{
  "ticker": {
    "uuid": "83ef47a5-3139-4e79-856e-81274088c3fd",
    "symbol": "MAHSCOOTER",
    "name": "Maharashtra Scooters Ltd.",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 52.395,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 46.862,
    "architecture_energy": 43.605,
    "architecture_maturity": 20.372,
    "architecture_confidence": 61.096,
    "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": 33.94,
        "rotation_up": 63.06,
        "upward_expansion": 56.49,
        "deceleration": 25.37,
        "rotation_down": 20.15,
        "downward_expansion": 14.83
      },
      "activity_lines": [
        13219.133333,
        13016.574503,
        12757.876939,
        12719.442673
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 13818.0,
    "trend_reference": 12798.575619,
    "distance_from_trend": 0.079651,
    "trend_direction": "Weakening",
    "fair_value": 10861.493374,
    "distance_from_fair_value": 0.272201,
    "fair_value_direction": "Improving",
    "relative_strength": -0.109717,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.018501,
    "excess_performance": 0.06221,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.079651,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.036426,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.272201,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.016531,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.001097,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.068318,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.018501,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.030195,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 38992,
      "relative_activity": 1.832004,
      "balance": 2.030195,
      "dry_up": 1.217475,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.05335,
      "annualized_volatility": 0.354494,
      "from_high_reference": -0.247844,
      "from_low_reference": 0.26759
    },
    "levels": {
      "trend_reference": 12798.575619,
      "fair_value_reference": 10861.493374,
      "structural_low": 10901.0,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 9,
        "median_return": 0.021066,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.030202,
        "regime_survival": 0.666667,
        "best_return": 0.141024,
        "worst_return": -0.041265,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.218228,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.09409,
        "regime_survival": 0.25,
        "best_return": 0.361103,
        "worst_return": 0.030006,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.399274,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.320735,
        "regime_survival": 0.0,
        "best_return": 0.401944,
        "worst_return": 0.069419,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.495519,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.380856,
        "regime_survival": 0.333333,
        "best_return": 0.572661,
        "worst_return": 0.017391,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-01-05",
        "end": "2024-03-15",
        "tenure": "Developing",
        "return": -0.078559,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-03-22",
        "end": "2024-04-19",
        "tenure": "Developing",
        "return": 0.061741,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-06-21",
        "tenure": "Developing",
        "return": 0.05129,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-11-01",
        "tenure": "Established",
        "return": 0.203172,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2024-12-13",
        "tenure": "Developing",
        "return": -0.105862,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-20",
        "end": "2025-01-03",
        "tenure": "New",
        "return": 0.015009,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-01-24",
        "tenure": "New",
        "return": -0.007175,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-31",
        "end": "2025-03-28",
        "tenure": "Developing",
        "return": 0.205529,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-05-02",
        "tenure": "Developing",
        "return": 0.073501,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Established",
        "return": 0.540738,
        "active": false
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      {
        "regime": "deceleration",
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        "tenure": "New",
        "return": -0.031043,
        "active": false
      },
      {
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        "return": -0.031826,
        "active": false
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        "regime": "downward_expansion",
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      },
      {
        "regime": "balance",
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        "tenure": "Developing",
        "return": 0.110289,
        "active": true
      }
    ],
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      {
        "date": "2026-07-17",
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-24",
        "close": 12672.0,
        "volume": 10785,
        "typical_volume": 19363.35,
        "trend": 12830.308952,
        "fair_value": 10759.049141,
        "relative_strength": -5.671845,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 14.055848,
        "energy": 24.103573,
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      },
      {
        "date": "2026-07-31",
        "close": 13009.0,
        "volume": 40395,
        "typical_volume": 20260.95,
        "trend": 12789.375619,
        "fair_value": 10807.901865,
        "relative_strength": -5.344431,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 17.398093,
        "energy": 27.001344,
        "activity_lines": [
          12935.6,
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          12633.944885,
          12653.079809
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      },
      {
        "date": "2026-08-07",
        "close": 13818.0,
        "volume": 38992,
        "typical_volume": 21283.8,
        "trend": 12798.575619,
        "fair_value": 10861.493374,
        "relative_strength": -0.109717,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 46.861879,
        "energy": 43.604569,
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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."
    }
  }
}