{
  "ticker": {
    "uuid": "0b936f60-d7ea-4c1d-800f-a15426a9cea6",
    "symbol": "STCINDIA",
    "name": "The State Trading Corporation of 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": 1,
    "stage_name": "Basing",
    "phase": "1a",
    "phase_label": "Stage 1A \u00b7 Bottoming",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 75.116,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 19.101,
    "architecture_energy": 17.501,
    "architecture_maturity": 18.083,
    "architecture_confidence": 80.832,
    "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": 58.76,
        "rotation_up": 17.83,
        "upward_expansion": 50.71,
        "deceleration": 91.64,
        "rotation_down": 38.46,
        "downward_expansion": 21.38
      },
      "activity_lines": [
        119.441332,
        121.904544,
        121.363618,
        119.341118
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 118.639999,
    "trend_reference": 117.901999,
    "distance_from_trend": 0.006259,
    "trend_direction": "Weakening",
    "fair_value": 137.043141,
    "distance_from_fair_value": -0.134287,
    "fair_value_direction": "Weakening",
    "relative_strength": -1.271252,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.025944,
    "excess_performance": 0.017765,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.006259,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -7.6e-05,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.134287,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.050325,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.012713,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.020686,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.025944,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.882187,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 215628,
      "relative_activity": 0.768403,
      "balance": 0.882187,
      "dry_up": 0.57369,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.068792,
      "annualized_volatility": 0.380285,
      "from_high_reference": -0.212741,
      "from_low_reference": 0.222589
    },
    "levels": {
      "trend_reference": 117.901999,
      "fair_value_reference": 137.043141,
      "structural_low": 97.040001,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 22,
        "median_return": -0.020863,
        "positive_rate": 0.454545,
        "directional_follow_through": 0.454545,
        "median_excess_return": -0.010344,
        "regime_survival": 0.5,
        "best_return": 0.128321,
        "worst_return": -0.122541,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.050838,
        "positive_rate": 0.454545,
        "directional_follow_through": 0.454545,
        "median_excess_return": -0.068549,
        "regime_survival": 0.272727,
        "best_return": 0.580952,
        "worst_return": -0.174682,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.078563,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.166667,
        "median_excess_return": -0.093517,
        "regime_survival": 0.5,
        "best_return": 0.030545,
        "worst_return": -0.135401,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.095061,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.11994,
        "regime_survival": 0.5,
        "best_return": 0.698729,
        "worst_return": -0.170838,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-01",
        "end": "2024-11-29",
        "tenure": "Developing",
        "return": 0.000192,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-06",
        "end": "2024-12-13",
        "tenure": "New",
        "return": -0.015498,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-20",
        "end": "2025-05-16",
        "tenure": "Established",
        "return": -0.142876,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.12795,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-06",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": -0.083849,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-07-18",
        "end": "2025-08-08",
        "tenure": "New",
        "return": -0.141774,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-08-15",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": 0.142262,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-03",
        "end": "2025-12-05",
        "tenure": "Developing",
        "return": -0.178561,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-12",
        "end": "2026-01-02",
        "tenure": "New",
        "return": 0.047405,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-09",
        "end": "2026-03-06",
        "tenure": "Developing",
        "return": -0.120818,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-13",
        "end": "2026-04-24",
        "tenure": "Developing",
        "return": 0.175451,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-01",
        "end": "2026-06-26",
        "tenure": "Developing",
        "return": 0.097894,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-07-03",
        "end": "2026-07-24",
        "tenure": "New",
        "return": -0.066809,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.015436,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 562693.95,
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      },
      {
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      },
      {
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      },
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      },
      {
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      },
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        "direction": -22.725791,
        "energy": 13.878649,
        "activity_lines": [
          112.719998,
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          113.913237,
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        ]
      },
      {
        "date": "2026-04-24",
        "close": 119.32,
        "volume": 450171,
        "typical_volume": 827562.05,
        "trend": 120.640334,
        "fair_value": 133.062051,
        "relative_strength": -0.585264,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -20.069168,
        "energy": 17.479285,
        "activity_lines": [
          115.969998,
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        ]
      },
      {
        "date": "2026-05-01",
        "close": 117.779999,
        "volume": 197828,
        "typical_volume": 759288.7,
        "trend": 119.989,
        "fair_value": 133.328589,
        "relative_strength": -2.20034,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -19.474386,
        "energy": 22.496407,
        "activity_lines": [
          117.913332,
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        ]
      },
      {
        "date": "2026-05-08",
        "close": 122.410004,
        "volume": 271456,
        "typical_volume": 765829.7,
        "trend": 119.510333,
        "fair_value": 133.629936,
        "relative_strength": 0.797309,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 18.367252,
        "energy": 23.955452,
        "activity_lines": [
          120.158,
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 115.239998,
        "volume": 111582,
        "typical_volume": 645134.4,
        "trend": 118.907667,
        "fair_value": 133.894936,
        "relative_strength": -2.82873,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -7.485981,
        "energy": 13.287094,
        "activity_lines": [
          118.784667,
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        ]
      },
      {
        "date": "2026-05-22",
        "close": 115.610001,
        "volume": 203785,
        "typical_volume": 597350.6,
        "trend": 118.395,
        "fair_value": 134.161987,
        "relative_strength": -2.553277,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.699401,
        "energy": 9.291327,
        "activity_lines": [
          117.408,
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          114.603666,
          116.016989
        ]
      },
      {
        "date": "2026-05-29",
        "close": 120.209999,
        "volume": 428871,
        "typical_volume": 535095.85,
        "trend": 117.911,
        "fair_value": 134.452115,
        "relative_strength": 2.554759,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 13.410314,
        "energy": 10.383197,
        "activity_lines": [
          118.120667,
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 121.970001,
        "volume": 70354,
        "typical_volume": 490329.55,
        "trend": 117.668333,
        "fair_value": 134.728205,
        "relative_strength": 5.238122,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 15.379002,
        "energy": 10.634108,
        "activity_lines": [
          119.360667,
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          116.395957
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      },
      {
        "date": "2026-06-12",
        "close": 118.260002,
        "volume": 247476,
        "typical_volume": 483000.9,
        "trend": 117.392,
        "fair_value": 134.981474,
        "relative_strength": 1.42654,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 10.095885,
        "energy": 9.394854,
        "activity_lines": [
          119.084667,
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      },
      {
        "date": "2026-06-19",
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        "volume": 187058,
        "typical_volume": 456861.2,
        "trend": 117.867666,
        "fair_value": 135.357436,
        "relative_strength": 14.774997,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 46.902529,
        "energy": 48.478185,
        "activity_lines": [
          124.982,
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          117.631419
        ]
      },
      {
        "date": "2026-06-26",
        "close": 129.309998,
        "volume": 0,
        "typical_volume": 442314.65,
        "trend": 118.237333,
        "fair_value": 135.680897,
        "relative_strength": 9.114358,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 61.716451,
        "energy": 59.340768,
        "activity_lines": [
          127.285332,
          123.616363,
          119.236523,
          118.369634
        ]
      },
      {
        "date": "2026-07-03",
        "close": 126.330002,
        "volume": 54621,
        "typical_volume": 433397.25,
        "trend": 118.688333,
        "fair_value": 135.976282,
        "relative_strength": 5.828864,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.464752,
        "energy": 57.874573,
        "activity_lines": [
          127.682,
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          120.182047,
          118.891742
        ]
      },
      {
        "date": "2026-07-10",
        "close": 122.349998,
        "volume": 306075,
        "typical_volume": 443317.0,
        "trend": 118.688333,
        "fair_value": 136.242948,
        "relative_strength": 2.983483,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.125427,
        "energy": 54.207842,
        "activity_lines": [
          126.343999,
          124.48309,
          120.711238,
          119.127978
        ]
      },
      {
        "date": "2026-07-17",
        "close": 120.199997,
        "volume": 112409,
        "typical_volume": 425885.1,
        "trend": 118.778333,
        "fair_value": 136.495192,
        "relative_strength": 0.863464,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 48.835502,
        "energy": 27.529598,
        "activity_lines": [
          124.263998,
          124.016908,
          121.01438,
          119.225505
        ]
      },
      {
        "date": "2026-07-24",
        "close": 117.889999,
        "volume": 149632,
        "typical_volume": 425337.9,
        "trend": 118.357333,
        "fair_value": 136.683589,
        "relative_strength": 1.368648,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 27.394654,
        "energy": 17.279361,
        "activity_lines": [
          121.284665,
          123.170908,
          121.080618,
          119.168193
        ]
      },
      {
        "date": "2026-07-31",
        "close": 120.5,
        "volume": 166283,
        "typical_volume": 421587.7,
        "trend": 118.102333,
        "fair_value": 136.873654,
        "relative_strength": 1.044175,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 26.464676,
        "energy": 19.851925,
        "activity_lines": [
          120.379332,
          122.751272,
          121.355904,
          119.306429
        ]
      },
      {
        "date": "2026-08-07",
        "close": 118.639999,
        "volume": 215628,
        "typical_volume": 280618.35,
        "trend": 117.901999,
        "fair_value": 137.043141,
        "relative_strength": -1.271252,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 19.100831,
        "energy": 17.501154,
        "activity_lines": [
          119.441332,
          121.904544,
          121.363618,
          119.341118
        ]
      }
    ],
    "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."
    }
  }
}