{
  "ticker": {
    "uuid": "24de9110-af65-408f-b03d-0de914f33063",
    "symbol": "BTML",
    "name": "Bodhi Tree Multimedia 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": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 35.65,
    "architecture_energy": 32.6,
    "architecture_maturity": 17.594,
    "architecture_confidence": 90.993,
    "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": 31.69,
        "rotation_up": 62.67,
        "upward_expansion": 40.8,
        "deceleration": 32.68,
        "rotation_down": 20.25,
        "downward_expansion": 20.47
      },
      "activity_lines": [
        7.178,
        6.784545,
        6.594476,
        6.640624
      ],
      "activity_state": "Moderate",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
    },
    "latest_close": 8.01,
    "trend_reference": 6.860333,
    "distance_from_trend": 0.167582,
    "trend_direction": "Weakening",
    "fair_value": 11.400971,
    "distance_from_fair_value": -0.297428,
    "fair_value_direction": "Improving",
    "relative_strength": 6.885203,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.006281,
    "excess_performance": 0.049991,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.167582,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.081656,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.297428,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.173624,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.068852,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.241853,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.006281,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.095132,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 9058496,
      "relative_activity": 5.094481,
      "balance": 5.095132,
      "dry_up": 2.386161,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.104485,
      "annualized_volatility": 0.472806,
      "from_high_reference": -0.237143,
      "from_low_reference": 0.583004
    },
    "levels": {
      "trend_reference": 6.860333,
      "fair_value_reference": 11.400971,
      "structural_low": 5.06,
      "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": -0.036945,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.025823,
        "regime_survival": 0.642857,
        "best_return": 0.145477,
        "worst_return": -0.177059,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.00847,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.008848,
        "regime_survival": 0.166667,
        "best_return": 1.092204,
        "worst_return": -0.258496,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.068558,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.097633,
        "regime_survival": 0.2,
        "best_return": 2.371752,
        "worst_return": -0.325905,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.057543,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.26302,
        "regime_survival": 0.0,
        "best_return": 5.399832,
        "worst_return": -0.288416,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-07-28",
        "end": "2023-09-01",
        "tenure": "Developing",
        "return": 0.05876,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-09-08",
        "end": "2023-09-15",
        "tenure": "New",
        "return": -0.032258,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-09-22",
        "end": "2023-09-29",
        "tenure": "New",
        "return": 0.040475,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-10-06",
        "end": "2023-11-03",
        "tenure": "Developing",
        "return": 0.085967,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2023-11-10",
        "end": "2023-12-08",
        "tenure": "Developing",
        "return": 0.131344,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-15",
        "end": "2024-02-23",
        "tenure": "Developing",
        "return": -0.027586,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-03-01",
        "end": "2024-04-19",
        "tenure": "Developing",
        "return": -0.053979,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-04-26",
        "end": "2024-06-14",
        "tenure": "Developing",
        "return": -0.214485,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-06-21",
        "end": "2025-07-11",
        "tenure": "Extended",
        "return": -0.401716,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-18",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": 0.067376,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-03",
        "end": "2025-10-17",
        "tenure": "New",
        "return": -0.065265,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-24",
        "end": "2026-02-20",
        "tenure": "Established",
        "return": -0.134545,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-27",
        "end": "2026-07-24",
        "tenure": "Established",
        "return": -0.036011,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.12976,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
      {
        "date": "2023-08-25",
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      },
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      },
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "volume": 3499170,
        "typical_volume": 1525586.7,
        "trend": 6.909,
        "fair_value": 11.480814,
        "relative_strength": -4.279293,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -19.101223,
        "energy": 11.566208,
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      },
      {
        "date": "2026-07-31",
        "close": 7.09,
        "volume": 3233596,
        "typical_volume": 1522841.8,
        "trend": 6.862333,
        "fair_value": 11.437944,
        "relative_strength": -4.768409,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.2229,
        "energy": 9.249887,
        "activity_lines": [
          6.670667,
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          6.442,
          6.566581
        ]
      },
      {
        "date": "2026-08-07",
        "close": 8.01,
        "volume": 9058496,
        "typical_volume": 1778099.7,
        "trend": 6.860333,
        "fair_value": 11.400971,
        "relative_strength": 6.885203,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 35.650478,
        "energy": 32.600112,
        "activity_lines": [
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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."
    }
  }
}