{ "ticker": { "uuid": "d0bc3f3a-a5e9-4663-8549-e59348c9a3f9", "symbol": "MMYT", "name": "MakeMyTrip Limited", "exchange": "NASDAQ", "country": "US", "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": "QQQ", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 41.803, "architecture_energy": 32.19, "architecture_maturity": 28.284, "architecture_confidence": 46.062, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 34.9, "rotation_up": 54.36, "upward_expansion": 50.11, "deceleration": 41.23, "rotation_down": 24.02, "downward_expansion": 10.78 }, "activity_lines": [ 56.226667, 54.835818, 51.246238, 50.090645 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 60.01, "trend_reference": 51.0, "distance_from_trend": 0.176667, "trend_direction": "Weakening", "fair_value": 76.045897, "distance_from_fair_value": -0.210871, "fair_value_direction": "Improving", "relative_strength": -22.233404, "relative_strength_direction": "Improving", "price_momentum": 0.050963, "excess_performance": -0.13649, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.176667, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.145886, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.210871, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.144535, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.222334, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.276611, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.050963, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.210222, "read": "Demand-led" } ], "volume": { "latest": 5530873, "relative_activity": 0.941247, "balance": 1.210222, "dry_up": 0.744704, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.116686, "annualized_volatility": 0.658112, "from_high_reference": -0.425357, "from_low_reference": 0.836853 }, "levels": { "trend_reference": 51.0, "fair_value_reference": 76.045897, "structural_low": 32.67, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": 0.23199, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.152091, "regime_survival": 0.333333, "best_return": 0.247594, "worst_return": 0.004835, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.214905, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.218028, "regime_survival": 0.0, "best_return": 0.4537, "worst_return": -0.02389, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.288446, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.297738, "regime_survival": 0.0, "best_return": 0.6508, "worst_return": -0.073908, "sufficient": false }, { "horizon": "Full cycle", 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"upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-08-04", "end": "2023-11-03", "tenure": "Established", "return": 0.176505, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-11-10", "end": "2023-11-17", "tenure": "New", "return": 0.04329, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-11-24", "end": "2025-01-17", "tenure": "Extended", "return": 1.514716, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-24", "end": "2025-02-28", "tenure": "Developing", "return": -0.117448, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-04", "tenure": "Developing", "return": 0.000115, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-04-18", "tenure": "New", "return": 0.055374, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-10-17", "tenure": "Established", "return": -0.172984, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-24", "end": "2026-06-26", "tenure": "Extended", "return": -0.404905, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-07-10", "tenure": "New", "return": 0.006007, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.098682, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 36.35, "volume": 2946098, "typical_volume": 1883260.35, "trend": 27.148, "fair_value": 27.345929, "relative_strength": 10.433143, "stage": 2, "regime": "upward_expansion", "modifier": "Early 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"modifier": "Balance after decline", "gate": "mixed", "direction": 33.209745, "energy": 45.211499, "activity_lines": [ 54.860667, 50.794727, 48.140333, 49.542022 ] }, { "date": "2026-07-17", "close": 54.62, "volume": 3930874, "typical_volume": 6410175.7, "trend": 53.586667, "fair_value": 75.615769, "relative_strength": -29.883158, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.043842, "energy": 53.752078, "activity_lines": [ 55.724667, 51.91, 48.861476, 49.540366 ] }, { "date": "2026-07-24", "close": 49.23, "volume": 4459475, "typical_volume": 6136193.45, "trend": 52.452667, "fair_value": 75.747244, "relative_strength": -34.539606, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.038348, "energy": 42.346892, "activity_lines": [ 54.027333, 51.922, 49.078095, 49.25929 ] }, { "date": "2026-07-31", "close": 56.95, "volume": 3582645, "typical_volume": 5986498.35, "trend": 51.621333, "fair_value": 75.896218, "relative_strength": -23.571459, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.320174, "energy": 33.809195, "activity_lines": [ 54.736, 53.229818, 50.043714, 49.549441 ] }, { "date": "2026-08-07", "close": 60.01, "volume": 5530873, "typical_volume": 5876113.45, "trend": 51.0, "fair_value": 76.045897, "relative_strength": -22.233404, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.802703, "energy": 32.189935, "activity_lines": [ 56.226667, 54.835818, 51.246238, 50.090645 ] } ], "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." } } }