{
  "ticker": {
    "uuid": "5a46ef4d-7cf1-4462-b52f-085a689247de",
    "symbol": "STARPAPER",
    "name": "Star Paper Mills 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": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Structural repair",
    "architecture_gate": "mixed",
    "architecture_direction": 46.959,
    "architecture_energy": 63.333,
    "architecture_maturity": 8.653,
    "architecture_confidence": 67.055,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 28.52,
        "rotation_up": 72.17,
        "upward_expansion": 63.11,
        "deceleration": 20.96,
        "rotation_down": 16.78,
        "downward_expansion": 21.44
      },
      "activity_lines": [
        148.574665,
        144.474181,
        141.839,
        140.627871
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 152.529999,
    "trend_reference": 140.819,
    "distance_from_trend": 0.083163,
    "trend_direction": "Weakening",
    "fair_value": 188.748176,
    "distance_from_fair_value": -0.191886,
    "fair_value_direction": "Improving",
    "relative_strength": 1.244845,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.034312,
    "excess_performance": 0.078021,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.083163,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.050274,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.191886,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.052373,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.012448,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.078943,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.034312,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.338641,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 60343,
      "relative_activity": 1.038286,
      "balance": 3.338641,
      "dry_up": 2.100046,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.049196,
      "annualized_volatility": 0.238277,
      "from_high_reference": -0.175985,
      "from_low_reference": 0.281226
    },
    "levels": {
      "trend_reference": 140.819,
      "fair_value_reference": 188.748176,
      "structural_low": 119.050003,
      "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": 3,
        "median_return": 0.004267,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.012202,
        "regime_survival": 0.0,
        "best_return": 0.006969,
        "worst_return": -0.025703,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.048788,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.03133,
        "regime_survival": 0.0,
        "best_return": 0.288478,
        "worst_return": -0.077236,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.123485,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.156088,
        "regime_survival": 0.0,
        "best_return": 0.319084,
        "worst_return": -0.081072,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.135985,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.118402,
        "regime_survival": 0.0,
        "best_return": 0.296682,
        "worst_return": -0.204137,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-15",
        "end": "2024-03-01",
        "tenure": "Developing",
        "return": 0.043544,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-03-08",
        "end": "2024-05-17",
        "tenure": "Developing",
        "return": -0.015407,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-05-24",
        "end": "2024-07-05",
        "tenure": "Developing",
        "return": 0.120923,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-12",
        "end": "2024-08-02",
        "tenure": "New",
        "return": -0.082032,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-09",
        "end": "2024-10-11",
        "tenure": "Developing",
        "return": -0.0441,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-10-18",
        "end": "2024-12-27",
        "tenure": "Developing",
        "return": 0.018553,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-03",
        "end": "2025-01-24",
        "tenure": "New",
        "return": -0.148737,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-31",
        "end": "2025-05-30",
        "tenure": "Established",
        "return": -0.076777,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.016411,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-18",
        "end": "2025-08-01",
        "tenure": "New",
        "return": -0.02329,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-08",
        "end": "2025-11-28",
        "tenure": "Established",
        "return": -0.010205,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-05",
        "end": "2026-05-22",
        "tenure": "Established",
        "return": -0.143923,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-29",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": 0.101579,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 216311.15,
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      },
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      },
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        "gate": "down",
        "direction": -42.061225,
        "energy": 29.671574,
        "activity_lines": [
          137.882002,
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        ]
      },
      {
        "date": "2026-04-24",
        "close": 136.839996,
        "volume": 116258,
        "typical_volume": 59996.45,
        "trend": 152.908667,
        "fair_value": 190.893996,
        "relative_strength": -10.67218,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.84889,
        "energy": 21.102877,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
        "close": 139.899994,
        "volume": 32696,
        "typical_volume": 60492.75,
        "trend": 151.745334,
        "fair_value": 190.758748,
        "relative_strength": -8.839458,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.006735,
        "energy": 22.79741,
        "activity_lines": [
          139.913331,
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          144.978366
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      },
      {
        "date": "2026-05-08",
        "close": 144.070007,
        "volume": 54168,
        "typical_volume": 62588.25,
        "trend": 150.963334,
        "fair_value": 190.634219,
        "relative_strength": -6.649437,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -27.603044,
        "energy": 20.880486,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 139.559998,
        "volume": 37547,
        "typical_volume": 64065.2,
        "trend": 150.076001,
        "fair_value": 190.476851,
        "relative_strength": -7.278608,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -28.251134,
        "energy": 14.501904,
        "activity_lines": [
          141.006,
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      },
      {
        "date": "2026-05-22",
        "close": 140.020004,
        "volume": 53512,
        "typical_volume": 65325.15,
        "trend": 149.219334,
        "fair_value": 190.338445,
        "relative_strength": -6.99009,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -18.139925,
        "energy": 10.740547,
        "activity_lines": [
          140.479334,
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          139.068763,
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 137.429993,
        "volume": 62916,
        "typical_volume": 67462.75,
        "trend": 148.273334,
        "fair_value": 190.154734,
        "relative_strength": -7.744881,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -24.460475,
        "energy": 12.865851,
        "activity_lines": [
          139.596666,
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      },
      {
        "date": "2026-06-05",
        "close": 136.149994,
        "volume": 14833,
        "typical_volume": 67590.5,
        "trend": 147.350667,
        "fair_value": 189.965538,
        "relative_strength": -7.59971,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -39.324403,
        "energy": 21.955848,
        "activity_lines": [
          138.247997,
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      },
      {
        "date": "2026-06-12",
        "close": 135.550003,
        "volume": 3805,
        "typical_volume": 65699.7,
        "trend": 146.227334,
        "fair_value": 189.769776,
        "relative_strength": -8.693462,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.554928,
        "energy": 24.356983,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "trend": 145.244334,
        "fair_value": 189.630642,
        "relative_strength": -8.795221,
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        "regime": "balance",
        "modifier": "Balance after decline",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 0,
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        "trend": 144.411,
        "fair_value": 189.481137,
        "relative_strength": -8.073485,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -36.906073,
        "energy": 22.423175,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 139.440002,
        "volume": 8609,
        "typical_volume": 50542.95,
        "trend": 143.607,
        "fair_value": 189.308498,
        "relative_strength": -7.615649,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 17.046145,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-10",
        "close": 139.080002,
        "volume": 22650,
        "typical_volume": 48033.15,
        "trend": 142.885,
        "fair_value": 189.16467,
        "relative_strength": -7.264297,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.2347,
        "energy": 8.796173,
        "activity_lines": [
          138.496669,
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          138.069477,
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      },
      {
        "date": "2026-07-17",
        "close": 139.039993,
        "volume": 18380,
        "typical_volume": 45913.3,
        "trend": 142.076,
        "fair_value": 188.997021,
        "relative_strength": -7.407537,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -24.491918,
        "energy": 10.874706,
        "activity_lines": [
          138.883999,
          138.216363,
          138.237238,
          138.891742
        ]
      },
      {
        "date": "2026-07-24",
        "close": 147.75,
        "volume": 310779,
        "typical_volume": 58254.25,
        "trend": 141.573667,
        "fair_value": 188.904843,
        "relative_strength": 0.976735,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 29.881085,
        "energy": 25.164287,
        "activity_lines": [
          141.941999,
          139.960182,
          139.239571,
          139.257806
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      },
      {
        "date": "2026-07-31",
        "close": 151.389999,
        "volume": 98699,
        "typical_volume": 59876.25,
        "trend": 141.110333,
        "fair_value": 188.834487,
        "relative_strength": 1.082831,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 45.677718,
        "energy": 52.967223,
        "activity_lines": [
          145.511332,
          142.216909,
          140.527619,
          139.891118
        ]
      },
      {
        "date": "2026-08-07",
        "close": 152.529999,
        "volume": 60343,
        "typical_volume": 58117.9,
        "trend": 140.819,
        "fair_value": 188.748176,
        "relative_strength": 1.244845,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 46.959473,
        "energy": 63.332611,
        "activity_lines": [
          148.574665,
          144.474181,
          141.839,
          140.627871
        ]
      }
    ],
    "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."
    }
  }
}