{
  "ticker": {
    "uuid": "66af3a35-ed3a-43ae-a608-8ce742b05af1",
    "symbol": "SALASAR",
    "name": "Salasar Techno Engineering 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": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -72.639,
    "architecture_energy": 84.63,
    "architecture_maturity": 57.475,
    "architecture_confidence": 90.318,
    "architecture_tenure": "Established",
    "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": 1.38,
        "rotation_up": 13.17,
        "upward_expansion": 20.41,
        "deceleration": 37.99,
        "rotation_down": 78.17,
        "downward_expansion": 98.41
      },
      "activity_lines": [
        5.938,
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        6.494429,
        6.714108
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 5.88,
    "trend_reference": 7.071,
    "distance_from_trend": -0.168434,
    "trend_direction": "Weakening",
    "fair_value": 12.393062,
    "distance_from_fair_value": -0.525541,
    "fair_value_direction": "Weakening",
    "relative_strength": -24.738538,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.288996,
    "excess_performance": -0.245287,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.168434,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.12549,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.525541,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.132021,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.247385,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.20824,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.288996,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.559887,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 13097932,
      "relative_activity": 0.880927,
      "balance": 0.559887,
      "dry_up": 0.839803,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.058346,
      "annualized_volatility": 0.401045,
      "from_high_reference": -0.464968,
      "from_low_reference": 0.051878
    },
    "levels": {
      "trend_reference": 7.071,
      "fair_value_reference": 12.393062,
      "structural_low": 5.59,
      "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": -0.037643,
        "positive_rate": 0.44,
        "directional_follow_through": 0.56,
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        "regime_survival": 0.88,
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        "worst_return": -0.214355,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
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        "positive_rate": 0.25,
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        "regime_survival": 0.625,
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        "worst_return": -0.338063,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.145148,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.09213,
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        "worst_return": -0.418865,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
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        "sufficient": false
      }
    ],
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        "regime": "rotation_down",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "Established",
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      {
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      },
      {
        "regime": "downward_expansion",
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        "tenure": "Developing",
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      {
        "regime": "rotation_up",
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      },
      {
        "regime": "balance",
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      {
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
        "close": 5.88,
        "volume": 10221689,
        "typical_volume": 15606200.5,
        "trend": 7.169,
        "fair_value": 12.420245,
        "relative_strength": -24.377009,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.687845,
        "energy": 88.127566,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 5.88,
        "volume": 13097932,
        "typical_volume": 14868355.45,
        "trend": 7.071,
        "fair_value": 12.393062,
        "relative_strength": -24.738538,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.639001,
        "energy": 84.629972,
        "activity_lines": [
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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."
    }
  }
}