{
  "ticker": {
    "uuid": "498db473-ead9-4ae8-9ad8-ee4a134c58d8",
    "symbol": "PILANIINVS",
    "name": "Pilani Investment and Industries Corporation 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": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -51.295,
    "architecture_energy": 33.801,
    "architecture_maturity": 22.676,
    "architecture_confidence": 93.675,
    "architecture_tenure": "Developing",
    "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": 37.65,
        "rotation_up": 20.62,
        "upward_expansion": 4.4,
        "deceleration": 47.02,
        "rotation_down": 46.16,
        "downward_expansion": 75.4
      },
      "activity_lines": [
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        4468.952451
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      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 4370.700195,
    "trend_reference": 4522.032324,
    "distance_from_trend": -0.033466,
    "trend_direction": "Weakening",
    "fair_value": 4392.69703,
    "distance_from_fair_value": -0.005008,
    "fair_value_direction": "Weakening",
    "relative_strength": -8.724347,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.052053,
    "excess_performance": -0.008344,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.033466,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.058749,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.005008,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.156313,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.087243,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.081623,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.052053,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.578837,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 5303,
      "relative_activity": 0.611286,
      "balance": 0.578837,
      "dry_up": 0.626617,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.047074,
      "annualized_volatility": 0.295768,
      "from_high_reference": -0.269114,
      "from_low_reference": 0.068056
    },
    "levels": {
      "trend_reference": 4522.032324,
      "fair_value_reference": 4392.69703,
      "structural_low": 4092.199951,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 20,
        "median_return": 0.03328,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.006444,
        "regime_survival": 0.75,
        "best_return": 0.311105,
        "worst_return": -0.121306,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "regime_survival": 0.5,
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        "worst_return": -0.088113,
        "sufficient": true
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        "horizon": "Extended",
        "sample_count": 4,
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        "worst_return": -0.057926,
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      {
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      },
      {
        "date": "2026-07-24",
        "close": 4311.399902,
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        "fair_value": 4362.262957,
        "relative_strength": -7.413551,
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      },
      {
        "date": "2026-07-31",
        "close": 4319.799805,
        "volume": 4813,
        "typical_volume": 12986.1,
        "trend": 4540.875651,
        "fair_value": 4377.214694,
        "relative_strength": -9.331852,
        "stage": 4,
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        "modifier": "Early contraction",
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        "direction": -55.043861,
        "energy": 31.776762,
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      },
      {
        "date": "2026-08-07",
        "close": 4370.700195,
        "volume": 5303,
        "typical_volume": 8675.15,
        "trend": 4522.032324,
        "fair_value": 4392.69703,
        "relative_strength": -8.724347,
        "stage": 4,
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        "modifier": "Established contraction",
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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."
    }
  }
}