{
  "ticker": {
    "uuid": "46a09b69-4171-4fbb-a0cd-3aafdb5bbb86",
    "symbol": "PRAXIS",
    "name": "Praxis Home Retail 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": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -42.061,
    "architecture_energy": 40.148,
    "architecture_maturity": 30.963,
    "architecture_confidence": 72.045,
    "architecture_tenure": "Established",
    "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": 47.16,
        "rotation_up": 9.36,
        "upward_expansion": 13.78,
        "deceleration": 49.05,
        "rotation_down": 61.27,
        "downward_expansion": 68.11
      },
      "activity_lines": [
        6.843333,
        7.229636,
        7.337762,
        7.300817
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 6.91,
    "trend_reference": 7.367,
    "distance_from_trend": -0.062033,
    "trend_direction": "Weakening",
    "fair_value": 16.396658,
    "distance_from_fair_value": -0.578573,
    "fair_value_direction": "Weakening",
    "relative_strength": -22.735296,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.128625,
    "excess_performance": -0.084916,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.062033,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.106091,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.578573,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.031265,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.227353,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.004856,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.128625,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.314931,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 891014,
      "relative_activity": 1.068041,
      "balance": 0.314931,
      "dry_up": 0.780453,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.11455,
      "annualized_volatility": 0.781574,
      "from_high_reference": -0.521468,
      "from_low_reference": 0.313688
    },
    "levels": {
      "trend_reference": 7.367,
      "fair_value_reference": 16.396658,
      "structural_low": 5.26,
      "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": 14,
        "median_return": -0.007078,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.012736,
        "regime_survival": 0.714286,
        "best_return": 0.422018,
        "worst_return": -0.235581,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.024448,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.040444,
        "regime_survival": 0.0,
        "best_return": 1.076453,
        "worst_return": -0.332665,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.389082,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.31878,
        "regime_survival": 0.0,
        "best_return": 1.901863,
        "worst_return": -0.382766,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.141284,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.39337,
        "regime_survival": 0.333333,
        "best_return": 0.333121,
        "worst_return": -0.437697,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-01-05",
        "end": "2024-02-02",
        "tenure": "Developing",
        "return": -0.142379,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-02-09",
        "end": "2024-02-16",
        "tenure": "New",
        "return": -0.002004,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-02-23",
        "end": "2024-03-08",
        "tenure": "New",
        "return": 0.014851,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-03-15",
        "end": "2024-09-06",
        "tenure": "Established",
        "return": -0.030509,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-09-13",
        "end": "2024-10-04",
        "tenure": "New",
        "return": 0.205398,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-11",
        "end": "2024-11-22",
        "tenure": "Developing",
        "return": -0.100929,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-29",
        "end": "2025-02-07",
        "tenure": "Developing",
        "return": -0.265539,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-02-14",
        "end": "2025-02-21",
        "tenure": "New",
        "return": -0.11194,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-28",
        "end": "2025-06-06",
        "tenure": "Established",
        "return": -0.107068,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-13",
        "end": "2025-09-05",
        "tenure": "Established",
        "return": 0.038644,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-12",
        "end": "2025-09-26",
        "tenure": "New",
        "return": -0.043654,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-03",
        "end": "2025-11-28",
        "tenure": "Developing",
        "return": -0.170194,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-05",
        "end": "2026-05-08",
        "tenure": "Established",
        "return": -0.184989,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-15",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.102597,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 21.200001,
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        "typical_volume": 445609.1,
        "trend": 16.311702,
        "fair_value": 24.383968,
        "relative_strength": 0.475323,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 62.538111,
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        "activity_lines": [
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      },
      {
        "date": "2023-08-25",
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        "typical_volume": 452361.75,
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      },
      {
        "date": "2023-09-01",
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      },
      {
        "date": "2023-09-08",
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      },
      {
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      },
      {
        "date": "2023-09-22",
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      },
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      },
      {
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      },
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      },
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      },
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        "fair_value": 17.130284,
        "relative_strength": -30.015855,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.043828,
        "energy": 25.035607,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-01",
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        "energy": 23.865596,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 1625010.1,
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        "modifier": "Established contraction",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "volume": 390951,
        "typical_volume": 1623306.25,
        "trend": 8.564667,
        "fair_value": 16.983472,
        "relative_strength": -20.162577,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -15.008496,
        "energy": 13.216565,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 1610056.0,
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        "stage": 4,
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        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -15.871353,
        "energy": 13.71245,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
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        "fair_value": 16.891978,
        "relative_strength": -23.940959,
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        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -22.56994,
        "energy": 11.344281,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 55740,
        "typical_volume": 1549556.85,
        "trend": 8.068333,
        "fair_value": 16.864286,
        "relative_strength": -26.434899,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -43.586456,
        "energy": 24.298458,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "volume": 24904,
        "typical_volume": 1511583.25,
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        "relative_strength": -22.680324,
        "stage": 4,
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        "modifier": "Balance after decline",
        "gate": "down",
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      },
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        "date": "2026-06-19",
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        "energy": 10.043838,
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      },
      {
        "date": "2026-06-26",
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        "volume": 0,
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        "relative_strength": -8.449781,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 3.551998,
        "energy": 14.833522,
        "activity_lines": [
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          7.480688
        ]
      },
      {
        "date": "2026-07-03",
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        "volume": 67672,
        "typical_volume": 1196010.9,
        "trend": 7.784667,
        "fair_value": 16.705953,
        "relative_strength": -14.110916,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 12.629862,
        "energy": 25.997078,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "volume": 179933,
        "typical_volume": 1008123.4,
        "trend": 7.693333,
        "fair_value": 16.661209,
        "relative_strength": -16.109458,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 15.620601,
        "energy": 31.564375,
        "activity_lines": [
          7.926667,
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        ]
      },
      {
        "date": "2026-07-17",
        "close": 7.56,
        "volume": 241346,
        "typical_volume": 935947.4,
        "trend": 7.627333,
        "fair_value": 16.614158,
        "relative_strength": -16.925044,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 22.842101,
        "energy": 31.129349,
        "activity_lines": [
          7.825333,
          7.683273,
          7.508238,
          7.472108
        ]
      },
      {
        "date": "2026-07-24",
        "close": 6.93,
        "volume": 423991,
        "typical_volume": 928951.9,
        "trend": 7.551333,
        "fair_value": 16.553773,
        "relative_strength": -21.246111,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -11.351842,
        "energy": 8.497202,
        "activity_lines": [
          7.485333,
          7.565455,
          7.478238,
          7.427118
        ]
      },
      {
        "date": "2026-07-31",
        "close": 6.13,
        "volume": 1048023,
        "typical_volume": 882125.0,
        "trend": 7.446333,
        "fair_value": 16.478325,
        "relative_strength": -31.395055,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -60.331485,
        "energy": 42.387609,
        "activity_lines": [
          6.956,
          7.316182,
          7.370571,
          7.335419
        ]
      },
      {
        "date": "2026-08-07",
        "close": 6.91,
        "volume": 891014,
        "typical_volume": 834250.45,
        "trend": 7.367,
        "fair_value": 16.396658,
        "relative_strength": -22.735296,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -42.061338,
        "energy": 40.148037,
        "activity_lines": [
          6.843333,
          7.229636,
          7.337762,
          7.300817
        ]
      }
    ],
    "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."
    }
  }
}