{
  "ticker": {
    "uuid": "5608b35c-16e7-4d24-b3c4-a03c3aa4cb62",
    "symbol": "MARUTI",
    "name": "Maruti Suzuki 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": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 30.744,
    "architecture_energy": 20.792,
    "architecture_maturity": 18.228,
    "architecture_confidence": 43.562,
    "architecture_tenure": "Developing",
    "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": 43.71,
        "rotation_up": 45.93,
        "upward_expansion": 41.3,
        "deceleration": 44.53,
        "rotation_down": 26.41,
        "downward_expansion": 15.63
      },
      "activity_lines": [
        13836.761405,
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        13578.614603,
        13563.090675
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 14037.0,
    "trend_reference": 13785.19699,
    "distance_from_trend": 0.018266,
    "trend_direction": "Weakening",
    "fair_value": 12560.346965,
    "distance_from_fair_value": 0.117565,
    "fair_value_direction": "Weakening",
    "relative_strength": -3.220993,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.064013,
    "excess_performance": -0.020304,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.018266,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.05853,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.117565,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.006988,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.03221,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.022,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.064013,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.481968,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2551054,
      "relative_activity": 1.458644,
      "balance": 0.481968,
      "dry_up": 1.211846,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.038029,
      "annualized_volatility": 0.269053,
      "from_high_reference": -0.191883,
      "from_low_reference": 0.150479
    },
    "levels": {
      "trend_reference": 13785.19699,
      "fair_value_reference": 12560.346965,
      "structural_low": 12201.0,
      "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": 18,
        "median_return": 0.026279,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.006082,
        "regime_survival": 0.444444,
        "best_return": 0.072413,
        "worst_return": -0.040898,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.075706,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.055229,
        "regime_survival": 0.375,
        "best_return": 0.223056,
        "worst_return": -0.022552,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.186118,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.119811,
        "regime_survival": 0.166667,
        "best_return": 0.406235,
        "worst_return": 0.016965,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.24885,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.146308,
        "regime_survival": 0.0,
        "best_return": 0.306531,
        "worst_return": 0.072026,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-06-28",
        "end": "2024-09-27",
        "tenure": "Established",
        "return": 0.132063,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-04",
        "end": "2024-10-18",
        "tenure": "New",
        "return": -0.039716,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-25",
        "end": "2024-11-01",
        "tenure": "New",
        "return": -0.034152,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-08",
        "end": "2025-01-17",
        "tenure": "Developing",
        "return": 0.073728,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-24",
        "end": "2025-01-31",
        "tenure": "New",
        "return": 0.028639,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-03-07",
        "tenure": "Developing",
        "return": -0.106161,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.128646,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-23",
        "end": "2025-11-14",
        "tenure": "Established",
        "return": 0.273087,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-12-12",
        "tenure": "New",
        "return": 0.034112,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Developing",
        "return": -0.057573,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-02-13",
        "tenure": "New",
        "return": 0.043702,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-02-20",
        "end": "2026-03-13",
        "tenure": "New",
        "return": -0.159311,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-20",
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        "active": false
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      {
        "regime": "balance",
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        "return": 0.023385,
        "active": true
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    ],
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
        "close": 14098.408734,
        "volume": 2339299,
        "typical_volume": 1838807.05,
        "trend": 13867.330324,
        "fair_value": 12529.148547,
        "relative_strength": -1.877638,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-08-07",
        "close": 14037.0,
        "volume": 2551054,
        "typical_volume": 1748921.5,
        "trend": 13785.19699,
        "fair_value": 12560.346965,
        "relative_strength": -3.220993,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
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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."
    }
  }
}