{
  "ticker": {
    "uuid": "1774fa38-5d80-4a40-a04a-3e456c3d3019",
    "symbol": "BAJAJFINSV",
    "name": "Bajaj Finserv Ltd.",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 50.522,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "mixed",
    "architecture_direction": 50.213,
    "architecture_energy": 68.746,
    "architecture_maturity": 13.011,
    "architecture_confidence": 68.762,
    "architecture_tenure": "New",
    "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": 18.1,
        "rotation_up": 74.44,
        "upward_expansion": 64.69,
        "deceleration": 21.27,
        "rotation_down": 16.74,
        "downward_expansion": 23.03
      },
      "activity_lines": [
        1960.999992,
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        1832.156523
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 2008.900024,
    "trend_reference": 1847.038493,
    "distance_from_trend": 0.087633,
    "trend_direction": "Weakening",
    "fair_value": 1792.352109,
    "distance_from_fair_value": 0.120818,
    "fair_value_direction": "Improving",
    "relative_strength": 5.041223,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.007559,
    "excess_performance": 0.036151,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.087633,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.03627,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.120818,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.09232,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.050412,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.096556,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.007559,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.124225,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 11492920,
      "relative_activity": 2.268083,
      "balance": 1.124225,
      "dry_up": 1.56102,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.044356,
      "annualized_volatility": 0.301687,
      "from_high_reference": -0.084784,
      "from_low_reference": 0.257921
    },
    "levels": {
      "trend_reference": 1847.038493,
      "fair_value_reference": 1792.352109,
      "structural_low": 1597.0,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": 0.024043,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.026604,
        "regime_survival": 0.5,
        "best_return": 0.1018,
        "worst_return": -0.079633,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.051355,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.015184,
        "regime_survival": 0.0,
        "best_return": 0.083619,
        "worst_return": 0.015742,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.046563,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.044427,
        "regime_survival": 0.0,
        "best_return": 0.166758,
        "worst_return": -0.131824,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.003594,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.108157,
        "regime_survival": 0.0,
        "best_return": 0.095859,
        "worst_return": -0.103048,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-02-09",
        "end": "2024-08-23",
        "tenure": "Extended",
        "return": 0.044549,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Developing",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Developing",
        "return": 0.095588,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-04-04",
        "tenure": "Developing",
        "return": 0.017533,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-07-25",
        "tenure": "Established",
        "return": 0.020792,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "Developing",
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      {
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        "active": false
      },
      {
        "regime": "balance",
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        "return": -0.062456,
        "active": false
      },
      {
        "regime": "downward_expansion",
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        "active": true
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    ],
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      {
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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."
    }
  }
}