{
  "ticker": {
    "uuid": "32ea6b00-9597-4574-acfd-db7b058e8e93",
    "symbol": "VRLLOG",
    "name": "VRL Logistics 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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 53.89,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Structural repair",
    "architecture_gate": "mixed",
    "architecture_direction": 41.988,
    "architecture_energy": 41.974,
    "architecture_maturity": 11.178,
    "architecture_confidence": 95.368,
    "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": 22.37,
        "rotation_up": 66.04,
        "upward_expansion": 39.97,
        "deceleration": 35.44,
        "rotation_down": 22.12,
        "downward_expansion": 24.31
      },
      "activity_lines": [
        259.414004,
        249.345094,
        246.153812,
        248.621021
      ],
      "activity_state": "Wide",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 281.350006,
    "trend_reference": 252.6896,
    "distance_from_trend": 0.113421,
    "trend_direction": "Weakening",
    "fair_value": 273.25403,
    "distance_from_fair_value": 0.029628,
    "fair_value_direction": "Improving",
    "relative_strength": 9.479975,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.002978,
    "excess_performance": 0.046687,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.113421,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.027601,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.029628,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.088437,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.0948,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.076234,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.002978,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.175192,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 8261968,
      "relative_activity": 7.031048,
      "balance": 5.175192,
      "dry_up": 3.301012,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.048459,
      "annualized_volatility": 0.343928,
      "from_high_reference": -0.069898,
      "from_low_reference": 0.250444
    },
    "levels": {
      "trend_reference": 252.6896,
      "fair_value_reference": 273.25403,
      "structural_low": 225.0,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 3,
        "median_return": 0.001553,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.038517,
        "regime_survival": 0.0,
        "best_return": 0.006682,
        "worst_return": -0.14682,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.055834,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.04275,
        "regime_survival": 0.0,
        "best_return": 0.07433,
        "worst_return": -0.155654,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.034468,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.0754,
        "regime_survival": 0.0,
        "best_return": 0.099214,
        "worst_return": -0.030278,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.129258,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.256969,
        "regime_survival": 0.0,
        "best_return": -0.107944,
        "worst_return": -0.150573,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-03-01",
        "end": "2024-06-28",
        "tenure": "Established",
        "return": 0.015954,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-07-05",
        "end": "2024-08-16",
        "tenure": "Developing",
        "return": -0.072406,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-23",
        "end": "2024-09-06",
        "tenure": "New",
        "return": 0.099017,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-13",
        "end": "2024-12-27",
        "tenure": "Established",
        "return": -0.155499,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-03",
        "end": "2025-05-23",
        "tenure": "Established",
        "return": 0.125194,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-30",
        "end": "2025-06-13",
        "tenure": "New",
        "return": -0.00888,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-20",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": 0.023765,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-22",
        "end": "2025-11-07",
        "tenure": "Developing",
        "return": -0.019742,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-14",
        "end": "2025-12-19",
        "tenure": "Developing",
        "return": -0.039483,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-26",
        "end": "2026-02-13",
        "tenure": "Developing",
        "return": 0.118376,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-02-20",
        "end": "2026-03-13",
        "tenure": "New",
        "return": -0.088339,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-20",
        "end": "2026-03-27",
        "tenure": "New",
        "return": 0.018844,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-03",
        "end": "2026-07-31",
        "tenure": "Established",
        "return": 0.145946,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 1112601.7,
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      },
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      },
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      },
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        "fair_value": 274.735472,
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      },
      {
        "date": "2026-07-24",
        "close": 243.110001,
        "volume": 3647528,
        "typical_volume": 696670.5,
        "trend": 251.721847,
        "fair_value": 274.053148,
        "relative_strength": -2.374518,
        "stage": 4,
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        "energy": 31.624535,
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      },
      {
        "date": "2026-07-31",
        "close": 265.0,
        "volume": 3288238,
        "typical_volume": 813659.95,
        "trend": 251.752114,
        "fair_value": 273.542028,
        "relative_strength": 3.947097,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -3.453424,
        "energy": 9.66033,
        "activity_lines": [
          246.202669,
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      },
      {
        "date": "2026-08-07",
        "close": 281.350006,
        "volume": 8261968,
        "typical_volume": 1175069.25,
        "trend": 252.6896,
        "fair_value": 273.25403,
        "relative_strength": 9.479975,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 41.987599,
        "energy": 41.973561,
        "activity_lines": [
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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."
    }
  }
}