{
  "ticker": {
    "uuid": "4ab70cfc-5d89-4630-8fd0-4d0d1252af08",
    "symbol": "JSWENERGY",
    "name": "JSW Energy 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 38.454,
    "architecture_energy": 18.022,
    "architecture_maturity": 36.211,
    "architecture_confidence": 94.292,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 46.67,
        "rotation_up": 28.1,
        "upward_expansion": 53.54,
        "deceleration": 87.84,
        "rotation_down": 24.51,
        "downward_expansion": 17.2
      },
      "activity_lines": [
        555.546675,
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        555.995728,
        544.311151
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 564.400024,
    "trend_reference": 526.537941,
    "distance_from_trend": 0.071908,
    "trend_direction": "Improving",
    "fair_value": 538.713256,
    "distance_from_fair_value": 0.047682,
    "fair_value_direction": "Weakening",
    "relative_strength": 9.081362,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.192856,
    "excess_performance": 0.236566,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.071908,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.044937,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.047682,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.057137,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.090814,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.066043,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.192856,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.01996,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 8271054,
      "relative_activity": 0.612864,
      "balance": 2.01996,
      "dry_up": 0.763182,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.05452,
      "annualized_volatility": 0.291229,
      "from_high_reference": -0.08266,
      "from_low_reference": 0.319462
    },
    "levels": {
      "trend_reference": 526.537941,
      "fair_value_reference": 538.713256,
      "structural_low": 464.5,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 12,
        "median_return": -0.026318,
        "positive_rate": 0.416667,
        "directional_follow_through": 0.416667,
        "median_excess_return": -0.020447,
        "regime_survival": 0.666667,
        "best_return": 0.155176,
        "worst_return": -0.081453,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.100669,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.089849,
        "regime_survival": 0.2,
        "best_return": 0.226257,
        "worst_return": -0.160077,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.097267,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.056445,
        "regime_survival": 0.0,
        "best_return": 0.630777,
        "worst_return": -0.342756,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.321514,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.243724,
        "regime_survival": 0.666667,
        "best_return": 0.837178,
        "worst_return": 0.039848,
        "sufficient": false
      }
    ],
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        "label": "Upward Expansion",
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        "end": "2024-08-09",
        "tenure": "Extended",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-09-13",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-10-11",
        "tenure": "New",
        "return": -0.096696,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-12-27",
        "tenure": "Developing",
        "return": -0.075423,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-03",
        "end": "2025-06-13",
        "tenure": "Established",
        "return": -0.197899,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-10-03",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-11-14",
        "tenure": "Developing",
        "return": -0.031502,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-11-28",
        "tenure": "New",
        "return": 0.008461,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-12-12",
        "tenure": "New",
        "return": 0.043836,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2026-03-06",
        "tenure": "Developing",
        "return": 0.020805,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2026-04-24",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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        "active": true
      }
    ],
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 13872366.75,
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        "fair_value": 537.272133,
        "relative_strength": 8.274707,
        "stage": 2,
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      },
      {
        "date": "2026-08-07",
        "close": 564.400024,
        "volume": 8271054,
        "typical_volume": 13495747.5,
        "trend": 526.537941,
        "fair_value": 538.713256,
        "relative_strength": 9.081362,
        "stage": 2,
        "regime": "deceleration",
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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."
    }
  }
}