{
  "ticker": {
    "uuid": "e5cb26ef-2f5c-4036-aecb-f438ee430b16",
    "symbol": "VSSL",
    "name": "Vardhman Special Steels 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": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 90.903,
    "architecture_energy": 91.163,
    "architecture_maturity": 34.0,
    "architecture_confidence": 78.557,
    "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": 10.32,
        "rotation_up": 81.52,
        "upward_expansion": 93.58,
        "deceleration": 44.71,
        "rotation_down": 8.82,
        "downward_expansion": 20.25
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
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    "latest_close": 341.850006,
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    "distance_from_trend": 0.281841,
    "trend_direction": "Improving",
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    "distance_from_fair_value": 0.360552,
    "fair_value_direction": "Improving",
    "relative_strength": 26.757778,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.317341,
    "excess_performance": 0.36105,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.281841,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.008108,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.360552,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.229392,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.267578,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.19158,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.317341,
        "read": "Positive"
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      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.786657,
        "read": "Demand-led"
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    ],
    "volume": {
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      "accumulation_observations": 2,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 480440.9,
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      },
      {
        "date": "2026-07-24",
        "close": 296.25,
        "volume": 2354657,
        "typical_volume": 592839.05,
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        "fair_value": 249.419076,
        "relative_strength": 14.698854,
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        "energy": 55.667788,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 304.75,
        "volume": 448303,
        "typical_volume": 607308.05,
        "trend": 264.295001,
        "fair_value": 250.202187,
        "relative_strength": 14.584464,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.296089,
        "energy": 75.052539,
        "activity_lines": [
          295.390002,
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      },
      {
        "date": "2026-08-07",
        "close": 341.850006,
        "volume": 2325622,
        "typical_volume": 712688.05,
        "trend": 266.686668,
        "fair_value": 251.258359,
        "relative_strength": 26.757778,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 90.90333,
        "energy": 91.163315,
        "activity_lines": [
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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."
    }
  }
}