{
  "ticker": {
    "uuid": "3b87aba7-a0d0-43a3-b406-b5e4d50d53ce",
    "symbol": "BEML",
    "name": "BEML 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 76.434,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 31.691,
    "architecture_energy": 16.678,
    "architecture_maturity": 17.424,
    "architecture_confidence": 79.164,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 48.41,
        "rotation_up": 30.53,
        "upward_expansion": 57.74,
        "deceleration": 81.74,
        "rotation_down": 29.9,
        "downward_expansion": 19.07
      },
      "activity_lines": [
        1771.173348,
        1782.909091,
        1780.085675,
        1748.984556
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 1787.800049,
    "trend_reference": 1720.674495,
    "distance_from_trend": 0.039011,
    "trend_direction": "Weakening",
    "fair_value": 1755.30085,
    "distance_from_fair_value": 0.018515,
    "fair_value_direction": "Weakening",
    "relative_strength": -1.776049,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.108412,
    "excess_performance": 0.152121,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.039011,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.010335,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.018515,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.145425,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.01776,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.071776,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.108412,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.723418,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2219751,
      "relative_activity": 1.861435,
      "balance": 0.723418,
      "dry_up": 0.96814,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.059647,
      "annualized_volatility": 0.344952,
      "from_high_reference": -0.21224,
      "from_low_reference": 0.321159
    },
    "levels": {
      "trend_reference": 1720.674495,
      "fair_value_reference": 1755.30085,
      "structural_low": 1353.205956,
      "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": 11,
        "median_return": -0.049963,
        "positive_rate": 0.272727,
        "directional_follow_through": 0.272727,
        "median_excess_return": -0.051189,
        "regime_survival": 0.454545,
        "best_return": 0.443721,
        "worst_return": -0.158921,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.13504,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.118098,
        "regime_survival": 0.2,
        "best_return": 0.267196,
        "worst_return": -0.308366,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.042479,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.059189,
        "regime_survival": 0.0,
        "best_return": 0.318192,
        "worst_return": -0.323602,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.047749,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.02257,
        "regime_survival": 0.0,
        "best_return": 0.055115,
        "worst_return": 0.040384,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-03",
        "end": "2025-01-24",
        "tenure": "New",
        "return": -0.12197,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-31",
        "end": "2025-05-02",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
        "return": 0.220799,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-07-25",
        "tenure": "New",
        "return": -0.08312,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-09-19",
        "tenure": "Developing",
        "return": 0.132981,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
        "return": -0.046132,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2025-11-21",
        "tenure": "New",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "return": -0.064387,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "Established",
        "return": 0.155766,
        "active": false
      },
      {
        "regime": "rotation_up",
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        "tenure": "New",
        "return": -0.036743,
        "active": false
      },
      {
        "regime": "balance",
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      },
      {
        "regime": "upward_expansion",
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      {
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        "active": true
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    ],
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "stage": 4,
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      },
      {
        "date": "2026-08-07",
        "close": 1787.800049,
        "volume": 2219751,
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        "trend": 1720.674495,
        "fair_value": 1755.30085,
        "relative_strength": -1.776049,
        "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."
    }
  }
}