{
  "ticker": {
    "uuid": "3c65e717-5622-4bd0-ba74-27f0d7bc39d1",
    "symbol": "RITES",
    "name": "RITES 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": 80.568,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "up",
    "architecture_direction": 71.386,
    "architecture_energy": 49.28,
    "architecture_maturity": 32.027,
    "architecture_confidence": 89.729,
    "architecture_tenure": "Developing",
    "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": 36.61,
        "rotation_up": 57.16,
        "upward_expansion": 79.3,
        "deceleration": 52.62,
        "rotation_down": 15.09,
        "downward_expansion": 8.3
      },
      "activity_lines": [
        222.153334,
        219.199819,
        215.736477,
        213.452388
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 234.240005,
    "trend_reference": 212.879389,
    "distance_from_trend": 0.100341,
    "trend_direction": "Weakening",
    "fair_value": 258.643935,
    "distance_from_fair_value": -0.094353,
    "fair_value_direction": "Improving",
    "relative_strength": 4.618687,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.055093,
    "excess_performance": 0.098802,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.100341,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.030517,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.094353,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.019069,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.046187,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.06293,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.055093,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 9.395997,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 8832496,
      "relative_activity": 0.968876,
      "balance": 9.395997,
      "dry_up": 0.477767,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.055866,
      "annualized_volatility": 0.298684,
      "from_high_reference": -0.144285,
      "from_low_reference": 0.338514
    },
    "levels": {
      "trend_reference": 212.879389,
      "fair_value_reference": 258.643935,
      "structural_low": 175.0,
      "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": 10,
        "median_return": -0.025853,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.010213,
        "regime_survival": 0.5,
        "best_return": 0.189266,
        "worst_return": -0.188371,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.059142,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.002419,
        "regime_survival": 0.0,
        "best_return": 0.106566,
        "worst_return": -0.155672,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.03007,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.020886,
        "regime_survival": 0.0,
        "best_return": 0.403885,
        "worst_return": -0.355439,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.349472,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.326171,
        "regime_survival": 0.0,
        "best_return": 1.073954,
        "worst_return": -0.215157,
        "sufficient": false
      }
    ],
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        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Established",
        "return": 0.351909,
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2024-08-09",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-08-30",
        "tenure": "New",
        "return": -0.00923,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-09-13",
        "tenure": "New",
        "return": 0.050843,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-05-09",
        "tenure": "Extended",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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      },
      {
        "regime": "downward_expansion",
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      },
      {
        "regime": "balance",
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        "active": true
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    ],
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      },
      {
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        "volume": 4383993,
        "typical_volume": 8919254.05,
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        "fair_value": 258.467459,
        "relative_strength": -2.222025,
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        "direction": 21.543184,
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      },
      {
        "date": "2026-07-24",
        "close": 213.699997,
        "volume": 2121925,
        "typical_volume": 8831979.7,
        "trend": 213.733233,
        "fair_value": 258.500478,
        "relative_strength": -1.630135,
        "stage": 1,
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        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 22.126819,
        "energy": 34.172096,
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      },
      {
        "date": "2026-07-31",
        "close": 214.300003,
        "volume": 2083330,
        "typical_volume": 8790983.9,
        "trend": 212.748699,
        "fair_value": 258.54012,
        "relative_strength": -3.612545,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 18.841641,
        "energy": 25.58427,
        "activity_lines": [
          216.798665,
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      },
      {
        "date": "2026-08-07",
        "close": 234.240005,
        "volume": 8832496,
        "typical_volume": 9116230.6,
        "trend": 212.879389,
        "fair_value": 258.643935,
        "relative_strength": 4.618687,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 71.38631,
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        "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."
    }
  }
}