{
  "ticker": {
    "uuid": "0f7e06dc-098f-41d5-b752-e4762c4f376a",
    "symbol": "IBN",
    "name": "ICICI Bank Limited",
    "exchange": "NYSE",
    "country": "US",
    "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": "SPY",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 72.193,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "mixed",
    "architecture_direction": 47.062,
    "architecture_energy": 60.905,
    "architecture_maturity": 15.568,
    "architecture_confidence": 51.292,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 17.1,
        "rotation_up": 69.53,
        "upward_expansion": 62.17,
        "deceleration": 22.99,
        "rotation_down": 19.39,
        "downward_expansion": 20.51
      },
      "activity_lines": [
        29.712266,
        29.328178,
        28.354102,
        28.120351
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 30.22,
    "trend_reference": 28.253439,
    "distance_from_trend": 0.069604,
    "trend_direction": "Weakening",
    "fair_value": 28.304172,
    "distance_from_fair_value": 0.067687,
    "fair_value_direction": "Improving",
    "relative_strength": -8.905215,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.030789,
    "excess_performance": -0.156414,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.069604,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.019681,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.067687,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.116583,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.089052,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.149683,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.030789,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.004792,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 26217480,
      "relative_activity": 0.764056,
      "balance": 1.004792,
      "dry_up": 0.934698,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.039153,
      "annualized_volatility": 0.257576,
      "from_high_reference": -0.094803,
      "from_low_reference": 0.204853
    },
    "levels": {
      "trend_reference": 28.253439,
      "fair_value_reference": 28.304172,
      "structural_low": 25.0819,
      "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": 7,
        "median_return": 0.023179,
        "positive_rate": 0.857143,
        "directional_follow_through": 0.857143,
        "median_excess_return": -0.000603,
        "regime_survival": 0.428571,
        "best_return": 0.06202,
        "worst_return": -0.006098,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.068159,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.013172,
        "regime_survival": 0.0,
        "best_return": 0.09152,
        "worst_return": 0.042839,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.008401,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.017415,
        "regime_survival": 0.0,
        "best_return": 0.162888,
        "worst_return": -0.021083,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.116872,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.018429,
        "regime_survival": 0.0,
        "best_return": 0.282937,
        "worst_return": -0.159863,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-24",
        "end": "2025-02-14",
        "tenure": "New",
        "return": 0.042918,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-02-21",
        "end": "2025-02-21",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-28",
        "end": "2025-03-14",
        "tenure": "New",
        "return": 0.050574,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-04-18",
        "tenure": "Developing",
        "return": 0.06202,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-04-25",
        "end": "2025-06-27",
        "tenure": "Developing",
        "return": 0.020488,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-07-04",
        "end": "2025-07-25",
        "tenure": "New",
        "return": 0.010071,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-08-08",
        "tenure": "New",
        "return": -0.022889,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-15",
        "end": "2025-09-12",
        "tenure": "Developing",
        "return": -0.024635,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-10-10",
        "tenure": "New",
        "return": -0.027526,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-17",
        "end": "2026-02-13",
        "tenure": "Established",
        "return": -0.070431,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-20",
        "end": "2026-03-06",
        "tenure": "New",
        "return": -0.087969,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-13",
        "end": "2026-06-19",
        "tenure": "Established",
        "return": 0.051166,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
        "return": -0.010182,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "return": 0.050651,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
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      },
      {
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        "stage": 4,
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        "direction": 34.436973,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 34759409.45,
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        "relative_strength": -8.783248,
        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 29.745038,
        "volume": 40288711,
        "typical_volume": 34943629.95,
        "trend": 28.268105,
        "fair_value": 28.256474,
        "relative_strength": -7.713178,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 42.546753,
        "energy": 55.361889,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 30.22,
        "volume": 26217480,
        "typical_volume": 34313571.4,
        "trend": 28.253439,
        "fair_value": 28.304172,
        "relative_strength": -8.905215,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 47.062025,
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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."
    }
  }
}