{
  "ticker": {
    "uuid": "5269fe29-ca63-4199-81ea-483e18ff59ac",
    "symbol": "RATNAMANI",
    "name": "Ratnamani Metals & Tubes 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": 85.895,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Momentum cooling",
    "architecture_gate": "mixed",
    "architecture_direction": -35.805,
    "architecture_energy": 46.397,
    "architecture_maturity": 50.833,
    "architecture_confidence": 81.14,
    "architecture_tenure": "Developing",
    "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": 44.8,
        "rotation_up": 17.09,
        "upward_expansion": 24.01,
        "deceleration": 50.53,
        "rotation_down": 64.96,
        "downward_expansion": 46.68
      },
      "activity_lines": [
        2364.43335,
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        2533.735715,
        2504.962581
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 2197.600098,
    "trend_reference": 2436.113334,
    "distance_from_trend": -0.097907,
    "trend_direction": "Improving",
    "fair_value": 2854.03018,
    "distance_from_fair_value": -0.230001,
    "fair_value_direction": "Weakening",
    "relative_strength": -8.42248,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.096826,
    "excess_performance": 0.140535,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.097907,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.024501,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.230001,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.240037,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.084225,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.286207,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.096826,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.176823,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 435721,
      "relative_activity": 2.387726,
      "balance": 0.176823,
      "dry_up": 1.142282,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.095153,
      "annualized_volatility": 0.39456,
      "from_high_reference": -0.343019,
      "from_low_reference": 0.134831
    },
    "levels": {
      "trend_reference": 2436.113334,
      "fair_value_reference": 2854.03018,
      "structural_low": 1936.5,
      "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": 11,
        "median_return": 0.019646,
        "positive_rate": 0.636364,
        "directional_follow_through": 0.636364,
        "median_excess_return": 0.007244,
        "regime_survival": 0.545455,
        "best_return": 0.091751,
        "worst_return": -0.184201,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.105124,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.022383,
        "regime_survival": 0.0,
        "best_return": 0.253753,
        "worst_return": -0.10566,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.138039,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.001669,
        "regime_survival": 0.0,
        "best_return": 0.21989,
        "worst_return": -0.289043,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.222557,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.089489,
        "regime_survival": 0.0,
        "best_return": 0.499943,
        "worst_return": -0.05483,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-23",
        "end": "2024-08-30",
        "tenure": "New",
        "return": 0.048603,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-06",
        "end": "2024-10-18",
        "tenure": "Developing",
        "return": -0.042285,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-12-06",
        "tenure": "Developing",
        "return": -0.028709,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-12-20",
        "tenure": "New",
        "return": -0.023671,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-27",
        "end": "2025-05-16",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-06-13",
        "tenure": "New",
        "return": 0.003962,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-07-04",
        "tenure": "New",
        "return": 0.010621,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-07-25",
        "tenure": "New",
        "return": -0.066655,
        "active": false
      },
      {
        "regime": "balance",
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      {
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        "active": false
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      {
        "regime": "downward_expansion",
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      },
      {
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 170763.15,
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        "fair_value": 2858.948428,
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      },
      {
        "date": "2026-07-24",
        "close": 2394.5,
        "volume": 147642,
        "typical_volume": 172746.9,
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        "fair_value": 2857.831725,
        "relative_strength": 2.885914,
        "stage": 1,
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      },
      {
        "date": "2026-07-31",
        "close": 2358.899902,
        "volume": 155580,
        "typical_volume": 168912.8,
        "trend": 2437.626664,
        "fair_value": 2856.570285,
        "relative_strength": -1.055356,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -3.173199,
        "energy": 13.469321,
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      },
      {
        "date": "2026-08-07",
        "close": 2197.600098,
        "volume": 435721,
        "typical_volume": 182483.65,
        "trend": 2436.113334,
        "fair_value": 2854.03018,
        "relative_strength": -8.42248,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -35.805349,
        "energy": 46.396587,
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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."
    }
  }
}