{
  "ticker": {
    "uuid": "52f9d19f-9de3-4f3f-8b37-988e0b2756d6",
    "symbol": "HARIOMPIPE",
    "name": "Hariom Pipe Industries 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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 41.861,
    "architecture_energy": 26.668,
    "architecture_maturity": 26.75,
    "architecture_confidence": 55.529,
    "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": 47.88,
        "rotation_up": 35.8,
        "upward_expansion": 62.19,
        "deceleration": 61.8,
        "rotation_down": 23.82,
        "downward_expansion": 14.53
      },
      "activity_lines": [
        394.83666,
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        370.985378
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 398.899994,
    "trend_reference": 367.070001,
    "distance_from_trend": 0.086714,
    "trend_direction": "Improving",
    "fair_value": 498.225994,
    "distance_from_fair_value": -0.199359,
    "fair_value_direction": "Improving",
    "relative_strength": 1.950433,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.03659,
    "excess_performance": 0.007119,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.086714,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.029856,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.199359,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.141701,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.019504,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.140717,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.03659,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.168783,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 678048,
      "relative_activity": 0.497464,
      "balance": 4.168783,
      "dry_up": 1.53053,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.089486,
      "annualized_volatility": 0.478281,
      "from_high_reference": -0.302082,
      "from_low_reference": 0.488155
    },
    "levels": {
      "trend_reference": 367.070001,
      "fair_value_reference": 498.225994,
      "structural_low": 268.049988,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 1,
        "median_return": -0.070194,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.037505,
        "regime_survival": 0.0,
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        "worst_return": -0.070194,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.245162,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.183764,
        "regime_survival": 0.0,
        "best_return": -0.245162,
        "worst_return": -0.245162,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.457877,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.372326,
        "regime_survival": 0.0,
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        "worst_return": -0.457877,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
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        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
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        "worst_return": -0.307514,
        "sufficient": false
      }
    ],
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        "end": "2024-10-04",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2024-11-01",
        "tenure": "New",
        "return": -0.145096,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-12-13",
        "tenure": "Developing",
        "return": -0.10857,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-20",
        "end": "2025-05-23",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.166774,
        "active": false
      },
      {
        "regime": "rotation_up",
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        "color": "teal",
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        "end": "2025-08-08",
        "tenure": "New",
        "return": -0.055841,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
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      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      {
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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      },
      {
        "date": "2026-07-17",
        "close": 403.549988,
        "volume": 6785232,
        "typical_volume": 1370061.05,
        "trend": 365.838335,
        "fair_value": 501.777381,
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        "stage": 1,
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        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 22.09266,
        "energy": 23.066899,
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      },
      {
        "date": "2026-07-24",
        "close": 391.799988,
        "volume": 544695,
        "typical_volume": 1381729.1,
        "trend": 367.301668,
        "fair_value": 500.514332,
        "relative_strength": 3.083553,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 41.838474,
        "energy": 26.803988,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 390.5,
        "volume": 336535,
        "typical_volume": 1361843.75,
        "trend": 367.135002,
        "fair_value": 499.338601,
        "relative_strength": 0.348225,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.836262,
        "energy": 23.705342,
        "activity_lines": [
          393.153327,
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          379.273811,
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      },
      {
        "date": "2026-08-07",
        "close": 398.899994,
        "volume": 678048,
        "typical_volume": 1363009.75,
        "trend": 367.070001,
        "fair_value": 498.225994,
        "relative_strength": 1.950433,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.860901,
        "energy": 26.668104,
        "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."
    }
  }
}