{
  "ticker": {
    "uuid": "5b85b1cf-1314-4c1e-8f51-15e34826f9b8",
    "symbol": "TRENT",
    "name": "Trent 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": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 35.938,
    "architecture_energy": 23.4,
    "architecture_maturity": 59.647,
    "architecture_confidence": 70.454,
    "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": 47.94,
        "rotation_up": 26.6,
        "upward_expansion": 58.3,
        "deceleration": 87.92,
        "rotation_down": 29.84,
        "downward_expansion": 19.63
      },
      "activity_lines": [
        2950.13999,
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 2997.0,
    "trend_reference": 2747.015983,
    "distance_from_trend": 0.091002,
    "trend_direction": "Weakening",
    "fair_value": 4403.931863,
    "distance_from_fair_value": -0.319472,
    "fair_value_direction": "Improving",
    "relative_strength": -13.563931,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.0944,
    "excess_performance": 0.138109,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.091002,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.106675,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.319472,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.023461,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.135639,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.158559,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.0944,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.430946,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 10067244,
      "relative_activity": 1.633334,
      "balance": 0.430946,
      "dry_up": 0.906344,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.060289,
      "annualized_volatility": 0.403213,
      "from_high_reference": -0.471021,
      "from_low_reference": 0.37449
    },
    "levels": {
      "trend_reference": 2747.015983,
      "fair_value_reference": 4403.931863,
      "structural_low": 2180.444773,
      "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": 8,
        "median_return": 0.034764,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.007341,
        "regime_survival": 0.625,
        "best_return": 0.092713,
        "worst_return": -0.17158,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.080247,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.021658,
        "regime_survival": 0.0,
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        "worst_return": -0.208208,
        "sufficient": false
      },
      {
        "horizon": "Extended",
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        "worst_return": -0.13616,
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      },
      {
        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "relative_strength": -13.881516,
        "stage": 1,
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        "modifier": "Recompressing",
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      },
      {
        "date": "2026-08-07",
        "close": 2997.0,
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        "trend": 2747.015983,
        "fair_value": 4403.931863,
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        "stage": 1,
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        "modifier": "Recompressing",
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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."
    }
  }
}