{
  "ticker": {
    "uuid": "3ba6c5cc-3f95-4997-baed-dd1c02457beb",
    "symbol": "VINDHYATEL",
    "name": "Vindhya Telelinks 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": 57.815,
    "architecture_energy": 34.688,
    "architecture_maturity": 65.96,
    "architecture_confidence": 96,
    "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": 34.05,
        "rotation_up": 34.01,
        "upward_expansion": 56.91,
        "deceleration": 90.47,
        "rotation_down": 26.67,
        "downward_expansion": 20.57
      },
      "activity_lines": [
        2024.925708,
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        1929.478599,
        1752.482247
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 2241.699951,
    "trend_reference": 1543.663466,
    "distance_from_trend": 0.452195,
    "trend_direction": "Improving",
    "fair_value": 1879.968402,
    "distance_from_fair_value": 0.192414,
    "fair_value_direction": "Improving",
    "relative_strength": 49.823589,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.80143,
    "excess_performance": 0.845139,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.452195,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.150875,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.192414,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.233999,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.498236,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.181003,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.80143,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.098254,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1043132,
      "relative_activity": 3.218889,
      "balance": 3.098254,
      "dry_up": 1.111309,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.122206,
      "annualized_volatility": 0.831466,
      "from_high_reference": -0.091583,
      "from_low_reference": 1.325656
    },
    "levels": {
      "trend_reference": 1543.663466,
      "fair_value_reference": 1879.968402,
      "structural_low": 963.900024,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 12,
        "median_return": -0.001124,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.007194,
        "regime_survival": 0.5,
        "best_return": 0.094858,
        "worst_return": -0.098424,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.028709,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.089174,
        "regime_survival": 0.0,
        "best_return": 0.213174,
        "worst_return": -0.119243,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.013887,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.040709,
        "regime_survival": 0.0,
        "best_return": 0.179295,
        "worst_return": -0.441383,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.171727,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.120623,
        "regime_survival": 0.333333,
        "best_return": 0.540973,
        "worst_return": -0.370431,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-03-15",
        "end": "2024-07-19",
        "tenure": "Established",
        "return": 0.277759,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-26",
        "end": "2024-09-06",
        "tenure": "Developing",
        "return": -0.222026,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-09-13",
        "end": "2024-10-04",
        "tenure": "New",
        "return": -0.043709,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "tenure": "New",
        "return": -0.017011,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-10-25",
        "end": "2025-05-30",
        "tenure": "Extended",
        "return": -0.115384,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-06",
        "end": "2025-08-01",
        "tenure": "Developing",
        "return": -0.072922,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-10-10",
        "tenure": "Developing",
        "return": -0.066554,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-11-07",
        "tenure": "New",
        "return": -0.044443,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-11-28",
        "tenure": "New",
        "return": -0.035742,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-05",
        "end": "2026-01-09",
        "tenure": "Developing",
        "return": -0.08292,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-16",
        "end": "2026-05-01",
        "tenure": "Established",
        "return": 0.064127,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": true
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
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        "trend": 1543.663466,
        "fair_value": 1879.968402,
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        "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."
    }
  }
}