{ "ticker": { "uuid": "43c5ffa0-bb06-417c-89ca-e209cab4b88f", "symbol": "NETWORK18", "name": "Network18 Media & Investments 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": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -61.144, "architecture_energy": 68.819, "architecture_maturity": 14.601, "architecture_confidence": 83.49, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 28.39, "rotation_up": 9.99, "upward_expansion": 15.35, "deceleration": 37.33, "rotation_down": 70.34, "downward_expansion": 88.68 }, "activity_lines": [ 29.508667, 30.551273, 31.533048, 32.011527 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 29.559999, "trend_reference": 33.121, "distance_from_trend": -0.107515, "trend_direction": "Weakening", "fair_value": 63.387308, "distance_from_fair_value": -0.533661, "fair_value_direction": "Weakening", "relative_strength": -24.790966, "relative_strength_direction": "Weakening", "price_momentum": -0.217368, "excess_performance": -0.173659, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.107515, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.114325, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.533661, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.055718, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.24791, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.029063, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.217368, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.23961, "read": "Demand-led" } ], "volume": { "latest": 11886344, "relative_activity": 0.563005, "balance": 1.23961, "dry_up": 0.742284, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.076481, "annualized_volatility": 0.36269, "from_high_reference": -0.495132, "from_low_reference": 0.07962 }, "levels": { "trend_reference": 33.121, "fair_value_reference": 63.387308, 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"stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.243833, "energy": 47.003341, "activity_lines": [ 31.52, 31.949818, 32.383095, 32.942237 ] }, { "date": "2026-07-24", "close": 28.620001, "volume": 15686334, "typical_volume": 22046849.1, "trend": 34.007667, "fair_value": 63.780513, "relative_strength": -26.746772, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.421383, "energy": 67.592128, "activity_lines": [ 30.344, 31.318364, 32.027857, 32.561699 ] }, { "date": "2026-07-31", "close": 29.450001, "volume": 11102921, "typical_volume": 21688628.4, "trend": 33.53, "fair_value": 63.596538, "relative_strength": -25.541316, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.830854, "energy": 70.13123, "activity_lines": [ 29.802001, 30.903273, 31.771286, 32.267656 ] }, { "date": "2026-08-07", "close": 29.559999, "volume": 11886344, "typical_volume": 21112306.9, "trend": 33.121, "fair_value": 63.387308, "relative_strength": -24.790966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.144247, "energy": 68.818672, "activity_lines": [ 29.508667, 30.551273, 31.533048, 32.011527 ] } ], "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." } } }