{
  "ticker": {
    "uuid": "62fc4c38-27a6-405c-acd7-2c01a30b067c",
    "symbol": "TVTODAY",
    "name": "T.V. Today Network 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "mixed",
    "architecture_direction": -2.93,
    "architecture_energy": 8.04,
    "architecture_maturity": 18.368,
    "architecture_confidence": 40.69,
    "architecture_tenure": "New",
    "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": 63.95,
        "rotation_up": 22.7,
        "upward_expansion": 22.65,
        "deceleration": 65.45,
        "rotation_down": 42.3,
        "downward_expansion": 31.65
      },
      "activity_lines": [
        116.421334,
        118.169636,
        116.726666,
        115.73843
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 114.68,
    "trend_reference": 116.522334,
    "distance_from_trend": -0.015811,
    "trend_direction": "Weakening",
    "fair_value": 177.107227,
    "distance_from_fair_value": -0.352483,
    "fair_value_direction": "Weakening",
    "relative_strength": -9.530854,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.066656,
    "excess_performance": -0.022947,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.015811,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.058811,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.352483,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.031713,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.095309,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.015329,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.066656,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.324692,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 159337,
      "relative_activity": 0.662329,
      "balance": 0.324692,
      "dry_up": 0.726474,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.078016,
      "annualized_volatility": 0.401399,
      "from_high_reference": -0.256724,
      "from_low_reference": 0.226524
    },
    "levels": {
      "trend_reference": 116.522334,
      "fair_value_reference": 177.107227,
      "structural_low": 93.5,
      "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": 17,
        "median_return": 0.007246,
        "positive_rate": 0.647059,
        "directional_follow_through": 0.647059,
        "median_excess_return": -0.018664,
        "regime_survival": 0.529412,
        "best_return": 0.28319,
        "worst_return": -0.133204,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.09608,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": 0.079439,
        "regime_survival": 0.0,
        "best_return": 0.458283,
        "worst_return": -0.142018,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.021502,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.089095,
        "regime_survival": 0.333333,
        "best_return": 0.411427,
        "worst_return": -0.179572,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.043226,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.190566,
        "regime_survival": 0.25,
        "best_return": 0.016213,
        "worst_return": -0.315431,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-11-24",
        "end": "2024-01-05",
        "tenure": "Developing",
        "return": 0.180268,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-01-12",
        "end": "2024-03-15",
        "tenure": "Developing",
        "return": -0.145739,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-05-17",
        "tenure": "Developing",
        "return": 0.046978,
        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "Developing",
        "return": 0.098489,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-08-09",
        "tenure": "New",
        "return": 0.143283,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
        "return": -0.090393,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-10-18",
        "tenure": "New",
        "return": -0.056405,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-10-25",
        "end": "2024-11-15",
        "tenure": "New",
        "return": -0.084205,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2025-05-23",
        "tenure": "Extended",
        "return": -0.0879,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-08-08",
        "tenure": "Developing",
        "return": -0.172771,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-15",
        "end": "2026-05-29",
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        "return": -0.204381,
        "active": false
      },
      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "rotation_up",
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      {
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        "active": true
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          117.256525,
          123.420152
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      },
      {
        "date": "2026-04-17",
        "close": 114.919998,
        "volume": 222530,
        "typical_volume": 457913.75,
        "trend": 130.130001,
        "fair_value": 184.235811,
        "relative_strength": -17.194367,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.934968,
        "energy": 55.114447,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-04-24",
        "close": 112.269997,
        "volume": 220931,
        "typical_volume": 458591.9,
        "trend": 129.073668,
        "fair_value": 183.796975,
        "relative_strength": -16.949804,
        "stage": 4,
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        "modifier": "Established contraction",
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        "energy": 39.447206,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
        "close": 113.57,
        "volume": 159487,
        "typical_volume": 458273.05,
        "trend": 127.880668,
        "fair_value": 183.306999,
        "relative_strength": -15.778221,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "energy": 27.266136,
        "activity_lines": [
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          120.210022
        ]
      },
      {
        "date": "2026-05-08",
        "close": 124.199997,
        "volume": 383738,
        "typical_volume": 472123.55,
        "trend": 127.124334,
        "fair_value": 182.853926,
        "relative_strength": -7.997955,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -17.28852,
        "energy": 23.187872,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 115.160004,
        "volume": 361545,
        "typical_volume": 451649.45,
        "trend": 126.108001,
        "fair_value": 182.487081,
        "relative_strength": -12.152461,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -26.344993,
        "energy": 22.315477,
        "activity_lines": [
          116.851333,
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          114.487381,
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      },
      {
        "date": "2026-05-22",
        "close": 110.129997,
        "volume": 255499,
        "typical_volume": 452545.2,
        "trend": 124.819335,
        "fair_value": 182.05345,
        "relative_strength": -15.637259,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.013844,
        "energy": 21.320621,
        "activity_lines": [
          114.886666,
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 115.489998,
        "volume": 202374,
        "typical_volume": 354300.05,
        "trend": 123.803335,
        "fair_value": 181.628647,
        "relative_strength": -10.287583,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -18.539214,
        "energy": 13.324024,
        "activity_lines": [
          115.027999,
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 114.660004,
        "volume": 111288,
        "typical_volume": 342490.05,
        "trend": 122.731335,
        "fair_value": 181.215344,
        "relative_strength": -9.692455,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.803074,
        "energy": 14.390635,
        "activity_lines": [
          114.678001,
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          116.978043
        ]
      },
      {
        "date": "2026-06-12",
        "close": 106.489998,
        "volume": 74289,
        "typical_volume": 329531.1,
        "trend": 121.607001,
        "fair_value": 180.699507,
        "relative_strength": -16.396003,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.413137,
        "energy": 29.418991,
        "activity_lines": [
          111.532,
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      },
      {
        "date": "2026-06-19",
        "close": 107.370003,
        "volume": 42493,
        "typical_volume": 321075.25,
        "trend": 120.511334,
        "fair_value": 180.222353,
        "relative_strength": -16.473404,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -46.997285,
        "energy": 31.66154,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 124.889999,
        "volume": 0,
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        "trend": 120.060667,
        "fair_value": 179.853,
        "relative_strength": -2.528765,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -0.89376,
        "energy": 4.921065,
        "activity_lines": [
          114.547334,
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          112.987286,
          115.294194
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      },
      {
        "date": "2026-07-03",
        "close": 129.619995,
        "volume": 75406,
        "typical_volume": 281963.95,
        "trend": 119.812334,
        "fair_value": 179.486033,
        "relative_strength": 0.712288,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 29.450466,
        "energy": 28.110611,
        "activity_lines": [
          119.827332,
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          114.520285,
          115.910925
        ]
      },
      {
        "date": "2026-07-10",
        "close": 123.790001,
        "volume": 134767,
        "typical_volume": 280380.55,
        "trend": 119.435334,
        "fair_value": 179.09401,
        "relative_strength": -3.026789,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 19.786789,
        "energy": 36.588574,
        "activity_lines": [
          122.221999,
          118.441818,
          115.487428,
          116.167548
        ]
      },
      {
        "date": "2026-07-17",
        "close": 122.510002,
        "volume": 207816,
        "typical_volume": 279560.35,
        "trend": 119.043667,
        "fair_value": 178.622896,
        "relative_strength": -3.948355,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 18.471189,
        "energy": 38.950185,
        "activity_lines": [
          123.581333,
          119.410909,
          116.341238,
          116.365914
        ]
      },
      {
        "date": "2026-07-24",
        "close": 116.449997,
        "volume": 132191,
        "typical_volume": 270779.1,
        "trend": 118.199334,
        "fair_value": 178.134862,
        "relative_strength": -5.893448,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 24.846045,
        "energy": 39.219367,
        "activity_lines": [
          121.852666,
          119.308908,
          116.63,
          116.19858
        ]
      },
      {
        "date": "2026-07-31",
        "close": 113.690002,
        "volume": 199730,
        "typical_volume": 258538.35,
        "trend": 117.303,
        "fair_value": 177.642051,
        "relative_strength": -9.979801,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 2.390439,
        "energy": 5.418498,
        "activity_lines": [
          118.598667,
          118.681636,
          116.646143,
          115.907656
        ]
      },
      {
        "date": "2026-08-07",
        "close": 114.68,
        "volume": 159337,
        "typical_volume": 240570.9,
        "trend": 116.522334,
        "fair_value": 177.107227,
        "relative_strength": -9.530854,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -2.929957,
        "energy": 8.04019,
        "activity_lines": [
          116.421334,
          118.169636,
          116.726666,
          115.73843
        ]
      }
    ],
    "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."
    }
  }
}