{
  "ticker": {
    "uuid": "73f30140-c04f-4784-8827-8d95326ddbcb",
    "symbol": "VHL",
    "name": "Vardhman 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 57.507,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 40.181,
    "architecture_energy": 18.641,
    "architecture_maturity": 41.613,
    "architecture_confidence": 82.669,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 44.78,
        "rotation_up": 30.1,
        "upward_expansion": 56.15,
        "deceleration": 86.45,
        "rotation_down": 27.89,
        "downward_expansion": 19.82
      },
      "activity_lines": [
        3500.02666,
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 3568.699951,
    "trend_reference": 3383.049984,
    "distance_from_trend": 0.054877,
    "trend_direction": "Weakening",
    "fair_value": 3575.984793,
    "distance_from_fair_value": -0.002037,
    "fair_value_direction": "Weakening",
    "relative_strength": 1.02516,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.070075,
    "excess_performance": 0.113784,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.054877,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.013877,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.002037,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.028071,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.010252,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.002917,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.070075,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.740377,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 12015,
      "relative_activity": 3.727488,
      "balance": 0.740377,
      "dry_up": 1.520468,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.046807,
      "annualized_volatility": 0.223545,
      "from_high_reference": -0.165216,
      "from_low_reference": 0.243449
    },
    "levels": {
      "trend_reference": 3383.049984,
      "fair_value_reference": 3575.984793,
      "structural_low": 2870.0,
      "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": 20,
        "median_return": -0.001883,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.037717,
        "regime_survival": 0.6,
        "best_return": 0.22258,
        "worst_return": -0.131116,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.012536,
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        "directional_follow_through": 0.5,
        "median_excess_return": -0.047465,
        "regime_survival": 0.3,
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        "worst_return": -0.200616,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.071303,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
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        "worst_return": -0.35217,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.666667,
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        "worst_return": -0.036885,
        "sufficient": false
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        "color": "amber",
        "start": "2024-08-23",
        "end": "2024-09-27",
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        "regime": "balance",
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        "tenure": "New",
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      {
        "regime": "rotation_down",
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        "regime": "downward_expansion",
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      {
        "date": "2026-03-27",
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      },
      {
        "date": "2026-04-03",
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        "date": "2026-04-10",
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      {
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      {
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      },
      {
        "date": "2026-05-08",
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      },
      {
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      },
      {
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      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-07-03",
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      {
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      },
      {
        "date": "2026-07-17",
        "close": 3508.199951,
        "volume": 1650,
        "typical_volume": 2854.3,
        "trend": 3391.183317,
        "fair_value": 3561.927814,
        "relative_strength": -0.399895,
        "stage": 1,
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        "energy": 44.181125,
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      },
      {
        "date": "2026-07-24",
        "close": 3503.300049,
        "volume": 2670,
        "typical_volume": 2746.6,
        "trend": 3388.156649,
        "fair_value": 3566.833541,
        "relative_strength": 2.07082,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 49.817471,
        "energy": 28.222938,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 3398.0,
        "volume": 3269,
        "typical_volume": 2761.75,
        "trend": 3381.36665,
        "fair_value": 3570.753042,
        "relative_strength": -3.229359,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 27.247599,
        "energy": 14.827627,
        "activity_lines": [
          3479.180013,
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          3478.685703,
          3428.861061
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      },
      {
        "date": "2026-08-07",
        "close": 3568.699951,
        "volume": 12015,
        "typical_volume": 3223.35,
        "trend": 3383.049984,
        "fair_value": 3575.984793,
        "relative_strength": 1.02516,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 40.180603,
        "energy": 18.640797,
        "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."
    }
  }
}