{
  "ticker": {
    "uuid": "e473ec65-9441-436f-9e24-e304ca5530b6",
    "symbol": "NYKAA",
    "name": "FSN E-Commerce Ventures 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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "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": 72.892,
    "architecture_energy": 72.648,
    "architecture_maturity": 42.519,
    "architecture_confidence": 79.756,
    "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": 0.52,
        "rotation_up": 77.2,
        "upward_expansion": 92.35,
        "deceleration": 47.41,
        "rotation_down": 14.24,
        "downward_expansion": 14.35
      },
      "activity_lines": [
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        288.891566
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 332.0,
    "trend_reference": 275.179331,
    "distance_from_trend": 0.206486,
    "trend_direction": "Improving",
    "fair_value": 204.918012,
    "distance_from_fair_value": 0.62016,
    "fair_value_direction": "Improving",
    "relative_strength": 26.490974,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.198599,
    "excess_performance": 0.242308,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.206486,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.066613,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.62016,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.197085,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.26491,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.089878,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.198599,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.936013,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 56761234,
      "relative_activity": 2.52123,
      "balance": 0.936013,
      "dry_up": 1.468978,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.049699,
      "annualized_volatility": 0.260482,
      "from_high_reference": -0.045977,
      "from_low_reference": 0.658839
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    "levels": {
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      "fair_value_reference": 204.918012,
      "structural_low": 232.050003,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 22,
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        "directional_follow_through": 0.636364,
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        "worst_return": -0.122425,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "sufficient": false
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      },
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
        "close": 333.0,
        "volume": 26610844,
        "typical_volume": 20988691.2,
        "trend": 272.579331,
        "fair_value": 203.726986,
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        "stage": 2,
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        "energy": 89.674046,
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      },
      {
        "date": "2026-08-07",
        "close": 332.0,
        "volume": 56761234,
        "typical_volume": 22513306.8,
        "trend": 275.179331,
        "fair_value": 204.918012,
        "relative_strength": 26.490974,
        "stage": 2,
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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."
    }
  }
}