, "volume": 20223924, "typical_volume": 18454688.8, "trend": 391.281333, "fair_value": 336.249131, "relative_strength": 17.665718, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.512695, "energy": 49.467515, "activity_lines": [ 429.453528, 424.932155, 411.032294, 401.505229 ] }, { "date": "2026-07-31", "close": 426.0, "volume": 16217880, "typical_volume": 18411572.95, "trend": 392.383, "fair_value": 337.358996, "relative_strength": 12.40766, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.312684, "energy": 43.09473, "activity_lines": [ 429.333333, 425.386925, 413.758771, 403.745143 ] }, { "date": "2026-08-07", "close": 426.350006, "volume": 25359201, "typical_volume": 18589881.2, "trend": 393.941333, "fair_value": 338.454164, "relative_strength": 11.195181, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.916597, "energy": 42.49232, "activity_lines": [ 428.640002, 425.973261, 416.316438, 405.936563 ] } ], "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." } } }