{
  "ticker": {
    "uuid": "4f0a54a6-efbd-4e6a-84e2-9fb5a0c85a2a",
    "symbol": "ATUL",
    "name": "Atul Ltd",
    "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": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 18.542,
    "architecture_energy": 10.811,
    "architecture_maturity": 16.595,
    "architecture_confidence": 61.104,
    "architecture_tenure": "New",
    "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": 51.34,
        "rotation_up": 37.93,
        "upward_expansion": 33.2,
        "deceleration": 50.16,
        "rotation_down": 31.27,
        "downward_expansion": 23.53
      },
      "activity_lines": [
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      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 6774.0,
    "trend_reference": 6524.207129,
    "distance_from_trend": 0.038287,
    "trend_direction": "Improving",
    "fair_value": 6587.016865,
    "distance_from_fair_value": 0.028387,
    "fair_value_direction": "Weakening",
    "relative_strength": 7.51126,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.048769,
    "excess_performance": 0.092478,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.038287,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.029258,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.028387,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.045682,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.075113,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.062546,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.048769,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.540042,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 350368,
      "relative_activity": 1.92864,
      "balance": 2.540042,
      "dry_up": 2.353436,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.046394,
      "annualized_volatility": 0.185711,
      "from_high_reference": -0.056546,
      "from_low_reference": 0.218236
    },
    "levels": {
      "trend_reference": 6524.207129,
      "fair_value_reference": 6587.016865,
      "structural_low": 5962.598597,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 17,
        "median_return": -0.003368,
        "positive_rate": 0.470588,
        "directional_follow_through": 0.470588,
        "median_excess_return": -0.007792,
        "regime_survival": 0.294118,
        "best_return": 0.08283,
        "worst_return": -0.088017,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.063324,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.059236,
        "regime_survival": 0.375,
        "best_return": 0.185893,
        "worst_return": -0.177571,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.098968,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.029723,
        "regime_survival": 0.2,
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        "worst_return": -0.17006,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.0257,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "best_return": 0.103951,
        "worst_return": -0.155352,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
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        "color": "red",
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        "end": "2025-05-09",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "tenure": "Developing",
        "return": -0.055088,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2026-01-02",
        "tenure": "Developing",
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      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_up",
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        "active": false
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        "regime": "upward_expansion",
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      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 122468.6,
        "trend": 6468.023796,
        "fair_value": 6589.927155,
        "relative_strength": -1.327985,
        "stage": 2,
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        "gate": "mixed",
        "direction": -34.656044,
        "energy": 44.280519,
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      },
      {
        "date": "2026-07-24",
        "close": 6407.5,
        "volume": 539085,
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        "trend": 6479.990462,
        "fair_value": 6588.813574,
        "relative_strength": 5.254637,
        "stage": 2,
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        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.118816,
        "energy": 40.699068,
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      },
      {
        "date": "2026-07-31",
        "close": 6736.5,
        "volume": 617561,
        "typical_volume": 168833.3,
        "trend": 6500.890462,
        "fair_value": 6586.907659,
        "relative_strength": 7.765566,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -2.079779,
        "energy": 15.223289,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 6774.0,
        "volume": 350368,
        "typical_volume": 181665.85,
        "trend": 6524.207129,
        "fair_value": 6587.016865,
        "relative_strength": 7.51126,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 18.541541,
        "energy": 10.810865,
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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."
    }
  }
}