{
  "ticker": {
    "uuid": "142cb519-e803-4c30-ba37-4cd71f2d83ed",
    "symbol": "HONDAPOWER",
    "name": "Honda India Power Products 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -23.753,
    "architecture_energy": 41.276,
    "architecture_maturity": 6.333,
    "architecture_confidence": 68.736,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 38.11,
        "rotation_up": 16.82,
        "upward_expansion": 23.05,
        "deceleration": 51.09,
        "rotation_down": 64.59,
        "downward_expansion": 55.05
      },
      "activity_lines": [
        2099.133284,
        2127.145423,
        2173.192838,
        2166.233769
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 2093.399902,
    "trend_reference": 2156.278312,
    "distance_from_trend": -0.029161,
    "trend_direction": "Weakening",
    "fair_value": 2584.926243,
    "distance_from_fair_value": -0.190151,
    "fair_value_direction": "Weakening",
    "relative_strength": -9.811845,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.040636,
    "excess_performance": 0.003073,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.029161,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.033888,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.190151,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.081606,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.098118,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.054741,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.040636,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.379868,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 19872,
      "relative_activity": 0.999462,
      "balance": 1.379868,
      "dry_up": 0.834142,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.050547,
      "annualized_volatility": 0.272958,
      "from_high_reference": -0.329402,
      "from_low_reference": 0.152373
    },
    "levels": {
      "trend_reference": 2156.278312,
      "fair_value_reference": 2584.926243,
      "structural_low": 1816.599976,
      "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": 6,
        "median_return": -0.013418,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.029459,
        "regime_survival": 0.333333,
        "best_return": 0.092884,
        "worst_return": -0.096278,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.081216,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.085951,
        "regime_survival": 0.0,
        "best_return": 0.298765,
        "worst_return": -0.387394,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.073982,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.055495,
        "regime_survival": 0.0,
        "best_return": 0.392262,
        "worst_return": -0.137818,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.298731,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.14439,
        "regime_survival": 0.333333,
        "best_return": 0.669619,
        "worst_return": -0.210079,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-23",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": 0.103853,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-04",
        "end": "2024-11-08",
        "tenure": "Developing",
        "return": -0.0807,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-15",
        "end": "2024-11-22",
        "tenure": "New",
        "return": -0.13666,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-29",
        "end": "2024-12-20",
        "tenure": "New",
        "return": -0.085743,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-27",
        "end": "2025-05-16",
        "tenure": "Established",
        "return": -0.170487,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-23",
        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.022054,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-11",
        "end": "2025-08-08",
        "tenure": "Developing",
        "return": -0.098553,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-15",
        "end": "2025-09-05",
        "tenure": "New",
        "return": 0.031784,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-12",
        "end": "2025-10-03",
        "tenure": "New",
        "return": -0.035024,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-10",
        "end": "2025-11-07",
        "tenure": "Developing",
        "return": -0.071919,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-14",
        "end": "2025-11-28",
        "tenure": "New",
        "return": -0.046825,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-05",
        "end": "2026-04-24",
        "tenure": "Established",
        "return": -0.069611,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-01",
        "end": "2026-07-24",
        "tenure": "Established",
        "return": -0.095232,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.002668,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 2201.880127,
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        "modifier": "Upper balance after advance",
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      },
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      },
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      },
      {
        "date": "2026-07-24",
        "close": 2089.199951,
        "volume": 16104,
        "typical_volume": 20956.35,
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        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -25.178542,
        "energy": 36.203705,
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      },
      {
        "date": "2026-07-31",
        "close": 2099.0,
        "volume": 18257,
        "typical_volume": 20266.85,
        "trend": 2160.881437,
        "fair_value": 2585.751781,
        "relative_strength": -9.343745,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -22.514701,
        "energy": 41.245226,
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          2108.239974,
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      },
      {
        "date": "2026-08-07",
        "close": 2093.399902,
        "volume": 19872,
        "typical_volume": 19882.7,
        "trend": 2156.278312,
        "fair_value": 2584.926243,
        "relative_strength": -9.811845,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -23.752708,
        "energy": 41.275665,
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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."
    }
  }
}