{
  "ticker": {
    "uuid": "0fa0fdfe-73fa-4386-bf95-65c2b523b9e2",
    "symbol": "APOLSINHOT",
    "name": "Apollo Sindoori Hotels 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": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 23.256,
    "architecture_energy": 15.752,
    "architecture_maturity": 18.213,
    "architecture_confidence": 84.191,
    "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": 62.28,
        "rotation_up": 20.01,
        "upward_expansion": 50.5,
        "deceleration": 91.64,
        "rotation_down": 34.99,
        "downward_expansion": 21.17
      },
      "activity_lines": [
        1204.426644,
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        1217.09476,
        1200.490969
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 1209.199951,
    "trend_reference": 1199.778337,
    "distance_from_trend": 0.007853,
    "trend_direction": "Weakening",
    "fair_value": 1495.709736,
    "distance_from_fair_value": -0.191554,
    "fair_value_direction": "Improving",
    "relative_strength": -2.611818,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.023106,
    "excess_performance": 0.020604,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.007853,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.001717,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.191554,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.026903,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.026118,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.023323,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.023106,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 6.596672,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5025,
      "relative_activity": 0.655877,
      "balance": 6.596672,
      "dry_up": 3.058311,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.081802,
      "annualized_volatility": 0.351564,
      "from_high_reference": -0.187956,
      "from_low_reference": 0.272842
    },
    "levels": {
      "trend_reference": 1199.778337,
      "fair_value_reference": 1495.709736,
      "structural_low": 950.0,
      "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": 15,
        "median_return": -0.015045,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.017786,
        "regime_survival": 0.6,
        "best_return": 0.21638,
        "worst_return": -0.110833,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.050394,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.054892,
        "regime_survival": 0.142857,
        "best_return": 0.31001,
        "worst_return": -0.256677,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.062685,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.07263,
        "regime_survival": 0.25,
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        "worst_return": -0.234194,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.135311,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.118916,
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        "best_return": 0.567739,
        "worst_return": -0.151395,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
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      {
        "regime": "rotation_up",
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      },
      {
        "regime": "upward_expansion",
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      },
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      {
        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "Established",
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      },
      {
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      },
      {
        "regime": "balance",
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      {
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      {
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      },
      {
        "regime": "downward_expansion",
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 7876.75,
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      },
      {
        "date": "2026-07-31",
        "close": 1200.0,
        "volume": 4599,
        "typical_volume": 7786.65,
        "trend": 1201.858337,
        "fair_value": 1496.40922,
        "relative_strength": -2.793626,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -3.312582,
        "energy": 11.373599,
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      },
      {
        "date": "2026-08-07",
        "close": 1209.199951,
        "volume": 5025,
        "typical_volume": 7661.5,
        "trend": 1199.778337,
        "fair_value": 1495.709736,
        "relative_strength": -2.611818,
        "stage": 1,
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        "modifier": "Upper balance after advance",
        "gate": "up",
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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."
    }
  }
}