{
  "ticker": {
    "uuid": "84d95b5c-96e3-4469-a96c-0671094fd5b9",
    "symbol": "BLUEDART",
    "name": "Blue Dart Express 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": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -23.396,
    "architecture_energy": 15.067,
    "architecture_maturity": 77.999,
    "architecture_confidence": 62.086,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 50.43,
        "rotation_up": 34.38,
        "upward_expansion": 21.47,
        "deceleration": 40.6,
        "rotation_down": 22.33,
        "downward_expansion": 53.14
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      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
    },
    "latest_close": 5089.5,
    "trend_reference": 5186.419987,
    "distance_from_trend": -0.018687,
    "trend_direction": "Weakening",
    "fair_value": 6400.431841,
    "distance_from_fair_value": -0.204819,
    "fair_value_direction": "Weakening",
    "relative_strength": -5.106532,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.12933,
    "excess_performance": -0.085621,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.018687,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.044803,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.204819,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.072851,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.051065,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.064422,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.12933,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.209974,
        "read": "Supply-led"
      }
    ],
    "volume": {
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      "relative_activity": 8.480243,
      "balance": 0.209974,
      "dry_up": 2.671886,
      "accumulation_observations": 1,
      "distribution_observations": 2
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    "risk": {
      "range_context": 0.053445,
      "annualized_volatility": 0.262232,
      "from_high_reference": -0.276649,
      "from_low_reference": 0.086803
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    "levels": {
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      "fair_value_reference": 6400.431841,
      "structural_low": 4683.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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        "sample_count": 24,
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        "directional_follow_through": 0.5,
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      {
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      },
      {
        "date": "2026-07-24",
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        "volume": 58033,
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      },
      {
        "date": "2026-07-31",
        "close": 5126.0,
        "volume": 118195,
        "typical_volume": 54521.2,
        "trend": 5196.35332,
        "fair_value": 6407.402478,
        "relative_strength": -3.956065,
        "stage": 4,
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        "modifier": "Established contraction",
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        "direction": -26.358792,
        "energy": 14.758535,
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      },
      {
        "date": "2026-08-07",
        "close": 5089.5,
        "volume": 769803,
        "typical_volume": 90776.05,
        "trend": 5186.419987,
        "fair_value": 6400.431841,
        "relative_strength": -5.106532,
        "stage": 4,
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        "modifier": "Established contraction",
        "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."
    }
  }
}