{
  "ticker": {
    "uuid": "4148107e-d891-4db6-9ad8-e4430a328c1f",
    "symbol": "PPL",
    "name": "Prakash Pipes 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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 48.988,
    "architecture_energy": 40.921,
    "architecture_maturity": 66.858,
    "architecture_confidence": 60.867,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 28.19,
        "rotation_up": 43.78,
        "upward_expansion": 67.91,
        "deceleration": 65.4,
        "rotation_down": 25.12,
        "downward_expansion": 17.91
      },
      "activity_lines": [
        264.259998,
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        246.252524,
        234.00643
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 260.399994,
    "trend_reference": 221.427333,
    "distance_from_trend": 0.176007,
    "trend_direction": "Improving",
    "fair_value": 366.832242,
    "distance_from_fair_value": -0.290139,
    "fair_value_direction": "Improving",
    "relative_strength": 6.421106,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.182722,
    "excess_performance": 0.226432,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.176007,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.017829,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.290139,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.118979,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.064211,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.285452,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.182722,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.491539,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 144779,
      "relative_activity": 0.461718,
      "balance": 1.491539,
      "dry_up": 0.408189,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.086728,
      "annualized_volatility": 0.437668,
      "from_high_reference": -0.270293,
      "from_low_reference": 0.59549
    },
    "levels": {
      "trend_reference": 221.427333,
      "fair_value_reference": 366.832242,
      "structural_low": 163.210007,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 19,
        "median_return": 0.006513,
        "positive_rate": 0.631579,
        "directional_follow_through": 0.631579,
        "median_excess_return": -0.008377,
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        "worst_return": -0.221368,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
      },
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        "horizon": "Extended",
        "sample_count": 5,
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        "worst_return": -0.24679,
        "sufficient": true
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-04-17",
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        "date": "2026-06-05",
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      },
      {
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 367145.15,
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        "fair_value": 365.533215,
        "relative_strength": 9.623874,
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      },
      {
        "date": "2026-07-17",
        "close": 255.899994,
        "volume": 131030,
        "typical_volume": 361878.65,
        "trend": 218.314666,
        "fair_value": 366.019291,
        "relative_strength": 3.369592,
        "stage": 1,
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        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.011666,
        "energy": 83.904957,
        "activity_lines": [
          267.384003,
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      },
      {
        "date": "2026-07-24",
        "close": 271.350006,
        "volume": 132578,
        "typical_volume": 355179.35,
        "trend": 219.3,
        "fair_value": 366.595285,
        "relative_strength": 12.982109,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.316778,
        "energy": 70.905921,
        "activity_lines": [
          268.756004,
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      },
      {
        "date": "2026-07-31",
        "close": 265.899994,
        "volume": 103590,
        "typical_volume": 326766.45,
        "trend": 220.144666,
        "fair_value": 366.79697,
        "relative_strength": 8.714165,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.287606,
        "energy": 52.997354,
        "activity_lines": [
          267.530001,
          263.624547,
          243.050667,
          231.409312
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      },
      {
        "date": "2026-08-07",
        "close": 260.399994,
        "volume": 144779,
        "typical_volume": 313566.1,
        "trend": 221.427333,
        "fair_value": 366.832242,
        "relative_strength": 6.421106,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 48.988359,
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        "activity_lines": [
          264.259998,
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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."
    }
  }
}