{
  "ticker": {
    "uuid": "786f36f8-2e83-488b-bf41-1008360e08b5",
    "symbol": "TIJARIA",
    "name": "Tijaria Polypipes 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": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 21.347,
    "architecture_energy": 22.283,
    "architecture_maturity": 14.411,
    "architecture_confidence": 61.892,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 46.59,
        "rotation_up": 55.59,
        "upward_expansion": 39.42,
        "deceleration": 35.21,
        "rotation_down": 24.15,
        "downward_expansion": 21.42
      },
      "activity_lines": [
        4.825333,
        4.645273,
        4.585571,
        4.610043
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 5.09,
    "trend_reference": 4.648333,
    "distance_from_trend": 0.095016,
    "trend_direction": "Weakening",
    "fair_value": 8.795897,
    "distance_from_fair_value": -0.421321,
    "fair_value_direction": "Improving",
    "relative_strength": -3.310916,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.243685,
    "excess_performance": -0.199976,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.095016,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.072374,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.421321,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.084478,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.033109,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.217831,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.243685,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 20.798735,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 869949,
      "relative_activity": 4.597083,
      "balance": 20.798735,
      "dry_up": 3.417229,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.106241,
      "annualized_volatility": 0.568164,
      "from_high_reference": -0.407451,
      "from_low_reference": 0.433803
    },
    "levels": {
      "trend_reference": 4.648333,
      "fair_value_reference": 8.795897,
      "structural_low": 3.87,
      "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": 12,
        "median_return": -0.054897,
        "positive_rate": 0.416667,
        "directional_follow_through": 0.416667,
        "median_excess_return": -0.014199,
        "regime_survival": 0.416667,
        "best_return": 1.413223,
        "worst_return": -0.232394,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.138462,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.178259,
        "regime_survival": 0.142857,
        "best_return": 2.892562,
        "worst_return": -0.464789,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.02963,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.166866,
        "regime_survival": 0.0,
        "best_return": 1.446281,
        "worst_return": -0.234293,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.333333,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.363891,
        "regime_survival": 0.0,
        "best_return": 1.76,
        "worst_return": -0.618838,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-08-04",
        "end": "2023-10-13",
        "tenure": "Developing",
        "return": 0.126126,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-10-20",
        "end": "2024-02-02",
        "tenure": "Established",
        "return": -0.198675,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-02-09",
        "end": "2024-02-16",
        "tenure": "New",
        "return": 0.090909,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-02-23",
        "end": "2024-06-21",
        "tenure": "Established",
        "return": 0.971429,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-06-28",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": -0.107896,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-08-16",
        "end": "2024-09-13",
        "tenure": "Developing",
        "return": 0.037226,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-09-20",
        "end": "2024-12-27",
        "tenure": "Established",
        "return": -0.091565,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-03",
        "end": "2025-01-17",
        "tenure": "New",
        "return": -0.208627,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-24",
        "end": "2025-07-04",
        "tenure": "Established",
        "return": -0.050053,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-11",
        "end": "2025-08-08",
        "tenure": "Developing",
        "return": -0.023171,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-15",
        "end": "2025-09-19",
        "tenure": "Developing",
        "return": -0.180628,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-09-26",
        "end": "2025-10-31",
        "tenure": "Developing",
        "return": 0.077815,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-07",
        "end": "2026-07-24",
        "tenure": "Extended",
        "return": -0.24183,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.011928,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
        "close": 5.15,
        "volume": 37207,
        "typical_volume": 73713.25,
        "trend": 5.793333,
        "fair_value": 6.483654,
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        "modifier": "Upper balance after advance",
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      },
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      },
      {
        "date": "2026-05-01",
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        "relative_strength": -23.254274,
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        "date": "2026-05-15",
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      },
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        "energy": 35.188557,
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      },
      {
        "date": "2026-05-29",
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 8.815962,
        "relative_strength": -21.398176,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 39.030879,
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      },
      {
        "date": "2026-07-17",
        "close": 4.31,
        "volume": 168967,
        "typical_volume": 96708.55,
        "trend": 4.609,
        "fair_value": 8.806731,
        "relative_strength": -19.859417,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.277302,
        "energy": 49.074411,
        "activity_lines": [
          4.324,
          4.407091,
          4.472667,
          4.549892
        ]
      },
      {
        "date": "2026-07-24",
        "close": 4.64,
        "volume": 711102,
        "typical_volume": 124653.1,
        "trend": 4.597667,
        "fair_value": 8.801859,
        "relative_strength": -10.758615,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.523987,
        "energy": 25.771313,
        "activity_lines": [
          4.404,
          4.44,
          4.48319,
          4.551892
        ]
      },
      {
        "date": "2026-07-31",
        "close": 5.03,
        "volume": 836679,
        "typical_volume": 156280.35,
        "trend": 4.621,
        "fair_value": 8.798526,
        "relative_strength": -4.757358,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 18.736409,
        "energy": 12.656758,
        "activity_lines": [
          4.630667,
          4.541273,
          4.531476,
          4.579785
        ]
      },
      {
        "date": "2026-08-07",
        "close": 5.09,
        "volume": 869949,
        "typical_volume": 189239.35,
        "trend": 4.648333,
        "fair_value": 8.795897,
        "relative_strength": -3.310916,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 21.346632,
        "energy": 22.282784,
        "activity_lines": [
          4.825333,
          4.645273,
          4.585571,
          4.610043
        ]
      }
    ],
    "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."
    }
  }
}