{
  "ticker": {
    "uuid": "fafd0a43-0c38-47c7-bd05-cdc37c44f6c1",
    "symbol": "IVC",
    "name": "IL&FS Investment Managers 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": 82.794,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 52.472,
    "architecture_energy": 35.243,
    "architecture_maturity": 30.914,
    "architecture_confidence": 59.694,
    "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": 27.09,
        "rotation_up": 41.29,
        "upward_expansion": 73.19,
        "deceleration": 68.8,
        "rotation_down": 24.1,
        "downward_expansion": 4.53
      },
      "activity_lines": [
        8.278667,
        8.277818,
        8.111429,
        7.910882
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 8.19,
    "trend_reference": 7.731,
    "distance_from_trend": 0.059371,
    "trend_direction": "Improving",
    "fair_value": 8.820413,
    "distance_from_fair_value": -0.071472,
    "fair_value_direction": "Improving",
    "relative_strength": 6.07102,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.056774,
    "excess_performance": 0.100483,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.059371,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.0095,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.071472,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.015464,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.06071,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.016198,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.056774,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.774192,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1707005,
      "relative_activity": 2.024384,
      "balance": 0.774192,
      "dry_up": 1.26216,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.0541,
      "annualized_volatility": 0.279714,
      "from_high_reference": -0.122858,
      "from_low_reference": 0.360465
    },
    "levels": {
      "trend_reference": 7.731,
      "fair_value_reference": 8.820413,
      "structural_low": 6.02,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 18,
        "median_return": -0.02256,
        "positive_rate": 0.388889,
        "directional_follow_through": 0.388889,
        "median_excess_return": -0.03008,
        "regime_survival": 0.666667,
        "best_return": 0.352632,
        "worst_return": -0.177143,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "regime_survival": 0.285714,
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        "worst_return": -0.24,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.050153,
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        "regime_survival": 0.333333,
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        "worst_return": -0.386473,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": 0.005714,
        "sufficient": false
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        "color": "amber",
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        "return": 0.00659,
        "active": false
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        "regime": "balance",
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        "regime": "downward_expansion",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 833146.95,
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        "fair_value": 8.798178,
        "relative_strength": 10.244573,
        "stage": 2,
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        "direction": 61.963124,
        "energy": 41.523084,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 836780.55,
        "trend": 7.711333,
        "fair_value": 8.805059,
        "relative_strength": 10.456471,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.174237,
        "energy": 33.140162,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 8.4,
        "volume": 593548,
        "typical_volume": 814344.7,
        "trend": 7.720667,
        "fair_value": 8.813282,
        "relative_strength": 9.735883,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.802426,
        "energy": 39.669056,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 8.19,
        "volume": 1707005,
        "typical_volume": 843222.0,
        "trend": 7.731,
        "fair_value": 8.820413,
        "relative_strength": 6.07102,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.471622,
        "energy": 35.242997,
        "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."
    }
  }
}