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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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 44.805, "architecture_energy": 31.181, "architecture_maturity": 44.828, "architecture_confidence": 75.402, "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": 32.18, "rotation_up": 37.52, "upward_expansion": 66.18, "deceleration": 81.84, "rotation_down": 26.06, "downward_expansion": 16.18 }, "activity_lines": [ 163.868669, 164.698, 159.301952, 153.651311 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 164.850006, "trend_reference": 148.890999, "distance_from_trend": 0.107186, "trend_direction": "Weakening", "fair_value": 219.800825, "distance_from_fair_value": -0.250003, "fair_value_direction": "Improving", "relative_strength": 0.943888, "relative_strength_direction": "Improving", "price_momentum": 0.119677, "excess_performance": 0.163386, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.107186, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.020175, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.250003, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.081835, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.009439, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.11883, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.119677, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.972931, "read": "Demand-led" } ], "volume": { "latest": 591114, "relative_activity": 0.362505, "balance": 1.972931, "dry_up": 0.267326, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.064315, "annualized_volatility": 0.34458, "from_high_reference": -0.232225, "from_low_reference": 0.509477 }, "levels": { "trend_reference": 148.890999, "fair_value_reference": 219.800825, 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"typical_volume": 1671602.7, "trend": 148.804332, "fair_value": 221.298627, "relative_strength": 2.313854, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.036783, "energy": 66.965639, "activity_lines": [ 166.929332, 164.066725, 156.74276, 151.824708 ] }, { "date": "2026-07-31", "close": 161.050003, "volume": 309255, "typical_volume": 1644452.95, "trend": 148.783332, "fair_value": 220.508018, "relative_strength": -1.061936, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.66722, "energy": 40.994611, "activity_lines": [ 164.561334, 164.171272, 157.923618, 152.614751 ] }, { "date": "2026-08-07", "close": 164.850006, "volume": 591114, "typical_volume": 1630634.9, "trend": 148.890999, "fair_value": 219.800825, "relative_strength": 0.943888, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.804988, "energy": 31.180761, "activity_lines": [ 163.868669, 164.698, 159.301952, 153.651311 ] } ], "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." } } }