{
  "ticker": {
    "uuid": "17e2eb47-65d8-419a-8ee8-16e570c04d36",
    "symbol": "PDMJEPAPER",
    "name": "Pudumjee Paper 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": 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": 92.265,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 82.958,
    "architecture_energy": 83.09,
    "architecture_maturity": 16.063,
    "architecture_confidence": 73.755,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 19.99,
        "rotation_up": 81.21,
        "upward_expansion": 93.69,
        "deceleration": 41.85,
        "rotation_down": 8.6,
        "downward_expansion": 18.02
      },
      "activity_lines": [
        92.849999,
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        86.337619,
        84.463355
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 97.629997,
    "trend_reference": 83.033333,
    "distance_from_trend": 0.175793,
    "trend_direction": "Weakening",
    "fair_value": 97.452947,
    "distance_from_fair_value": 0.001817,
    "fair_value_direction": "Improving",
    "relative_strength": 2.941443,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.202488,
    "excess_performance": 0.246197,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.175793,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.051203,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.001817,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.081849,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.029414,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.165248,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.202488,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.782293,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 587726,
      "relative_activity": 1.054565,
      "balance": 2.782293,
      "dry_up": 1.84426,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.057785,
      "annualized_volatility": 0.373513,
      "from_high_reference": -0.342072,
      "from_low_reference": 0.502
    },
    "levels": {
      "trend_reference": 83.033333,
      "fair_value_reference": 97.452947,
      "structural_low": 65.0,
      "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": 25,
        "median_return": -0.035849,
        "positive_rate": 0.36,
        "directional_follow_through": 0.36,
        "median_excess_return": -0.05396,
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        "worst_return": -0.287101,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
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        "directional_follow_through": 0.5,
        "median_excess_return": -0.018378,
        "regime_survival": 0.2,
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        "worst_return": -0.227612,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.003475,
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        "directional_follow_through": 0.5,
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        "regime_survival": 0.333333,
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        "worst_return": -0.36771,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "median_excess_return": 0.063436,
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        "best_return": 1.547504,
        "worst_return": -0.135816,
        "sufficient": false
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    ],
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      {
        "regime": "balance",
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      },
      {
        "regime": "deceleration",
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        "tenure": "New",
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        "regime": "rotation_down",
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        "regime": "downward_expansion",
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        "regime": "rotation_up",
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      {
        "date": "2026-04-17",
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        "fair_value": 92.907581,
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        "stage": 4,
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-04-24",
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        "date": "2026-05-01",
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        "date": "2026-05-08",
        "close": 86.239998,
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        "relative_strength": -13.583322,
        "stage": 4,
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        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-05-15",
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      {
        "date": "2026-05-22",
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        "typical_volume": 606684.4,
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": -13.02569,
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      {
        "date": "2026-06-12",
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        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "fair_value": 96.162106,
        "relative_strength": -12.375658,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
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        "energy": 14.291523,
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      },
      {
        "date": "2026-07-17",
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        "volume": 256827,
        "typical_volume": 455525.15,
        "trend": 82.977,
        "fair_value": 96.436922,
        "relative_strength": -13.066723,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 17.330704,
        "energy": 18.719292,
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          83.566,
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          82.65481,
          82.171054
        ]
      },
      {
        "date": "2026-07-24",
        "close": 91.720001,
        "volume": 1751421,
        "typical_volume": 512797.6,
        "trend": 82.898,
        "fair_value": 96.760975,
        "relative_strength": -1.252743,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 48.007473,
        "energy": 50.621711,
        "activity_lines": [
          86.293333,
          84.731819,
          83.677191,
          82.735118
        ]
      },
      {
        "date": "2026-07-31",
        "close": 94.860001,
        "volume": 1515370,
        "typical_volume": 562215.95,
        "trend": 82.804334,
        "fair_value": 97.099194,
        "relative_strength": 0.126641,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 81.15684,
        "energy": 74.163616,
        "activity_lines": [
          89.468,
          86.733273,
          84.927572,
          83.50686
        ]
      },
      {
        "date": "2026-08-07",
        "close": 97.629997,
        "volume": 587726,
        "typical_volume": 557316.2,
        "trend": 83.033333,
        "fair_value": 97.452947,
        "relative_strength": 2.941443,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.957851,
        "energy": 83.089766,
        "activity_lines": [
          92.849999,
          89.046545,
          86.337619,
          84.463355
        ]
      }
    ],
    "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."
    }
  }
}