{
  "ticker": {
    "uuid": "3ce636b1-5f1e-4e4f-b3f6-3a6c1df0f01e",
    "symbol": "SHYAMTEL",
    "name": "Shyam Telecom 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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "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": -2.761,
    "architecture_energy": 21.965,
    "architecture_maturity": 50.188,
    "architecture_confidence": 71.358,
    "architecture_tenure": "Developing",
    "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": 48.53,
        "rotation_up": 14.09,
        "upward_expansion": 47.39,
        "deceleration": 79.4,
        "rotation_down": 45.52,
        "downward_expansion": 32.39
      },
      "activity_lines": [
        15.958,
        16.758364,
        17.389714,
        16.193355
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 15.54,
    "trend_reference": 14.519667,
    "distance_from_trend": 0.070272,
    "trend_direction": "Improving",
    "fair_value": 13.946859,
    "distance_from_fair_value": 0.114229,
    "fair_value_direction": "Weakening",
    "relative_strength": 11.925768,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.566532,
    "excess_performance": 0.610241,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.070272,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.116897,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.114229,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.724174,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.119258,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.766429,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.566532,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.258765,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 18449,
      "relative_activity": 0.21442,
      "balance": 0.258765,
      "dry_up": 0.137593,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.114494,
      "annualized_volatility": 1.055681,
      "from_high_reference": -0.38867,
      "from_low_reference": 1.19802
    },
    "levels": {
      "trend_reference": 14.519667,
      "fair_value_reference": 13.946859,
      "structural_low": 7.07,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": -0.135322,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.150993,
        "regime_survival": 0.5,
        "best_return": 0.854749,
        "worst_return": -0.249012,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.265458,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.304438,
        "regime_survival": 0.25,
        "best_return": 0.759777,
        "worst_return": -0.434783,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.16996,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.24962,
        "regime_survival": 0.0,
        "best_return": 0.470391,
        "worst_return": -0.203704,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.081988,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.013764,
        "regime_survival": 0.0,
        "best_return": 0.452514,
        "worst_return": -0.288538,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-09",
        "end": "2024-08-30",
        "tenure": "New",
        "return": -0.031056,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-06",
        "end": "2024-09-27",
        "tenure": "New",
        "return": -0.07972,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-10-04",
        "end": "2024-10-18",
        "tenure": "New",
        "return": 0.120407,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-10-25",
        "end": "2024-11-01",
        "tenure": "New",
        "return": 0.274521,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-08",
        "end": "2024-12-20",
        "tenure": "Developing",
        "return": -0.150657,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-27",
        "end": "2025-01-31",
        "tenure": "Developing",
        "return": -0.286062,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-02-07",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": -0.117028,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-21",
        "end": "2025-06-27",
        "tenure": "Established",
        "return": 0.188364,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-04",
        "end": "2025-07-25",
        "tenure": "New",
        "return": -0.043934,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-01",
        "end": "2025-11-14",
        "tenure": "Established",
        "return": -0.174185,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-21",
        "end": "2026-04-17",
        "tenure": "Established",
        "return": -0.167205,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-04-24",
        "end": "2026-05-08",
        "tenure": "New",
        "return": 0.292002,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-15",
        "end": "2026-06-12",
        "tenure": "Developing",
        "return": -0.315113,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-06-19",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.182536,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
        "close": 6.5,
        "volume": 3048,
        "typical_volume": 5054.15,
        "trend": 8.003333,
        "fair_value": 10.09391,
        "relative_strength": -32.095146,
        "stage": 4,
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        "modifier": "Established contraction",
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        "activity_lines": [
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      },
      {
        "date": "2023-08-25",
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      },
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      {
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      },
      {
        "date": "2023-09-15",
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      },
      {
        "date": "2023-09-22",
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 104819.45,
        "trend": 12.342667,
        "fair_value": 13.092885,
        "relative_strength": 88.568661,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 105827.55,
        "trend": 12.632333,
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        "stage": 2,
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        "energy": 89.676054,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 104219.95,
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        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 103534.9,
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        "relative_strength": 41.465034,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 99571.25,
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        "relative_strength": 14.805861,
        "stage": 2,
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      },
      {
        "date": "2026-06-19",
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        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "stage": 2,
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        "modifier": "Recompressing",
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        "direction": 56.62627,
        "energy": 34.771175,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 18.620001,
        "volume": 2283,
        "typical_volume": 96912.85,
        "trend": 13.920333,
        "fair_value": 13.655385,
        "relative_strength": 37.338675,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "energy": 33.505148,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 17.15,
        "volume": 3272,
        "typical_volume": 94500.5,
        "trend": 14.064,
        "fair_value": 13.720449,
        "relative_strength": 26.325719,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.483604,
        "energy": 34.864323,
        "activity_lines": [
          18.326667,
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      },
      {
        "date": "2026-07-17",
        "close": 15.86,
        "volume": 19006,
        "typical_volume": 94409.0,
        "trend": 14.171,
        "fair_value": 13.777885,
        "relative_strength": 16.136562,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.01412,
        "energy": 24.174434,
        "activity_lines": [
          17.595334,
          17.749091,
          17.420476,
          15.880882
        ]
      },
      {
        "date": "2026-07-24",
        "close": 15.88,
        "volume": 4871,
        "typical_volume": 93874.5,
        "trend": 14.282333,
        "fair_value": 13.834808,
        "relative_strength": 18.726349,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.677013,
        "energy": 18.513613,
        "activity_lines": [
          16.807333,
          17.322546,
          17.435667,
          15.99114
        ]
      },
      {
        "date": "2026-07-31",
        "close": 16.290001,
        "volume": 5029,
        "typical_volume": 93644.1,
        "trend": 14.413333,
        "fair_value": 13.892115,
        "relative_strength": 18.384549,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.151412,
        "energy": 22.312109,
        "activity_lines": [
          16.364667,
          17.077637,
          17.463667,
          16.120667
        ]
      },
      {
        "date": "2026-08-07",
        "close": 15.54,
        "volume": 18449,
        "typical_volume": 86041.6,
        "trend": 14.519667,
        "fair_value": 13.946859,
        "relative_strength": 11.925768,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -2.760719,
        "energy": 21.965226,
        "activity_lines": [
          15.958,
          16.758364,
          17.389714,
          16.193355
        ]
      }
    ],
    "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."
    }
  }
}