{
  "ticker": {
    "uuid": "4b502f6f-fd33-4e00-9c51-5042c1ca56a6",
    "symbol": "DISHTV",
    "name": "Dish TV India 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": -53.501,
    "architecture_energy": 64.313,
    "architecture_maturity": 12.079,
    "architecture_confidence": 81.108,
    "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": 24.24,
        "rotation_up": 8.27,
        "upward_expansion": 21.31,
        "deceleration": 43.36,
        "rotation_down": 71.49,
        "downward_expansion": 84.98
      },
      "activity_lines": [
        2.875333,
        2.951636,
        3.118667,
        3.103742
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 2.89,
    "trend_reference": 3.127667,
    "distance_from_trend": -0.075988,
    "trend_direction": "Weakening",
    "fair_value": 10.280513,
    "distance_from_fair_value": -0.718886,
    "fair_value_direction": "Weakening",
    "relative_strength": -22.179772,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.147493,
    "excess_performance": -0.103784,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.075988,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.107231,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.718886,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.057993,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.221798,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.144337,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.147493,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.454695,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3755945,
      "relative_activity": 0.240769,
      "balance": 0.454695,
      "dry_up": 0.20979,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.075858,
      "annualized_volatility": 0.702238,
      "from_high_reference": -0.517529,
      "from_low_reference": 0.587912
    },
    "levels": {
      "trend_reference": 3.127667,
      "fair_value_reference": 10.280513,
      "structural_low": 1.82,
      "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": 33,
        "median_return": -0.07277,
        "positive_rate": 0.363636,
        "directional_follow_through": 0.636364,
        "median_excess_return": -0.071946,
        "regime_survival": 0.818182,
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        "worst_return": -0.232416,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
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        "worst_return": -0.427739,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.696914,
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    ],
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      {
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      },
      {
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      {
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      },
      {
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      {
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      {
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      {
        "regime": "deceleration",
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      },
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      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 19104092.25,
        "trend": 3.202,
        "fair_value": 10.480577,
        "relative_strength": -23.384189,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -62.182035,
        "energy": 65.849217,
        "activity_lines": [
          2.933333,
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      },
      {
        "date": "2026-07-31",
        "close": 2.85,
        "volume": 3286778,
        "typical_volume": 17283135.35,
        "trend": 3.162667,
        "fair_value": 10.386987,
        "relative_strength": -23.56802,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.759191,
        "energy": 67.306955,
        "activity_lines": [
          2.887333,
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      },
      {
        "date": "2026-08-07",
        "close": 2.89,
        "volume": 3755945,
        "typical_volume": 15599779.75,
        "trend": 3.127667,
        "fair_value": 10.280513,
        "relative_strength": -22.179772,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.500559,
        "energy": 64.313301,
        "activity_lines": [
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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."
    }
  }
}