{ "ticker": { "uuid": "d1690fc0-001b-48dc-be49-81ea0fe24719", "symbol": "M&MFIN", "name": "Mahindra & Mahindra Financial Services 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 94.401, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 63.551, "architecture_energy": 82.033, "architecture_maturity": 22.404, "architecture_confidence": 81.186, "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": 15.49, "rotation_up": 80.82, "upward_expansion": 67.82, "deceleration": 20.84, "rotation_down": 16.07, "downward_expansion": 26.15 }, "activity_lines": [ 375.766673, 351.246517, 330.885742, 328.187964 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 408.450012, "trend_reference": 332.058158, "distance_from_trend": 0.230056, "trend_direction": "Weakening", "fair_value": 288.975662, "distance_from_fair_value": 0.413441, "fair_value_direction": "Improving", "relative_strength": 26.778751, "relative_strength_direction": "Improving", "price_momentum": 0.073597, "excess_performance": 0.117306, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.230056, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.02484, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.413441, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.225727, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.267788, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.127725, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.073597, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.272953, "read": "Demand-led" } ], "volume": { "latest": 17478017, "relative_activity": 1.050494, "balance": 5.272953, "dry_up": 2.114188, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.062359, "annualized_volatility": 0.395634, "from_high_reference": -0.009098, "from_low_reference": 0.626967 }, "levels": { "trend_reference": 332.058158, "fair_value_reference": 288.975662, "structural_low": 272.225249, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": -0.014907, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.015365, "regime_survival": 0.5, "best_return": 0.02803, "worst_return": -0.060679, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.0064, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.043366, "regime_survival": 0.0, "best_return": 0.215604, "worst_return": -0.202803, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.028425, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.036262, "regime_survival": 0.0, "best_return": 0.187381, "worst_return": -0.13053, "sufficient": false }, { "horizon": "Full 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"typical_volume": 15190836.55, "trend": 330.633158, "fair_value": 287.397407, "relative_strength": 16.365776, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.282517, "energy": 38.474535, "activity_lines": [ 336.937994, 322.137232, 314.744024, 319.574608 ] }, { "date": "2026-07-31", "close": 385.75, "volume": 26393322, "typical_volume": 16177323.25, "trend": 330.059825, "fair_value": 288.092023, "relative_strength": 21.769284, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.773684, "energy": 66.562976, "activity_lines": [ 354.716644, 335.411873, 321.866192, 323.130533 ] }, { "date": "2026-08-07", "close": 408.450012, "volume": 17478017, "typical_volume": 16637898.7, "trend": 332.058158, "fair_value": 288.975662, "relative_strength": 26.778751, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 63.550816, "energy": 82.032932, "activity_lines": [ 375.766673, 351.246517, 330.885742, 328.187964 ] } ], "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." } } }