{
  "ticker": {
    "uuid": "25448500-d93a-49a3-8a23-c697b6b295d7",
    "symbol": "TVSHLTD",
    "name": "TVS Holdings 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 60.085,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Structural repair",
    "architecture_gate": "mixed",
    "architecture_direction": 34.592,
    "architecture_energy": 50.366,
    "architecture_maturity": 6.159,
    "architecture_confidence": 84.208,
    "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": 30.75,
        "rotation_up": 73.45,
        "upward_expansion": 55.32,
        "deceleration": 14.59,
        "rotation_down": 14.56,
        "downward_expansion": 23.32
      },
      "activity_lines": [
        14592.733333,
        14249.945455,
        14049.296382,
        14061.317131
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 14848.0,
    "trend_reference": 14114.200423,
    "distance_from_trend": 0.05199,
    "trend_direction": "Weakening",
    "fair_value": 11058.900522,
    "distance_from_fair_value": 0.342629,
    "fair_value_direction": "Weakening",
    "relative_strength": 6.960033,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.007747,
    "excess_performance": 0.035962,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.05199,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.014166,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.342629,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.068183,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.0696,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.049546,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.007747,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.68565,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 20468,
      "relative_activity": 0.748712,
      "balance": 1.68565,
      "dry_up": 2.304793,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.043829,
      "annualized_volatility": 0.212579,
      "from_high_reference": -0.083367,
      "from_low_reference": 0.350299
    },
    "levels": {
      "trend_reference": 14114.200423,
      "fair_value_reference": 11058.900522,
      "structural_low": 13043.0,
      "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": 5,
        "median_return": 0.028812,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.004271,
        "regime_survival": 0.4,
        "best_return": 0.137539,
        "worst_return": -0.007767,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.171009,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.067303,
        "regime_survival": 0.0,
        "best_return": 0.382062,
        "worst_return": 0.04144,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.393705,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.358124,
        "regime_survival": 0.0,
        "best_return": 0.848229,
        "worst_return": 0.267064,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.250685,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.305693,
        "regime_survival": 0.333333,
        "best_return": 1.9286,
        "worst_return": 0.231759,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-03-29",
        "end": "2024-05-03",
        "tenure": "Developing",
        "return": 0.116284,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-10",
        "end": "2024-10-04",
        "tenure": "Established",
        "return": 0.274179,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-10-11",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": -0.153604,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-22",
        "end": "2024-12-13",
        "tenure": "New",
        "return": -0.000904,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-20",
        "end": "2025-05-02",
        "tenure": "Established",
        "return": -0.17128,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-09",
        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-07-04",
        "tenure": "Developing",
        "return": -0.01522,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-07-18",
        "tenure": "New",
        "return": 0.091968,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-12-12",
        "tenure": "Established",
        "return": 0.219883,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-02-27",
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        "return": 0.036354,
        "active": false
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      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Established",
        "return": -0.031975,
        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "active": false
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      {
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        "return": 0.0,
        "active": true
      }
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        "date": "2026-03-27",
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        "date": "2026-04-03",
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      {
        "date": "2026-04-10",
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      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-22",
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        "date": "2026-06-05",
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      {
        "date": "2026-07-03",
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        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "volume": 47743,
        "typical_volume": 21229.55,
        "trend": 14084.913314,
        "fair_value": 10859.765052,
        "relative_strength": 2.852364,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -24.922787,
        "energy": 18.626679,
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          13939.27874
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      },
      {
        "date": "2026-07-24",
        "close": 14633.0,
        "volume": 136111,
        "typical_volume": 26937.75,
        "trend": 14105.821256,
        "fair_value": 10926.414451,
        "relative_strength": 10.005636,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 18.11181,
        "energy": 22.345974,
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          13889.992118,
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      },
      {
        "date": "2026-07-31",
        "close": 14713.0,
        "volume": 47708,
        "typical_volume": 27972.85,
        "trend": 14111.670378,
        "fair_value": 10992.579671,
        "relative_strength": 7.325845,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 30.087886,
        "energy": 32.693475,
        "activity_lines": [
          14402.666667,
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          13965.436784,
          14013.811994
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      },
      {
        "date": "2026-08-07",
        "close": 14848.0,
        "volume": 20468,
        "typical_volume": 27337.6,
        "trend": 14114.200423,
        "fair_value": 11058.900522,
        "relative_strength": 6.960033,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 34.591915,
        "energy": 50.365785,
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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."
    }
  }
}