{
  "ticker": {
    "uuid": "39c53b4e-8262-4b5d-ac03-d5ed9fba2749",
    "symbol": "SARDAEN",
    "name": "Sarda Energy & Minerals 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": 3,
    "stage_name": "Distribution",
    "phase": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 57.833,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -34.308,
    "architecture_energy": 29.891,
    "architecture_maturity": 14.585,
    "architecture_confidence": 58.372,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 27.7,
        "rotation_up": 26.24,
        "upward_expansion": 11.08,
        "deceleration": 53.39,
        "rotation_down": 52.57,
        "downward_expansion": 52.75
      },
      "activity_lines": [
        504.07333,
        507.789089,
        524.096191,
        528.64043
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 497.600006,
    "trend_reference": 527.849998,
    "distance_from_trend": -0.057308,
    "trend_direction": "Improving",
    "fair_value": 405.855383,
    "distance_from_fair_value": 0.226052,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.007308,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.060334,
    "excess_performance": -0.016625,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.057308,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.005243,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.226052,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.345318,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.060073,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.24143,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.060334,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.592441,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1972917,
      "relative_activity": 0.96623,
      "balance": 0.592441,
      "dry_up": 0.658185,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.066697,
      "annualized_volatility": 0.320935,
      "from_high_reference": -0.222196,
      "from_low_reference": 0.098212
    },
    "levels": {
      "trend_reference": 527.849998,
      "fair_value_reference": 405.855383,
      "structural_low": 477.799988,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": -0.003688,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.036776,
        "regime_survival": 0.5,
        "best_return": 0.144442,
        "worst_return": -0.0658,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.038248,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.029655,
        "regime_survival": 0.0,
        "best_return": 0.173761,
        "worst_return": 0.037055,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.332149,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.137589,
        "regime_survival": 0.0,
        "best_return": 0.634979,
        "worst_return": 0.017697,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.976445,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.865746,
        "regime_survival": 0.0,
        "best_return": 1.108758,
        "worst_return": 0.844132,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-21",
        "end": "2025-04-25",
        "tenure": "Developing",
        "return": -0.125195,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-02",
        "end": "2025-08-01",
        "tenure": "Established",
        "return": -0.007904,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-08",
        "end": "2025-08-22",
        "tenure": "New",
        "return": 0.118418,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-29",
        "end": "2025-10-10",
        "tenure": "Developing",
        "return": -0.051308,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-12-05",
        "tenure": "Developing",
        "return": -0.098854,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-12-12",
        "end": "2025-12-26",
        "tenure": "New",
        "return": 0.022976,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-02",
        "end": "2026-01-23",
        "tenure": "New",
        "return": -0.112333,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-30",
        "end": "2026-02-13",
        "tenure": "New",
        "return": 0.025929,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-20",
        "end": "2026-03-06",
        "tenure": "New",
        "return": 0.081055,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-03-13",
        "end": "2026-03-20",
        "tenure": "New",
        "return": -0.040728,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-27",
        "end": "2026-04-24",
        "tenure": "Developing",
        "return": 0.143363,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-06-12",
        "tenure": "Developing",
        "return": -0.120193,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-19",
        "end": "2026-07-03",
        "tenure": "New",
        "return": -0.029886,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2026-08-07",
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        "return": -0.006687,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
      {
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "volume": 1650994,
        "typical_volume": 2059610.85,
        "trend": 527.188331,
        "fair_value": 403.866754,
        "relative_strength": -1.814433,
        "stage": 3,
        "regime": "rotation_down",
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        "gate": "mixed",
        "direction": -30.666387,
        "energy": 36.208201,
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      },
      {
        "date": "2026-08-07",
        "close": 497.600006,
        "volume": 1972917,
        "typical_volume": 2041871.9,
        "trend": 527.849998,
        "fair_value": 405.855383,
        "relative_strength": -6.007308,
        "stage": 3,
        "regime": "rotation_down",
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        "gate": "mixed",
        "direction": -34.308427,
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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."
    }
  }
}