{
  "ticker": {
    "uuid": "7bb57a68-cf5e-4120-9e22-ccdba19600ec",
    "symbol": "NIPPOBATRY",
    "name": "Indo National 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": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "mixed",
    "architecture_direction": -29.172,
    "architecture_energy": 43.598,
    "architecture_maturity": 21.674,
    "architecture_confidence": 67.023,
    "architecture_tenure": "Developing",
    "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": 34.47,
        "rotation_up": 18.09,
        "upward_expansion": 17.0,
        "deceleration": 44.66,
        "rotation_down": 62.25,
        "downward_expansion": 58.66
      },
      "activity_lines": [
        327.476668,
        334.635454,
        343.751905,
        340.860753
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 327.100006,
    "trend_reference": 342.843334,
    "distance_from_trend": -0.04592,
    "trend_direction": "Weakening",
    "fair_value": 494.18288,
    "distance_from_fair_value": -0.338099,
    "fair_value_direction": "Weakening",
    "relative_strength": -14.114201,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.098153,
    "excess_performance": -0.054444,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.04592,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.071045,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.338099,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.221148,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.141142,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.233503,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.098153,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.242115,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 15458,
      "relative_activity": 0.280199,
      "balance": 0.242115,
      "dry_up": 0.236351,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.081379,
      "annualized_volatility": 0.568902,
      "from_high_reference": -0.34662,
      "from_low_reference": 0.272763
    },
    "levels": {
      "trend_reference": 342.843334,
      "fair_value_reference": 494.18288,
      "structural_low": 257.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 23,
        "median_return": -0.009772,
        "positive_rate": 0.347826,
        "directional_follow_through": 0.347826,
        "median_excess_return": -0.019435,
        "regime_survival": 0.695652,
        "best_return": 0.38942,
        "worst_return": -0.17572,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": -0.049706,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.082795,
        "regime_survival": 0.444444,
        "best_return": 0.190576,
        "worst_return": -0.187384,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.127984,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.166667,
        "median_excess_return": -0.16666,
        "regime_survival": 0.166667,
        "best_return": 0.912752,
        "worst_return": -0.342921,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.169935,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.234844,
        "regime_survival": 0.5,
        "best_return": 0.689145,
        "worst_return": -0.310348,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-08-25",
        "end": "2023-09-22",
        "tenure": "Developing",
        "return": 0.150169,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-09-29",
        "end": "2024-01-26",
        "tenure": "Established",
        "return": 0.313007,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-02-02",
        "end": "2024-03-22",
        "tenure": "Developing",
        "return": -0.083018,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-03-29",
        "end": "2024-04-19",
        "tenure": "New",
        "return": 0.102611,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-11-15",
        "tenure": "Extended",
        "return": -0.281355,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-12-27",
        "tenure": "Developing",
        "return": 0.123873,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2025-01-31",
        "tenure": "Developing",
        "return": -0.128605,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-07",
        "end": "2025-05-02",
        "tenure": "Established",
        "return": -0.00651,
        "active": false
      },
      {
        "regime": "balance",
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        "return": 0.053602,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-06-13",
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        "return": -0.00695,
        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      {
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    ],
    "chart_path": [
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      },
      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
        "close": 333.600006,
        "volume": 14164,
        "typical_volume": 60316.95,
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        "fair_value": 496.124431,
        "relative_strength": -13.322568,
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        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -41.559069,
        "energy": 20.433218,
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      },
      {
        "date": "2026-07-24",
        "close": 326.299988,
        "volume": 7986,
        "typical_volume": 58812.1,
        "trend": 348.041667,
        "fair_value": 495.35931,
        "relative_strength": -12.642994,
        "stage": 4,
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        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -45.363599,
        "energy": 26.342362,
        "activity_lines": [
          336.32333,
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      },
      {
        "date": "2026-07-31",
        "close": 322.350006,
        "volume": 14548,
        "typical_volume": 58249.55,
        "trend": 344.998334,
        "fair_value": 494.720896,
        "relative_strength": -15.307254,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -48.627285,
        "energy": 38.694959,
        "activity_lines": [
          330.343333,
          337.685453,
          344.973809,
          342.015484
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      },
      {
        "date": "2026-08-07",
        "close": 327.100006,
        "volume": 15458,
        "typical_volume": 55168.0,
        "trend": 342.843334,
        "fair_value": 494.18288,
        "relative_strength": -14.114201,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -29.171777,
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        "activity_lines": [
          327.476668,
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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."
    }
  }
}