{
  "ticker": {
    "uuid": "d0b4536e-b842-450c-a604-50d0b35af824",
    "symbol": "SANDESH",
    "name": "The Sandesh 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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 84.222,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 73.796,
    "architecture_energy": 54.785,
    "architecture_maturity": 13.326,
    "architecture_confidence": 86.142,
    "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": 45.68,
        "rotation_up": 60.42,
        "upward_expansion": 78.44,
        "deceleration": 52.82,
        "rotation_down": 13.6,
        "downward_expansion": 12.11
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
    },
    "latest_close": 1134.449951,
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    "distance_from_trend": 0.141573,
    "trend_direction": "Weakening",
    "fair_value": 1224.669448,
    "distance_from_fair_value": -0.073668,
    "fair_value_direction": "Improving",
    "relative_strength": 7.948183,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.0749,
    "excess_performance": 0.11861,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.141573,
        "read": "Above"
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      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.034633,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.073668,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.027067,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.079482,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.053319,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.0749,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 9.631986,
        "read": "Demand-led"
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    ],
    "volume": {
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      "balance": 9.631986,
      "dry_up": 3.576484,
      "accumulation_observations": 1,
      "distribution_observations": 0
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    "risk": {
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      "annualized_volatility": 0.344192,
      "from_high_reference": -0.209788,
      "from_low_reference": 0.398829
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    "levels": {
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      "fair_value_reference": 1224.669448,
      "structural_low": 811.0,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
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        "horizon": "Intermediate",
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        "horizon": "Full cycle",
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      {
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      "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."
    }
  }
}