{
  "ticker": {
    "uuid": "29b59caa-19ff-40a8-9bd1-3276c2c24b4b",
    "symbol": "APARINDS",
    "name": "APAR Industries 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": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 78.922,
    "architecture_energy": 50.936,
    "architecture_maturity": 68.907,
    "architecture_confidence": 67.124,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 31.24,
        "rotation_up": 42.91,
        "upward_expansion": 73.48,
        "deceleration": 76.99,
        "rotation_down": 27.82,
        "downward_expansion": 7.15
      },
      "activity_lines": [
        14929.6,
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        14181.914286,
        13289.410753
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 16631.0,
    "trend_reference": 11967.266667,
    "distance_from_trend": 0.389707,
    "trend_direction": "Improving",
    "fair_value": 8389.030824,
    "distance_from_fair_value": 0.98247,
    "fair_value_direction": "Improving",
    "relative_strength": 58.08291,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.752476,
    "excess_performance": 0.796185,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.389707,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.204304,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.98247,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.26592,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.580829,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.116819,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.752476,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.633724,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1039161,
      "relative_activity": 2.070399,
      "balance": 2.633724,
      "dry_up": 1.546408,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.075267,
      "annualized_volatility": 0.5099,
      "from_high_reference": -0.003833,
      "from_low_reference": 1.445376
    },
    "levels": {
      "trend_reference": 11967.266667,
      "fair_value_reference": 8389.030824,
      "structural_low": 8856.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 7,
        "median_return": 0.049178,
        "positive_rate": 0.857143,
        "directional_follow_through": 0.857143,
        "median_excess_return": 0.038595,
        "regime_survival": 0.428571,
        "best_return": 0.25417,
        "worst_return": -0.044254,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.19415,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.110521,
        "regime_survival": 0.0,
        "best_return": 0.441619,
        "worst_return": 0.100131,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.446004,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.359684,
        "regime_survival": 0.0,
        "best_return": 0.495066,
        "worst_return": -0.136663,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.783006,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.539878,
        "regime_survival": 0.0,
        "best_return": 0.783006,
        "worst_return": 0.783006,
        "sufficient": false
      }
    ],
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-30",
        "end": "2025-01-24",
        "tenure": "Established",
        "return": 0.016173,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-31",
        "end": "2025-02-14",
        "tenure": "New",
        "return": -0.150108,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-21",
        "end": "2025-05-09",
        "tenure": "Developing",
        "return": -0.053074,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-16",
        "end": "2025-07-25",
        "tenure": "Developing",
        "return": 0.091578,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-08-22",
        "tenure": "New",
        "return": -0.066951,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-29",
        "end": "2025-11-21",
        "tenure": "Established",
        "return": 0.185075,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-12-26",
        "tenure": "Developing",
        "return": -0.058355,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-02",
        "end": "2026-01-23",
        "tenure": "New",
        "return": -0.149011,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-30",
        "end": "2026-02-06",
        "tenure": "New",
        "return": 0.18714,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-13",
        "end": "2026-02-20",
        "tenure": "New",
        "return": 0.105983,
        "active": false
      },
      {
        "regime": "upward_expansion",
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      },
      {
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        "active": false
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      {
        "regime": "upward_expansion",
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        "active": true
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      },
      {
        "date": "2026-07-24",
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        "volume": 760813,
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      },
      {
        "date": "2026-07-31",
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        "volume": 874506,
        "typical_volume": 474487.5,
        "trend": 11685.833333,
        "fair_value": 8308.14735,
        "relative_strength": 39.431919,
        "stage": 2,
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        "energy": 26.354975,
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      },
      {
        "date": "2026-08-07",
        "close": 16631.0,
        "volume": 1039161,
        "typical_volume": 501913.35,
        "trend": 11967.266667,
        "fair_value": 8389.030824,
        "relative_strength": 58.08291,
        "stage": 2,
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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."
    }
  }
}