{
  "ticker": {
    "uuid": "26f16b5c-70c9-48f4-873e-e9d0ea940e4e",
    "symbol": "TOUCHWOOD",
    "name": "Touchwood Entertainment 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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -58.955,
    "architecture_energy": 46.7,
    "architecture_maturity": 64.794,
    "architecture_confidence": 95.142,
    "architecture_tenure": "Extended",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 15.29,
        "rotation_up": 17.75,
        "upward_expansion": 7.32,
        "deceleration": 44.52,
        "rotation_down": 60.04,
        "downward_expansion": 82.98
      },
      "activity_lines": [
        67.121999,
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        69.698238,
        71.151591
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 66.849998,
    "trend_reference": 75.105999,
    "distance_from_trend": -0.109925,
    "trend_direction": "Weakening",
    "fair_value": 121.758785,
    "distance_from_fair_value": -0.450964,
    "fair_value_direction": "Weakening",
    "relative_strength": -22.579948,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.280796,
    "excess_performance": -0.237087,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.109925,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.134999,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.450964,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.052653,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.225799,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.070773,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.280796,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.347389,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 9868,
      "relative_activity": 0.753116,
      "balance": 0.347389,
      "dry_up": 0.367361,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.075473,
      "annualized_volatility": 0.335223,
      "from_high_reference": -0.477734,
      "from_low_reference": 0.081715
    },
    "levels": {
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      "fair_value_reference": 121.758785,
      "structural_low": 61.799999,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 25,
        "median_return": -0.015614,
        "positive_rate": 0.44,
        "directional_follow_through": 0.56,
        "median_excess_return": -0.015906,
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        "best_return": 0.337448,
        "worst_return": -0.31124,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
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        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
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        "regime_survival": 0.5,
        "best_return": 0.542643,
        "worst_return": -0.344758,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "worst_return": -0.291172,
        "sufficient": true
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      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "directional_follow_through": 0.666667,
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        "regime": "deceleration",
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      {
        "regime": "downward_expansion",
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      {
        "date": "2026-05-01",
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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        "trend": 89.07,
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      },
      {
        "date": "2026-05-22",
        "close": 71.099998,
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        "typical_volume": 25596.45,
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        "relative_strength": -20.76735,
        "stage": 4,
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        "energy": 30.915281,
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        "date": "2026-05-29",
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        "volume": 16310,
        "typical_volume": 25573.55,
        "trend": 86.827666,
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        "date": "2026-06-05",
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-07-03",
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      {
        "date": "2026-07-10",
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        "fair_value": 123.658484,
        "relative_strength": -21.051629,
        "stage": 4,
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      },
      {
        "date": "2026-07-17",
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        "volume": 3166,
        "typical_volume": 16464.95,
        "trend": 78.922332,
        "fair_value": 123.175745,
        "relative_strength": -21.84686,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.244887,
        "energy": 35.618996,
        "activity_lines": [
          69.343334,
          69.765091,
          70.884,
          73.251483
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      },
      {
        "date": "2026-07-24",
        "close": 67.290001,
        "volume": 1946,
        "typical_volume": 15410.9,
        "trend": 77.661332,
        "fair_value": 122.71065,
        "relative_strength": -20.656354,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.978214,
        "energy": 37.237145,
        "activity_lines": [
          68.450668,
          69.234364,
          70.513714,
          72.50101
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      },
      {
        "date": "2026-07-31",
        "close": 66.239998,
        "volume": 4274,
        "typical_volume": 13048.85,
        "trend": 76.344666,
        "fair_value": 122.242971,
        "relative_strength": -23.318377,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.553803,
        "energy": 41.929585,
        "activity_lines": [
          67.591333,
          68.604182,
          70.061714,
          71.76415
        ]
      },
      {
        "date": "2026-08-07",
        "close": 66.849998,
        "volume": 9868,
        "typical_volume": 13102.9,
        "trend": 75.105999,
        "fair_value": 121.758785,
        "relative_strength": -22.579948,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.954914,
        "energy": 46.700453,
        "activity_lines": [
          67.121999,
          68.173272,
          69.698238,
          71.151591
        ]
      }
    ],
    "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."
    }
  }
}