{
  "ticker": {
    "uuid": "722d8213-75f6-4f77-9b44-e189903894e8",
    "symbol": "JSWHL",
    "name": "JSW Holdings 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": -62.331,
    "architecture_energy": 57.328,
    "architecture_maturity": 65.02,
    "architecture_confidence": 92.229,
    "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": 16.4,
        "rotation_up": 21.99,
        "upward_expansion": 9.28,
        "deceleration": 55.2,
        "rotation_down": 57.01,
        "downward_expansion": 80.28
      },
      "activity_lines": [
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        12651.137634
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 12025.0,
    "trend_reference": 13792.733333,
    "distance_from_trend": -0.128164,
    "trend_direction": "Weakening",
    "fair_value": 12928.581424,
    "distance_from_fair_value": -0.06989,
    "fair_value_direction": "Weakening",
    "relative_strength": -22.542489,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.319968,
    "excess_performance": -0.276259,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.128164,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.151792,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.06989,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.125811,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.225425,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.03447,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.319968,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.930834,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 28491,
      "relative_activity": 1.469862,
      "balance": 0.930834,
      "dry_up": 0.868808,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.061289,
      "annualized_volatility": 0.465722,
      "from_high_reference": -0.472356,
      "from_low_reference": 0.141975
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    "levels": {
      "trend_reference": 13792.733333,
      "fair_value_reference": 12928.581424,
      "structural_low": 10530.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 19,
        "median_return": -0.006181,
        "positive_rate": 0.473684,
        "directional_follow_through": 0.526316,
        "median_excess_return": -0.003333,
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        "best_return": 0.190001,
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        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.211173,
        "sufficient": true
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        "horizon": "Extended",
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        "worst_return": -0.223662,
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        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": -0.031111,
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        "regime": "balance",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
        "close": 11257.0,
        "volume": 10043,
        "typical_volume": 21804.8,
        "trend": 14015.4,
        "fair_value": 12880.728541,
        "relative_strength": -27.526476,
        "stage": 4,
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        "energy": 83.422229,
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      },
      {
        "date": "2026-08-07",
        "close": 12025.0,
        "volume": 28491,
        "typical_volume": 19383.45,
        "trend": 13792.733333,
        "fair_value": 12928.581424,
        "relative_strength": -22.542489,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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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."
    }
  }
}