{
  "ticker": {
    "uuid": "08eb8396-a795-4b46-a217-aef4b631a64d",
    "symbol": "AVROIND",
    "name": "Avro 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": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -65.135,
    "architecture_energy": 74.449,
    "architecture_maturity": 38.968,
    "architecture_confidence": 90.086,
    "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": 5.41,
        "rotation_up": 13.24,
        "upward_expansion": 17.29,
        "deceleration": 38.14,
        "rotation_down": 71.81,
        "downward_expansion": 92.95
      },
      "activity_lines": [
        8.995333,
        9.446182,
        10.170805,
        10.759497
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 9.1,
    "trend_reference": 11.549633,
    "distance_from_trend": -0.212096,
    "trend_direction": "Weakening",
    "fair_value": 13.709513,
    "distance_from_fair_value": -0.336227,
    "fair_value_direction": "Weakening",
    "relative_strength": -25.657066,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.276399,
    "excess_performance": -0.23269,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.212096,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.061356,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.336227,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.203222,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.256571,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.145051,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.276399,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.797743,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2750714,
      "relative_activity": 2.032727,
      "balance": 0.797743,
      "dry_up": 1.246319,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.116737,
      "annualized_volatility": 0.415158,
      "from_high_reference": -0.446741,
      "from_low_reference": 0.08076
    },
    "levels": {
      "trend_reference": 11.549633,
      "fair_value_reference": 13.709513,
      "structural_low": 8.42,
      "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": 18,
        "median_return": -0.023877,
        "positive_rate": 0.444444,
        "directional_follow_through": 0.555556,
        "median_excess_return": -0.018959,
        "regime_survival": 0.777778,
        "best_return": 0.406577,
        "worst_return": -0.167139,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.001985,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.571429,
        "median_excess_return": 0.050269,
        "regime_survival": 0.428571,
        "best_return": 0.375269,
        "worst_return": -0.13957,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.182301,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.095436,
        "regime_survival": 0.4,
        "best_return": 0.876861,
        "worst_return": -0.308401,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.02257,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.176376,
        "regime_survival": 0.666667,
        "best_return": 0.711531,
        "worst_return": -0.432203,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-03-22",
        "end": "2024-06-07",
        "tenure": "Developing",
        "return": 0.031725,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-06-14",
        "end": "2024-06-28",
        "tenure": "New",
        "return": -0.014078,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-08-16",
        "tenure": "Developing",
        "return": 0.011531,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-08-30",
        "tenure": "New",
        "return": 0.083685,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-10-18",
        "tenure": "Developing",
        "return": -0.129061,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-11-29",
        "tenure": "Developing",
        "return": 0.181242,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-02-14",
        "tenure": "Developing",
        "return": 0.195214,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-03-14",
        "tenure": "New",
        "return": -0.119244,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.131775,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
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      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "relative_strength": -21.740577,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 1329263.75,
        "trend": 11.829633,
        "fair_value": 13.752045,
        "relative_strength": -26.487007,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.373595,
        "energy": 74.215036,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
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        "volume": 915101,
        "typical_volume": 1332995.8,
        "trend": 11.7299,
        "fair_value": 13.736147,
        "relative_strength": -27.0287,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.91731,
        "energy": 81.110017,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 8.71,
        "volume": 1429612,
        "typical_volume": 1323435.9,
        "trend": 11.627633,
        "fair_value": 13.722333,
        "relative_strength": -29.042595,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.98169,
        "energy": 81.404955,
        "activity_lines": [
          9.065333,
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          10.344743,
          10.92257
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      },
      {
        "date": "2026-08-07",
        "close": 9.1,
        "volume": 2750714,
        "typical_volume": 1353213.6,
        "trend": 11.549633,
        "fair_value": 13.709513,
        "relative_strength": -25.657066,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.135089,
        "energy": 74.448971,
        "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."
    }
  }
}