{
  "ticker": {
    "uuid": "076d95b2-862e-453f-989e-66a9fc64aa22",
    "symbol": "JINDALPHOT",
    "name": "Jindal Photo 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": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -40.271,
    "architecture_energy": 27.06,
    "architecture_maturity": 20.254,
    "architecture_confidence": 77.859,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 40.45,
        "rotation_up": 19.24,
        "upward_expansion": 12.85,
        "deceleration": 54.23,
        "rotation_down": 51.22,
        "downward_expansion": 67.18
      },
      "activity_lines": [
        1077.166659,
        1094.641808,
        1088.524275,
        1108.366231
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 1063.0,
    "trend_reference": 1164.095001,
    "distance_from_trend": -0.086844,
    "trend_direction": "Weakening",
    "fair_value": 886.929165,
    "distance_from_fair_value": 0.198517,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.910158,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.232546,
    "excess_performance": -0.188837,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.086844,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.092214,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.198517,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.153147,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.119102,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.106431,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.232546,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.726018,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 9253,
      "relative_activity": 0.318899,
      "balance": 0.726018,
      "dry_up": 1.232895,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.073406,
      "annualized_volatility": 0.412328,
      "from_high_reference": -0.342447,
      "from_low_reference": 0.335427
    },
    "levels": {
      "trend_reference": 1164.095001,
      "fair_value_reference": 886.929165,
      "structural_low": 976.799988,
      "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": 10,
        "median_return": 0.067014,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.032102,
        "regime_survival": 0.5,
        "best_return": 0.692503,
        "worst_return": -0.153902,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.178957,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.117592,
        "regime_survival": 0.0,
        "best_return": 0.748328,
        "worst_return": -0.326433,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.264833,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.152406,
        "regime_survival": 0.0,
        "best_return": 0.435238,
        "worst_return": 0.031563,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.330059,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.252813,
        "regime_survival": 0.0,
        "best_return": 0.53218,
        "worst_return": 0.127939,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-09-06",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": -0.11832,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-01",
        "end": "2024-11-22",
        "tenure": "New",
        "return": 0.238181,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-29",
        "end": "2024-12-20",
        "tenure": "New",
        "return": 0.117984,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-27",
        "end": "2025-01-10",
        "tenure": "New",
        "return": -0.179974,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-17",
        "end": "2025-01-31",
        "tenure": "New",
        "return": -0.069866,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-07",
        "end": "2025-04-25",
        "tenure": "Developing",
        "return": 0.191086,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-02",
        "end": "2025-06-20",
        "tenure": "Developing",
        "return": 0.197728,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-27",
        "end": "2025-07-18",
        "tenure": "New",
        "return": -0.046058,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-07-25",
        "end": "2025-09-05",
        "tenure": "Developing",
        "return": 0.370216,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-12",
        "end": "2026-01-16",
        "tenure": "Established",
        "return": 0.266128,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-01-23",
        "end": "2026-03-06",
        "tenure": "Developing",
        "return": -0.270434,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-13",
        "end": "2026-04-03",
        "tenure": "New",
        "return": -0.104824,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-10",
        "end": "2026-07-10",
        "tenure": "Established",
        "return": 0.001223,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.043979,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 872.854807,
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        "stage": 4,
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      },
      {
        "date": "2026-07-24",
        "close": 1076.099976,
        "volume": 14787,
        "typical_volume": 58896.75,
        "trend": 1191.365005,
        "fair_value": 877.626601,
        "relative_strength": -7.178847,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-07-31",
        "close": 1061.099976,
        "volume": 11502,
        "typical_volume": 31794.1,
        "trend": 1176.691669,
        "fair_value": 882.243909,
        "relative_strength": -11.083131,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -41.347774,
        "energy": 21.672513,
        "activity_lines": [
          1094.013322,
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      },
      {
        "date": "2026-08-07",
        "close": 1063.0,
        "volume": 9253,
        "typical_volume": 29015.45,
        "trend": 1164.095001,
        "fair_value": 886.929165,
        "relative_strength": -11.910158,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.271389,
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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."
    }
  }
}