{
  "ticker": {
    "uuid": "2d953002-7cdd-44da-8cbd-f8d8ce62820d",
    "symbol": "BATAINDIA",
    "name": "Bata 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": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 80.419,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -23.583,
    "architecture_energy": 11.764,
    "architecture_maturity": 100.0,
    "architecture_confidence": 64.443,
    "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": 53.04,
        "rotation_up": 25.7,
        "upward_expansion": 18.48,
        "deceleration": 42.52,
        "rotation_down": 34.58,
        "downward_expansion": 59.48
      },
      "activity_lines": [
        698.742049,
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        704.779962
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 720.5,
    "trend_reference": 731.774544,
    "distance_from_trend": -0.015407,
    "trend_direction": "Weakening",
    "fair_value": 1220.431519,
    "distance_from_fair_value": -0.409635,
    "fair_value_direction": "Improving",
    "relative_strength": -17.003013,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.151454,
    "excess_performance": -0.107745,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.015407,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.115062,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.409635,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.03329,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.17003,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.089309,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.151454,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.821639,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3807114,
      "relative_activity": 3.77786,
      "balance": 1.821639,
      "dry_up": 1.86606,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.05448,
      "annualized_volatility": 0.311495,
      "from_high_reference": -0.438207,
      "from_low_reference": 0.190909
    },
    "levels": {
      "trend_reference": 731.774544,
      "fair_value_reference": 1220.431519,
      "structural_low": 605.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 35,
        "median_return": -0.020945,
        "positive_rate": 0.314286,
        "directional_follow_through": 0.685714,
        "median_excess_return": -0.033222,
        "regime_survival": 0.857143,
        "best_return": 0.166495,
        "worst_return": -0.198796,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.090065,
        "positive_rate": 0.363636,
        "directional_follow_through": 0.636364,
        "median_excess_return": -0.083722,
        "regime_survival": 0.727273,
        "best_return": 0.179661,
        "worst_return": -0.210368,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.060045,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.135636,
        "regime_survival": 0.5,
        "best_return": 0.109742,
        "worst_return": -0.330514,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.105616,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.28225,
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        "best_return": -0.06357,
        "worst_return": -0.439821,
        "sufficient": false
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    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2023-10-27",
        "tenure": "Developing",
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        "active": false
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        "regime": "rotation_down",
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        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      },
      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "rotation_up",
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        "active": false
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      {
        "regime": "upward_expansion",
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        "tenure": "New",
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        "active": false
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      {
        "regime": "deceleration",
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      {
        "date": "2026-07-31",
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      {
        "date": "2026-08-07",
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        "fair_value": 1220.431519,
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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."
    }
  }
}