{
  "ticker": {
    "uuid": "4012b281-5472-4ac4-a82d-4c8db1f645d5",
    "symbol": "DRREDDY",
    "name": "Dr. Reddy's Laboratories 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": 91.69,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Structural failure",
    "architecture_gate": "down",
    "architecture_direction": -62.779,
    "architecture_energy": 77.079,
    "architecture_maturity": 9.754,
    "architecture_confidence": 81.735,
    "architecture_tenure": "New",
    "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": 22.45,
        "rotation_up": 10.8,
        "upward_expansion": 20.12,
        "deceleration": 34.19,
        "rotation_down": 75.32,
        "downward_expansion": 91.12
      },
      "activity_lines": [
        1171.613314,
        1218.236053,
        1251.407142,
        1260.179821
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 1172.0,
    "trend_reference": 1262.824056,
    "distance_from_trend": -0.071921,
    "trend_direction": "Weakening",
    "fair_value": 1231.101994,
    "distance_from_fair_value": -0.048007,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.586678,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.055752,
    "excess_performance": -0.012043,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.071921,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.002264,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.048007,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.118103,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.065867,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.123363,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.055752,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.353705,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 8601555,
      "relative_activity": 0.881237,
      "balance": 0.353705,
      "dry_up": 1.127373,
      "accumulation_observations": 1,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.052342,
      "annualized_volatility": 0.23135,
      "from_high_reference": -0.151732,
      "from_low_reference": 0.064487
    },
    "levels": {
      "trend_reference": 1262.824056,
      "fair_value_reference": 1231.101994,
      "structural_low": 1101.0,
      "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": 4,
        "median_return": 0.073895,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.017217,
        "regime_survival": 0.25,
        "best_return": 0.106386,
        "worst_return": -0.02549,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.02534,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.005101,
        "regime_survival": 0.0,
        "best_return": 0.106468,
        "worst_return": -0.051587,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.040308,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.019273,
        "regime_survival": 0.333333,
        "best_return": 0.053601,
        "worst_return": -0.051547,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.012568,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.06396,
        "regime_survival": 0.0,
        "best_return": 0.09607,
        "worst_return": -0.070935,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-31",
        "end": "2025-02-07",
        "tenure": "New",
        "return": 0.018935,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-14",
        "end": "2025-05-09",
        "tenure": "Established",
        "return": -0.034376,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.016657,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-07-18",
        "tenure": "Developing",
        "return": -0.04196,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-07-25",
        "end": "2025-09-12",
        "tenure": "Developing",
        "return": 0.030362,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-10-10",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2026-02-06",
        "tenure": "New",
        "return": 0.004532,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "return": 0.028152,
        "active": false
      },
      {
        "regime": "rotation_up",
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        "return": -0.008203,
        "active": false
      },
      {
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        "return": 0.098086,
        "active": false
      },
      {
        "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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        "fair_value": 1230.963839,
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      },
      {
        "date": "2026-08-07",
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        "trend": 1262.824056,
        "fair_value": 1231.101994,
        "relative_strength": -6.586678,
        "stage": 4,
        "regime": "rotation_down",
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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."
    }
  }
}