{
  "ticker": {
    "uuid": "7e401448-dbe4-48b6-ab76-170a5a47c892",
    "symbol": "URJA",
    "name": "Urja Global 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": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -25.722,
    "architecture_energy": 48.733,
    "architecture_maturity": 9.051,
    "architecture_confidence": 76.419,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 32.37,
        "rotation_up": 16.64,
        "upward_expansion": 24.67,
        "deceleration": 51.04,
        "rotation_down": 65.81,
        "downward_expansion": 54.34
      },
      "activity_lines": [
        9.426667,
        9.585636,
        10.013,
        9.992538
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 9.84,
    "trend_reference": 9.971,
    "distance_from_trend": -0.013138,
    "trend_direction": "Weakening",
    "fair_value": 15.107051,
    "distance_from_fair_value": -0.348649,
    "fair_value_direction": "Weakening",
    "relative_strength": -10.359088,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.01992,
    "excess_performance": 0.023789,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.013138,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.060993,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.348649,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.093554,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.103591,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.048923,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.01992,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.551144,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 9944283,
      "relative_activity": 1.547832,
      "balance": 0.551144,
      "dry_up": 0.761935,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.060272,
      "annualized_volatility": 0.323889,
      "from_high_reference": -0.319031,
      "from_low_reference": 0.23
    },
    "levels": {
      "trend_reference": 9.971,
      "fair_value_reference": 15.107051,
      "structural_low": 8.0,
      "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": 4,
        "median_return": 0.011765,
        "positive_rate": 0.5,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.031783,
        "regime_survival": 0.25,
        "best_return": 0.206349,
        "worst_return": -0.154676,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.078676,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.126849,
        "regime_survival": 0.0,
        "best_return": 0.365079,
        "worst_return": -0.118705,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.226619,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.307604,
        "regime_survival": 0.0,
        "best_return": 1.111111,
        "worst_return": -0.279412,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.928571,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.877468,
        "regime_survival": 0.0,
        "best_return": 0.928571,
        "worst_return": 0.928571,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-03-15",
        "end": "2024-06-28",
        "tenure": "Established",
        "return": 0.039609,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-07-05",
        "end": "2024-07-12",
        "tenure": "New",
        "return": -0.019002,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-07-19",
        "end": "2024-09-06",
        "tenure": "Developing",
        "return": 0.026342,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-13",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": -0.143332,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-01",
        "end": "2025-05-16",
        "tenure": "Extended",
        "return": -0.222166,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-06-06",
        "tenure": "New",
        "return": -0.011772,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-13",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": -0.016223,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-25",
        "end": "2025-08-15",
        "tenure": "New",
        "return": -0.09173,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-08-22",
        "end": "2025-09-12",
        "tenure": "New",
        "return": 0.026471,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-09-19",
        "end": "2025-10-10",
        "tenure": "New",
        "return": -0.075431,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-17",
        "end": "2026-05-01",
        "tenure": "Extended",
        "return": -0.065413,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2026-06-05",
        "tenure": "Developing",
        "return": -0.036542,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
        "return": -0.07722,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.056928,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
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      },
      {
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        "relative_strength": -16.264841,
        "stage": 4,
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        "gate": "mixed",
        "direction": -41.662804,
        "energy": 52.486846,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 6357927.2,
        "trend": 10.082,
        "fair_value": 15.116795,
        "relative_strength": -14.40682,
        "stage": 4,
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        "gate": "mixed",
        "direction": -42.663887,
        "energy": 58.819497,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 9.09,
        "volume": 2994331,
        "typical_volume": 6206325.9,
        "trend": 10.006,
        "fair_value": 15.109038,
        "relative_strength": -17.0797,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -47.744543,
        "energy": 69.42024,
        "activity_lines": [
          9.28,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 9.84,
        "volume": 9944283,
        "typical_volume": 6424652.0,
        "trend": 9.971,
        "fair_value": 15.107051,
        "relative_strength": -10.359088,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -25.721783,
        "energy": 48.732977,
        "activity_lines": [
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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."
    }
  }
}