{
  "ticker": {
    "uuid": "7ced600f-b8b7-46d4-974b-a5685be2c11e",
    "symbol": "VOLTAS",
    "name": "Voltas 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": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -29.368,
    "architecture_energy": 15.075,
    "architecture_maturity": 19.646,
    "architecture_confidence": 57.825,
    "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": 48.5,
        "rotation_up": 26.83,
        "upward_expansion": 24.71,
        "deceleration": 46.98,
        "rotation_down": 32.89,
        "downward_expansion": 51.38
      },
      "activity_lines": [
        1312.933349,
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        1328.148387
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 1285.0,
    "trend_reference": 1355.338834,
    "distance_from_trend": -0.051898,
    "trend_direction": "Weakening",
    "fair_value": 1322.634411,
    "distance_from_fair_value": -0.028454,
    "fair_value_direction": "Weakening",
    "relative_strength": -5.341544,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.10453,
    "excess_performance": -0.060821,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.051898,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.017551,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.028454,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.060516,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.053415,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.049937,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.10453,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.10564,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2649956,
      "relative_activity": 0.655105,
      "balance": 1.10564,
      "dry_up": 0.731761,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.057578,
      "annualized_volatility": 0.318003,
      "from_high_reference": -0.187994,
      "from_low_reference": 0.082743
    },
    "levels": {
      "trend_reference": 1355.338834,
      "fair_value_reference": 1322.634411,
      "structural_low": 1186.800049,
      "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": 17,
        "median_return": 0.032007,
        "positive_rate": 0.647059,
        "directional_follow_through": 0.647059,
        "median_excess_return": 0.00073,
        "regime_survival": 0.529412,
        "best_return": 0.175766,
        "worst_return": -0.133811,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.002932,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": 0.019328,
        "regime_survival": 0.0,
        "best_return": 0.268319,
        "worst_return": -0.085029,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.048226,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.026726,
        "regime_survival": 0.2,
        "best_return": 0.257926,
        "worst_return": -0.126858,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.035889,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.014968,
        "regime_survival": 0.0,
        "best_return": 0.491322,
        "worst_return": -0.061712,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-14",
        "end": "2025-06-27",
        "tenure": "Established",
        "return": 0.081342,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-04",
        "end": "2025-07-25",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-08-08",
        "tenure": "New",
        "return": -0.009488,
        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-01-23",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "New",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2026-04-17",
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        "return": 0.094634,
        "active": false
      },
      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
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      {
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        "active": true
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    ],
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      },
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      },
      {
        "date": "2026-07-24",
        "close": 1327.300049,
        "volume": 2277070,
        "typical_volume": 4237326.25,
        "trend": 1364.7755,
        "fair_value": 1316.344949,
        "relative_strength": 1.064922,
        "stage": 4,
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-07-31",
        "close": 1328.900024,
        "volume": 2252908,
        "typical_volume": 4100751.7,
        "trend": 1361.398836,
        "fair_value": 1319.659761,
        "relative_strength": -1.400045,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -19.297007,
        "energy": 11.709037,
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      },
      {
        "date": "2026-08-07",
        "close": 1285.0,
        "volume": 2649956,
        "typical_volume": 4045087.9,
        "trend": 1355.338834,
        "fair_value": 1322.634411,
        "relative_strength": -5.341544,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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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."
    }
  }
}