{
  "ticker": {
    "uuid": "681b732b-af41-4491-9968-6a1666634498",
    "symbol": "V2RETAIL",
    "name": "V2 Retail 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 71.955,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 18.853,
    "architecture_energy": 12.618,
    "architecture_maturity": 39.76,
    "architecture_confidence": 83.049,
    "architecture_tenure": "Developing",
    "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": 63.94,
        "rotation_up": 23.83,
        "upward_expansion": 46.92,
        "deceleration": 82.57,
        "rotation_down": 26.07,
        "downward_expansion": 22.59
      },
      "activity_lines": [
        219.658667,
        222.440908,
        222.592333,
        217.265269
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 219.440002,
    "trend_reference": 210.546333,
    "distance_from_trend": 0.042241,
    "trend_direction": "Weakening",
    "fair_value": 136.67907,
    "distance_from_fair_value": 0.605513,
    "fair_value_direction": "Weakening",
    "relative_strength": 4.410806,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.103268,
    "excess_performance": 0.146977,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.042241,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.008209,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.605513,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.244081,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.044108,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.086639,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.103268,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.733115,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4090688,
      "relative_activity": 0.90706,
      "balance": 1.733115,
      "dry_up": 0.756354,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.083475,
      "annualized_volatility": 0.309125,
      "from_high_reference": -0.144317,
      "from_low_reference": 0.383956
    },
    "levels": {
      "trend_reference": 210.546333,
      "fair_value_reference": 136.67907,
      "structural_low": 172.029999,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 16,
        "median_return": -0.004998,
        "positive_rate": 0.4375,
        "directional_follow_through": 0.4375,
        "median_excess_return": -0.00362,
        "regime_survival": 0.6875,
        "best_return": 0.268232,
        "worst_return": -0.156763,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.180379,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": 0.061688,
        "regime_survival": 0.428571,
        "best_return": 0.418776,
        "worst_return": -0.208927,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.176494,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.196316,
        "regime_survival": 0.25,
        "best_return": 0.60158,
        "worst_return": -0.287443,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.296575,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.21793,
        "regime_survival": 0.0,
        "best_return": 1.061556,
        "worst_return": -0.468405,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-15",
        "end": "2024-12-06",
        "tenure": "New",
        "return": 0.203898,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-13",
        "end": "2025-02-21",
        "tenure": "Developing",
        "return": 0.085436,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-02-28",
        "end": "2025-08-29",
        "tenure": "Extended",
        "return": 0.095726,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-09-05",
        "end": "2025-09-19",
        "tenure": "New",
        "return": 0.135411,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-26",
        "end": "2025-09-26",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-03",
        "end": "2025-12-12",
        "tenure": "Developing",
        "return": 0.002879,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-19",
        "end": "2026-01-30",
        "tenure": "Developing",
        "return": -0.102011,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-02-06",
        "end": "2026-02-20",
        "tenure": "New",
        "return": -0.001156,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-27",
        "end": "2026-03-20",
        "tenure": "New",
        "return": -0.041119,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-27",
        "end": "2026-05-01",
        "tenure": "Developing",
        "return": 0.006842,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-08",
        "end": "2026-05-15",
        "tenure": "New",
        "return": 0.039155,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-05-22",
        "end": "2026-06-19",
        "tenure": "Developing",
        "return": 0.015086,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-06-26",
        "end": "2026-07-03",
        "tenure": "New",
        "return": 0.041314,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-10",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.003587,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 2815841.0,
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 131.379743,
        "relative_strength": 7.977007,
        "stage": 2,
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      },
      {
        "date": "2026-07-17",
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        "volume": 4454238,
        "typical_volume": 4599416.5,
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        "fair_value": 132.714967,
        "relative_strength": 7.472112,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.772336,
        "energy": 18.970483,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 219.289993,
        "volume": 2947533,
        "typical_volume": 4605370.15,
        "trend": 211.383666,
        "fair_value": 134.032467,
        "relative_strength": 8.759402,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.79802,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 219.330002,
        "volume": 2151659,
        "typical_volume": 4495732.1,
        "trend": 210.566333,
        "fair_value": 135.355095,
        "relative_strength": 5.597309,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.889715,
        "energy": 17.425687,
        "activity_lines": [
          220.535332,
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      },
      {
        "date": "2026-08-07",
        "close": 219.440002,
        "volume": 4090688,
        "typical_volume": 4509830.0,
        "trend": 210.546333,
        "fair_value": 136.67907,
        "relative_strength": 4.410806,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.85297,
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        "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."
    }
  }
}