{
  "ticker": {
    "uuid": "80f2c3e5-3227-417e-98b0-519efa84a182",
    "symbol": "EMUDHRA",
    "name": "eMudhra 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": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Structural repair",
    "architecture_gate": "mixed",
    "architecture_direction": 48.634,
    "architecture_energy": 42.607,
    "architecture_maturity": 14.191,
    "architecture_confidence": 70.434,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 42.64,
        "rotation_up": 59.87,
        "upward_expansion": 47.68,
        "deceleration": 35.91,
        "rotation_down": 19.95,
        "downward_expansion": 15.35
      },
      "activity_lines": [
        484.656661,
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        464.738787
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
    },
    "latest_close": 538.849976,
    "trend_reference": 467.594928,
    "distance_from_trend": 0.152386,
    "trend_direction": "Weakening",
    "fair_value": 662.111926,
    "distance_from_fair_value": -0.186165,
    "fair_value_direction": "Improving",
    "relative_strength": 0.123728,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.059894,
    "excess_performance": 0.103603,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.152386,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.09088,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.186165,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.028482,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.001237,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.134708,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.059894,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 6.612871,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1752974,
      "relative_activity": 1.799747,
      "balance": 6.612871,
      "dry_up": 1.074814,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.059345,
      "annualized_volatility": 0.416006,
      "from_high_reference": -0.30471,
      "from_low_reference": 0.478124
    },
    "levels": {
      "trend_reference": 467.594928,
      "fair_value_reference": 662.111926,
      "structural_low": 364.549988,
      "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": 1,
        "median_return": 0.391356,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.396576,
        "regime_survival": 0.0,
        "best_return": 0.391356,
        "worst_return": 0.391356,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
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        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.309596,
        "regime_survival": 0.0,
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        "worst_return": 0.343108,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.378375,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.260854,
        "regime_survival": 0.0,
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        "worst_return": 0.378375,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.302396,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.276141,
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        "worst_return": 0.302396,
        "sufficient": false
      }
    ],
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        "regime": "balance",
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        "end": "2024-10-11",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2024-11-22",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
        "return": 0.028729,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-31",
        "end": "2025-02-14",
        "tenure": "New",
        "return": -0.034951,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-03-21",
        "tenure": "Developing",
        "return": 0.147942,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
        "return": -0.161788,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "Developing",
        "return": 0.071635,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
        "return": -0.128948,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-09-05",
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        "tenure": "Extended",
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        "active": false
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      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "downward_expansion",
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      {
        "regime": "balance",
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      {
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        "active": true
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      },
      {
        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
        "close": 448.100006,
        "volume": 681804,
        "typical_volume": 937034.8,
        "trend": 476.556593,
        "fair_value": 661.570085,
        "relative_strength": -18.521913,
        "stage": 4,
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        "modifier": "Early contraction",
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        "direction": -51.609097,
        "energy": 43.154484,
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      },
      {
        "date": "2026-07-24",
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        "volume": 514492,
        "typical_volume": 898168.3,
        "trend": 471.70326,
        "fair_value": 661.423017,
        "relative_strength": -14.124654,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.973005,
        "energy": 27.799821,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 464.100006,
        "volume": 1238253,
        "typical_volume": 915397.8,
        "trend": 467.961595,
        "fair_value": 661.514149,
        "relative_strength": -13.840216,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.834574,
        "energy": 10.064658,
        "activity_lines": [
          455.730003,
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          460.165343
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      },
      {
        "date": "2026-08-07",
        "close": 538.849976,
        "volume": 1752974,
        "typical_volume": 974011.25,
        "trend": 467.594928,
        "fair_value": 662.111926,
        "relative_strength": 0.123728,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 48.633891,
        "energy": 42.606785,
        "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."
    }
  }
}