{
  "ticker": {
    "uuid": "1fc5c567-5470-40d0-85f3-0ddbc9334af0",
    "symbol": "BASF",
    "name": "BASF India 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": 75.369,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "up",
    "architecture_direction": 78.052,
    "architecture_energy": 66.216,
    "architecture_maturity": 39.279,
    "architecture_confidence": 79.455,
    "architecture_tenure": "Established",
    "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": 35.21,
        "rotation_up": 70.98,
        "upward_expansion": 86.26,
        "deceleration": 45.29,
        "rotation_down": 12.6,
        "downward_expansion": 15.26
      },
      "activity_lines": [
        3788.824414,
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        3640.667092,
        3608.013471
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 4091.0,
    "trend_reference": 3585.480249,
    "distance_from_trend": 0.140991,
    "trend_direction": "Weakening",
    "fair_value": 4333.823721,
    "distance_from_fair_value": -0.05603,
    "fair_value_direction": "Weakening",
    "relative_strength": 5.543639,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.121313,
    "excess_performance": 0.165023,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.140991,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.041952,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.05603,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.005084,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.055436,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.073421,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.121313,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.885495,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1301777,
      "relative_activity": 8.251483,
      "balance": 1.885495,
      "dry_up": 2.494197,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.059581,
      "annualized_volatility": 0.334542,
      "from_high_reference": -0.152985,
      "from_low_reference": 0.310294
    },
    "levels": {
      "trend_reference": 3585.480249,
      "fair_value_reference": 4333.823721,
      "structural_low": 3122.199951,
      "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": 14,
        "median_return": 0.007384,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.003283,
        "regime_survival": 0.428571,
        "best_return": 0.224003,
        "worst_return": -0.151869,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.001276,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
        "median_excess_return": -0.023844,
        "regime_survival": 0.444444,
        "best_return": 0.215977,
        "worst_return": -0.14387,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.039786,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.065785,
        "regime_survival": 0.4,
        "best_return": 0.581402,
        "worst_return": -0.199379,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.167399,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.196775,
        "regime_survival": 0.333333,
        "best_return": 0.903334,
        "worst_return": -0.3452,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-11-24",
        "end": "2024-01-26",
        "tenure": "Developing",
        "return": -0.006625,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-02-02",
        "end": "2024-02-09",
        "tenure": "New",
        "return": 0.051906,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-02-16",
        "end": "2024-11-15",
        "tenure": "Extended",
        "return": 0.922939,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-22",
        "end": "2024-12-06",
        "tenure": "New",
        "return": -0.000782,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-13",
        "end": "2025-01-17",
        "tenure": "Developing",
        "return": -0.120782,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-24",
        "end": "2025-05-23",
        "tenure": "Established",
        "return": 0.113126,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": -0.041937,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-13",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.009403,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-08-08",
        "tenure": "New",
        "return": -0.10515,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-15",
        "end": "2025-08-29",
        "tenure": "New",
        "return": 0.018562,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-09-12",
        "tenure": "New",
        "return": -0.006927,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-10-17",
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        "return": -0.027749,
        "active": false
      },
      {
        "regime": "downward_expansion",
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        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
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        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.015187,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
        "close": 3645.671143,
        "volume": 117714,
        "typical_volume": 100500.15,
        "trend": 3584.386914,
        "fair_value": 4317.234874,
        "relative_strength": -3.543228,
        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 3631.0,
        "volume": 48894,
        "typical_volume": 97878.05,
        "trend": 3574.260246,
        "fair_value": 4323.826598,
        "relative_strength": -5.817549,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 44.890473,
        "energy": 30.816409,
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          3634.125586,
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      },
      {
        "date": "2026-08-07",
        "close": 4091.0,
        "volume": 1301777,
        "typical_volume": 157762.8,
        "trend": 3585.480249,
        "fair_value": 4333.823721,
        "relative_strength": 5.543639,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
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        "energy": 66.215545,
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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."
    }
  }
}