{
  "ticker": {
    "uuid": "743676d7-855a-43a1-8fc1-5773e184bca9",
    "symbol": "CERA",
    "name": "Cera Sanitaryware 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": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 76.293,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 40.482,
    "architecture_energy": 27.813,
    "architecture_maturity": 62.84,
    "architecture_confidence": 87.436,
    "architecture_tenure": "New",
    "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": 40.5,
        "rotation_up": 28.19,
        "upward_expansion": 61.78,
        "deceleration": 91.1,
        "rotation_down": 27.18,
        "downward_expansion": 16.45
      },
      "activity_lines": [
        6082.966667,
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        5953.543583,
        5718.892796
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 6062.0,
    "trend_reference": 5453.095654,
    "distance_from_trend": 0.111662,
    "trend_direction": "Improving",
    "fair_value": 6825.496698,
    "distance_from_fair_value": -0.11186,
    "fair_value_direction": "Improving",
    "relative_strength": 8.43783,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.173192,
    "excess_performance": 0.216901,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.111662,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.044108,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.11186,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.056736,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.084378,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.04804,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.173192,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.462622,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 81660,
      "relative_activity": 1.237894,
      "balance": 0.462622,
      "dry_up": 0.863324,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.063783,
      "annualized_volatility": 0.304476,
      "from_high_reference": -0.081515,
      "from_low_reference": 0.358858
    },
    "levels": {
      "trend_reference": 5453.095654,
      "fair_value_reference": 6825.496698,
      "structural_low": 4461.100098,
      "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": 14,
        "median_return": 0.012295,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.000833,
        "regime_survival": 0.571429,
        "best_return": 0.25192,
        "worst_return": -0.0934,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.026818,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": 0.057323,
        "regime_survival": 0.285714,
        "best_return": 0.16945,
        "worst_return": -0.122069,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.052809,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.020136,
        "regime_survival": 0.0,
        "best_return": 0.193757,
        "worst_return": -0.322753,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.299851,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.302939,
        "regime_survival": 0.333333,
        "best_return": 0.547706,
        "worst_return": -0.123128,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-19",
        "end": "2024-09-13",
        "tenure": "Developing",
        "return": -0.030681,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-09-20",
        "end": "2024-10-11",
        "tenure": "New",
        "return": -0.044777,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-10-18",
        "end": "2024-11-29",
        "tenure": "Developing",
        "return": -0.04589,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-06",
        "end": "2025-05-23",
        "tenure": "Established",
        "return": -0.191046,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.038903,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-07-18",
        "tenure": "Developing",
        "return": -0.001491,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-25",
        "end": "2025-08-08",
        "tenure": "New",
        "return": -0.061692,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-10-10",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "tenure": "New",
        "return": 0.037404,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-07",
        "end": "2026-04-24",
        "tenure": "Established",
        "return": -0.111506,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "start": "2026-05-01",
        "end": "2026-05-08",
        "tenure": "New",
        "return": 0.100788,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
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      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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        "return": 0.0,
        "active": true
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    ],
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      {
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      },
      {
        "date": "2026-07-24",
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        "volume": 36003,
        "typical_volume": 72903.6,
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        "fair_value": 6850.495189,
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      },
      {
        "date": "2026-07-31",
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        "volume": 61801,
        "typical_volume": 70058.0,
        "trend": 5421.745654,
        "fair_value": 6839.778655,
        "relative_strength": 10.222684,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 45.102648,
        "energy": 34.927807,
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      },
      {
        "date": "2026-08-07",
        "close": 6062.0,
        "volume": 81660,
        "typical_volume": 65966.85,
        "trend": 5453.095654,
        "fair_value": 6825.496698,
        "relative_strength": 8.43783,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.481838,
        "energy": 27.812546,
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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."
    }
  }
}