{
  "ticker": {
    "uuid": "59205d9f-a082-4d1b-a790-033dfdc81b36",
    "symbol": "BALAJITELE",
    "name": "Balaji Telefilms 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": -56.172,
    "architecture_energy": 57.277,
    "architecture_maturity": 8.007,
    "architecture_confidence": 96,
    "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": 29.76,
        "rotation_up": 13.12,
        "upward_expansion": 12.74,
        "deceleration": 38.11,
        "rotation_down": 59.27,
        "downward_expansion": 83.74
      },
      "activity_lines": [
        85.608667,
        87.237091,
        90.418047,
        91.480623
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 85.720001,
    "trend_reference": 92.678666,
    "distance_from_trend": -0.075084,
    "trend_direction": "Weakening",
    "fair_value": 84.024167,
    "distance_from_fair_value": 0.020183,
    "fair_value_direction": "Weakening",
    "relative_strength": -14.456157,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.050825,
    "excess_performance": -0.007116,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.075084,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.082135,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.020183,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.514841,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.144562,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.406689,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.050825,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.147368,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 474419,
      "relative_activity": 0.259737,
      "balance": 0.147368,
      "dry_up": 0.270132,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.083474,
      "annualized_volatility": 0.608064,
      "from_high_reference": -0.393433,
      "from_low_reference": 0.233027
    },
    "levels": {
      "trend_reference": 92.678666,
      "fair_value_reference": 84.024167,
      "structural_low": 69.519997,
      "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": 25,
        "median_return": 0.005135,
        "positive_rate": 0.56,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.00419,
        "regime_survival": 0.76,
        "best_return": 0.435433,
        "worst_return": -0.291244,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.10516,
        "positive_rate": 0.7,
        "directional_follow_through": 0.3,
        "median_excess_return": 0.055304,
        "regime_survival": 0.5,
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        "worst_return": -0.248699,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.081173,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.064971,
        "regime_survival": 0.4,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.247022,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "regime_survival": 0.333333,
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        "worst_return": -0.207814,
        "sufficient": false
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        "end": "2024-12-27",
        "tenure": "New",
        "return": -0.008521,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Developing",
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      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "active": false
      },
      {
        "regime": "rotation_down",
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        "return": -0.04325,
        "active": false
      },
      {
        "regime": "downward_expansion",
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      {
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        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "active": false
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        "active": false
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      {
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        "regime": "balance",
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      },
      {
        "date": "2026-04-24",
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      },
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        "date": "2026-05-08",
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        "date": "2026-05-29",
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        "date": "2026-06-05",
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        "date": "2026-06-12",
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        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 82.740833,
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 83.057115,
        "relative_strength": -7.126251,
        "stage": 4,
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        "modifier": "Balance after decline",
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        "energy": 23.670169,
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      },
      {
        "date": "2026-07-17",
        "close": 88.339996,
        "volume": 745964,
        "typical_volume": 2212364.85,
        "trend": 94.949333,
        "fair_value": 83.340705,
        "relative_strength": -11.448901,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -42.631824,
        "energy": 22.736922,
        "activity_lines": [
          90.116666,
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          93.340946
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      },
      {
        "date": "2026-07-24",
        "close": 84.040001,
        "volume": 341794,
        "typical_volume": 1897909.0,
        "trend": 94.022666,
        "fair_value": 83.591603,
        "relative_strength": -13.657931,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -60.191066,
        "energy": 32.418656,
        "activity_lines": [
          88.122,
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          91.773285,
          92.637118
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      },
      {
        "date": "2026-07-31",
        "close": 83.610001,
        "volume": 411446,
        "typical_volume": 1863249.65,
        "trend": 93.233,
        "fair_value": 83.816667,
        "relative_strength": -16.113391,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -60.820389,
        "energy": 44.793224,
        "activity_lines": [
          86.358667,
          87.720909,
          90.969619,
          91.965333
        ]
      },
      {
        "date": "2026-08-07",
        "close": 85.720001,
        "volume": 474419,
        "typical_volume": 1826538.25,
        "trend": 92.678666,
        "fair_value": 84.024167,
        "relative_strength": -14.456157,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.171684,
        "energy": 57.277095,
        "activity_lines": [
          85.608667,
          87.237091,
          90.418047,
          91.480623
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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."
    }
  }
}