{
  "ticker": {
    "uuid": "2809c358-1490-4b3f-862c-404e22bc3968",
    "symbol": "CDSL",
    "name": "Central Depository Services (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": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 78.606,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 53.115,
    "architecture_energy": 33.297,
    "architecture_maturity": 11.296,
    "architecture_confidence": 51.425,
    "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": 35.56,
        "rotation_up": 46.93,
        "upward_expansion": 70.4,
        "deceleration": 64.39,
        "rotation_down": 20.39,
        "downward_expansion": 8.4
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 1328.0,
    "trend_reference": 1291.071916,
    "distance_from_trend": 0.028603,
    "trend_direction": "Weakening",
    "fair_value": 1258.801539,
    "distance_from_fair_value": 0.054972,
    "fair_value_direction": "Improving",
    "relative_strength": -4.093663,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.002554,
    "excess_performance": 0.041155,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.028603,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.051447,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.054972,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.001491,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.040937,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.075036,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.002554,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.818999,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 7166804,
      "relative_activity": 0.955,
      "balance": 0.818999,
      "dry_up": 0.938666,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.055215,
      "annualized_volatility": 0.315954,
      "from_high_reference": -0.206548,
      "from_low_reference": 0.189644
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    "levels": {
      "trend_reference": 1291.071916,
      "fair_value_reference": 1258.801539,
      "structural_low": 1116.300049,
      "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": 28,
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        "positive_rate": 0.607143,
        "directional_follow_through": 0.607143,
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        "worst_return": -0.179599,
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "regime": "deceleration",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
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        "trend": 1291.071916,
        "fair_value": 1258.801539,
        "relative_strength": -4.093663,
        "stage": 4,
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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."
    }
  }
}