{
  "ticker": {
    "uuid": "d83d0bac-3eec-46ba-8d0b-ba39220f0037",
    "symbol": "MENONBE",
    "name": "Menon Bearings 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": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late 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": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 89.573,
    "architecture_energy": 95.377,
    "architecture_maturity": 46.0,
    "architecture_confidence": 79.184,
    "architecture_tenure": "Established",
    "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": 3.33,
        "rotation_up": 85.98,
        "upward_expansion": 97.54,
        "deceleration": 41.87,
        "rotation_down": 8.27,
        "downward_expansion": 21.88
      },
      "activity_lines": [
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        159.672643
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 237.350006,
    "trend_reference": 143.680065,
    "distance_from_trend": 0.651934,
    "trend_direction": "Improving",
    "fair_value": 126.313648,
    "distance_from_fair_value": 0.879053,
    "fair_value_direction": "Improving",
    "relative_strength": 78.716451,
    "relative_strength_direction": "Improving",
    "price_momentum": 1.041545,
    "excess_performance": 1.085254,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.651934,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.199606,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.879053,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.726646,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.787165,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.57289,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 1.041545,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 7.11822,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 319909,
      "relative_activity": 0.673742,
      "balance": 7.11822,
      "dry_up": 1.14479,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.084812,
      "annualized_volatility": 0.490894,
      "from_high_reference": -0.015145,
      "from_low_reference": 1.338424
    },
    "levels": {
      "trend_reference": 143.680065,
      "fair_value_reference": 126.313648,
      "structural_low": 101.800003,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 22,
        "median_return": 0.013592,
        "positive_rate": 0.545455,
        "directional_follow_through": 0.545455,
        "median_excess_return": -0.006318,
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        "best_return": 0.39641,
        "worst_return": -0.173776,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "worst_return": -0.165644,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "directional_follow_through": 0.5,
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        "regime_survival": 0.333333,
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        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "worst_return": -0.180496,
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      },
      {
        "regime": "downward_expansion",
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      },
      {
        "date": "2026-04-24",
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      },
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      },
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        "date": "2026-05-15",
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      },
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        "date": "2026-06-05",
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      },
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        "date": "2026-06-12",
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      },
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        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 400499.65,
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        "fair_value": 123.911305,
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        "stage": 2,
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        "modifier": "Early expansion",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 409493.4,
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        "fair_value": 124.120279,
        "relative_strength": 37.036622,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.968479,
        "energy": 64.454977,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 197.855896,
        "volume": 644843,
        "typical_volume": 436183.25,
        "trend": 132.837065,
        "fair_value": 124.583216,
        "relative_strength": 56.846835,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.975849,
        "energy": 70.029208,
        "activity_lines": [
          175.696404,
          167.297014,
          152.599786,
          143.366999
        ]
      },
      {
        "date": "2026-07-24",
        "close": 213.770004,
        "volume": 860269,
        "typical_volume": 472083.25,
        "trend": 136.424065,
        "fair_value": 125.122036,
        "relative_strength": 71.073285,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.924045,
        "energy": 89.845649,
        "activity_lines": [
          189.671609,
          176.979525,
          159.563825,
          148.588479
        ]
      },
      {
        "date": "2026-07-31",
        "close": 210.589996,
        "volume": 349277,
        "typical_volume": 473158.0,
        "trend": 139.711398,
        "fair_value": 125.635495,
        "relative_strength": 62.310352,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.27395,
        "energy": 90.043198,
        "activity_lines": [
          199.924553,
          184.854216,
          165.76653,
          153.373378
        ]
      },
      {
        "date": "2026-08-07",
        "close": 237.350006,
        "volume": 319909,
        "typical_volume": 474824.45,
        "trend": 143.680065,
        "fair_value": 126.313648,
        "relative_strength": 78.716451,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.572808,
        "energy": 95.377482,
        "activity_lines": [
          215.740225,
          196.470363,
          174.099616,
          159.672643
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      }
    ],
    "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."
    }
  }
}