{
  "ticker": {
    "uuid": "814bd23b-60a2-4c43-9a5e-95a93b16d603",
    "symbol": "SANDHAR",
    "name": "Sandhar Technologies 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 39.829,
    "architecture_energy": 27.193,
    "architecture_maturity": 75.442,
    "architecture_confidence": 96,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 37.12,
        "rotation_up": 27.23,
        "upward_expansion": 58.11,
        "deceleration": 88.23,
        "rotation_down": 32.34,
        "downward_expansion": 19.45
      },
      "activity_lines": [
        634.193339,
        651.657274,
        633.177382,
        600.642797
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 666.650024,
    "trend_reference": 564.705002,
    "distance_from_trend": 0.180528,
    "trend_direction": "Improving",
    "fair_value": 503.649547,
    "distance_from_fair_value": 0.323639,
    "fair_value_direction": "Improving",
    "relative_strength": 23.967522,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.255816,
    "excess_performance": 0.299525,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.180528,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.072581,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.323639,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.197961,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.239675,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.136574,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.255816,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.936629,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1520974,
      "relative_activity": 0.901204,
      "balance": 5.936629,
      "dry_up": 0.794325,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.09385,
      "annualized_volatility": 0.466111,
      "from_high_reference": -0.126507,
      "from_low_reference": 0.65777
    },
    "levels": {
      "trend_reference": 564.705002,
      "fair_value_reference": 503.649547,
      "structural_low": 424.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 10,
        "median_return": -0.031973,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.040073,
        "regime_survival": 0.4,
        "best_return": 0.326008,
        "worst_return": -0.153799,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.071431,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.024342,
        "regime_survival": 0.2,
        "best_return": 0.200233,
        "worst_return": -0.130922,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.114538,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.09879,
        "regime_survival": 0.0,
        "best_return": 0.296148,
        "worst_return": -0.442174,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.311409,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.052146,
        "regime_survival": 0.333333,
        "best_return": 0.315984,
        "worst_return": -0.213633,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-10-25",
        "end": "2024-11-22",
        "tenure": "Developing",
        "return": 0.03991,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-29",
        "end": "2025-05-16",
        "tenure": "Established",
        "return": -0.182897,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.126264,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.033025,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-07-25",
        "tenure": "New",
        "return": -0.020796,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-10-17",
        "tenure": "Developing",
        "return": 0.102814,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-01-23",
        "tenure": "Established",
        "return": -0.0493,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-03-13",
        "tenure": "Developing",
        "return": -0.010934,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "tenure": "New",
        "return": -0.033417,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-10",
        "end": "2026-05-01",
        "tenure": "New",
        "return": 0.003147,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-05-15",
        "tenure": "New",
        "return": -0.049537,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "return": 0.129478,
        "active": false
      },
      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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        "active": true
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 1567551.7,
        "trend": 559.458334,
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        "relative_strength": 15.776114,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 39.245045,
        "energy": 24.908677,
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      },
      {
        "date": "2026-07-31",
        "close": 626.799988,
        "volume": 1833095,
        "typical_volume": 1629654.7,
        "trend": 560.928334,
        "fair_value": 501.628808,
        "relative_strength": 18.432671,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.843265,
        "energy": 26.620599,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 666.650024,
        "volume": 1520974,
        "typical_volume": 1687713.5,
        "trend": 564.705002,
        "fair_value": 503.649547,
        "relative_strength": 23.967522,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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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."
    }
  }
}