{
  "ticker": {
    "uuid": "06a91f37-d096-4852-a98f-262207454cf3",
    "symbol": "SKFINDIA",
    "name": "SKF India 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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -62.203,
    "architecture_energy": 70.836,
    "architecture_maturity": 20.608,
    "architecture_confidence": 84.303,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 17.72,
        "rotation_up": 9.88,
        "upward_expansion": 15.85,
        "deceleration": 37.33,
        "rotation_down": 71.36,
        "downward_expansion": 89.18
      },
      "activity_lines": [
        1504.00669,
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 1534.300049,
    "trend_reference": 1628.074475,
    "distance_from_trend": -0.057598,
    "trend_direction": "Weakening",
    "fair_value": 3927.508694,
    "distance_from_fair_value": -0.609345,
    "fair_value_direction": "Weakening",
    "relative_strength": -30.947957,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.124508,
    "excess_performance": -0.080799,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.057598,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.064659,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.609345,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.01994,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.30948,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.103402,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.124508,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.953105,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 290380,
      "relative_activity": 1.965135,
      "balance": 0.953105,
      "dry_up": 1.621271,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.048225,
      "annualized_volatility": 0.224043,
      "from_high_reference": -0.697615,
      "from_low_reference": 0.092806
    },
    "levels": {
      "trend_reference": 1628.074475,
      "fair_value_reference": 3927.508694,
      "structural_low": 1404.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 27,
        "median_return": -0.021041,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.025571,
        "regime_survival": 0.814815,
        "best_return": 0.197254,
        "worst_return": -0.105194,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.026618,
        "positive_rate": 0.363636,
        "directional_follow_through": 0.636364,
        "median_excess_return": -0.068265,
        "regime_survival": 0.636364,
        "best_return": 0.593738,
        "worst_return": -0.228236,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.045617,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.063624,
        "regime_survival": 0.5,
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        "worst_return": -0.451175,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.013743,
        "positive_rate": 0.5,
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        "worst_return": -0.559798,
        "sufficient": false
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        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-12-22",
        "end": "2024-04-26",
        "tenure": "Established",
        "return": -0.02081,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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      },
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        "regime": "downward_expansion",
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        "tenure": "Extended",
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-07-04",
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        "active": false
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      {
        "date": "2026-07-24",
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      {
        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
        "close": 1534.300049,
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        "trend": 1628.074475,
        "fair_value": 3927.508694,
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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."
    }
  }
}