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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": 83.073, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 45.835, "architecture_energy": 32.929, "architecture_maturity": 70.911, "architecture_confidence": 70.527, "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": 26.62, "rotation_up": 42.69, "upward_expansion": 67.99, "deceleration": 62.17, "rotation_down": 25.61, "downward_expansion": 15.66 }, "activity_lines": [ 191.368002, 192.494184, 185.340716, 173.392647 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 181.220001, "trend_reference": 159.153668, "distance_from_trend": 0.138648, "trend_direction": "Improving", "fair_value": 204.472468, "distance_from_fair_value": -0.113719, "fair_value_direction": "Improving", "relative_strength": 15.373919, "relative_strength_direction": "Improving", "price_momentum": 0.293782, "excess_performance": 0.337491, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.138648, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.119182, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.113719, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.087478, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.153739, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.073194, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.293782, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 11.538034, "read": "Demand-led" } ], "volume": { "latest": 723910, "relative_activity": 0.305891, "balance": 11.538034, "dry_up": 0.281279, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.111416, "annualized_volatility": 0.584139, "from_high_reference": -0.172511, "from_low_reference": 0.693645 }, "levels": { "trend_reference": 159.153668, "fair_value_reference": 204.472468, 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expansion", "gate": "up", "direction": 70.342907, "energy": 55.758849, "activity_lines": [ 197.242003, 192.938911, 178.658002, 166.876733 ] }, { "date": "2026-07-24", "close": 198.740005, "volume": 562668, "typical_volume": 2425461.7, "trend": 156.786668, "fair_value": 204.247421, "relative_strength": 31.799012, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.58105, "energy": 52.217991, "activity_lines": [ 198.328671, 195.00273, 182.04624, 169.690819 ] }, { "date": "2026-07-31", "close": 191.029999, "volume": 432603, "typical_volume": 2386360.65, "trend": 158.085001, "fair_value": 204.35936, "relative_strength": 22.93643, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.716376, "energy": 46.337281, "activity_lines": [ 196.530003, 194.893457, 184.338668, 171.900066 ] }, { "date": "2026-08-07", "close": 181.220001, "volume": 723910, "typical_volume": 2366562.7, "trend": 159.153668, "fair_value": 204.472468, "relative_strength": 15.373919, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.835318, "energy": 32.929251, "activity_lines": [ 191.368002, 192.494184, 185.340716, 173.392647 ] } ], "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." } } }