{
  "ticker": {
    "uuid": "7b242602-a414-48af-a02e-cdf8c2f645b3",
    "symbol": "BANARISUG",
    "name": "Bannari Amman Sugars 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": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 48.022,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -54.866,
    "architecture_energy": 36.766,
    "architecture_maturity": 20.742,
    "architecture_confidence": 82.889,
    "architecture_tenure": "Developing",
    "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": 27.15,
        "rotation_up": 21.6,
        "upward_expansion": 4.63,
        "deceleration": 52.38,
        "rotation_down": 47.45,
        "downward_expansion": 75.63
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 3491.0,
    "trend_reference": 3578.40332,
    "distance_from_trend": -0.024425,
    "trend_direction": "Weakening",
    "fair_value": 3297.071744,
    "distance_from_fair_value": 0.058818,
    "fair_value_direction": "Weakening",
    "relative_strength": -2.288357,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.028199,
    "excess_performance": 0.01551,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.024425,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.009099,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.058818,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.058449,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.022884,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.03209,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.028199,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.404242,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2578,
      "relative_activity": 1.689107,
      "balance": 1.404242,
      "dry_up": 1.047666,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.024,
      "annualized_volatility": 0.128878,
      "from_high_reference": -0.093011,
      "from_low_reference": 0.124243
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    "levels": {
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      "fair_value_reference": 3297.071744,
      "structural_low": 3377.899902,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 14,
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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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      {
        "date": "2026-04-17",
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      {
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      {
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      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      {
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 3271.823191,
        "relative_strength": -1.826459,
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      {
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        "relative_strength": -1.067303,
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      },
      {
        "date": "2026-07-17",
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        "volume": 1131,
        "typical_volume": 1734.45,
        "trend": 3589.826644,
        "fair_value": 3281.992217,
        "relative_strength": -2.319973,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.644693,
        "energy": 68.868305,
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          3476.553337,
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          3561.96046,
          3576.455893
        ]
      },
      {
        "date": "2026-07-24",
        "close": 3501.800049,
        "volume": 1754,
        "typical_volume": 1595.6,
        "trend": 3586.319979,
        "fair_value": 3286.818568,
        "relative_strength": 1.008292,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.372854,
        "energy": 49.345769,
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          3553.904753,
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      },
      {
        "date": "2026-07-31",
        "close": 3475.300049,
        "volume": 933,
        "typical_volume": 1486.35,
        "trend": 3582.083317,
        "fair_value": 3291.891351,
        "relative_strength": -2.13823,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.656118,
        "energy": 41.503095,
        "activity_lines": [
          3484.820036,
          3497.376381,
          3543.799046,
          3563.614182
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      },
      {
        "date": "2026-08-07",
        "close": 3491.0,
        "volume": 2578,
        "typical_volume": 1526.25,
        "trend": 3578.40332,
        "fair_value": 3297.071744,
        "relative_strength": -2.288357,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.865964,
        "energy": 36.766429,
        "activity_lines": [
          3486.573356,
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          3557.737839
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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."
    }
  }
}