{
  "ticker": {
    "uuid": "87849886-3227-4d4d-a520-d0eb98fdef81",
    "symbol": "IFBAGRO",
    "name": "IFB Agro Industries 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": 81.657,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 24.115,
    "architecture_energy": 30.499,
    "architecture_maturity": 23.452,
    "architecture_confidence": 41.542,
    "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": 42.67,
        "rotation_up": 51.59,
        "upward_expansion": 51.25,
        "deceleration": 25.04,
        "rotation_down": 22.96,
        "downward_expansion": 18.58
      },
      "activity_lines": [
        977.593327,
        962.876358,
        955.113096,
        934.947097
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 973.75,
    "trend_reference": 956.393333,
    "distance_from_trend": 0.018148,
    "trend_direction": "Weakening",
    "fair_value": 701.678206,
    "distance_from_fair_value": 0.387744,
    "fair_value_direction": "Weakening",
    "relative_strength": -4.542136,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.011421,
    "excess_performance": 0.032288,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.018148,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.14117,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.387744,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.261564,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.045421,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.218576,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.011421,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.622998,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 18228,
      "relative_activity": 0.178452,
      "balance": 0.622998,
      "dry_up": 0.333293,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.088678,
      "annualized_volatility": 0.570458,
      "from_high_reference": -0.456006,
      "from_low_reference": 0.433777
    },
    "levels": {
      "trend_reference": 956.393333,
      "fair_value_reference": 701.678206,
      "structural_low": 679.150024,
      "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": 16,
        "median_return": -0.030711,
        "positive_rate": 0.3125,
        "directional_follow_through": 0.3125,
        "median_excess_return": -0.044103,
        "regime_survival": 0.5625,
        "best_return": 0.213321,
        "worst_return": -0.14112,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.046022,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.07656,
        "regime_survival": 0.125,
        "best_return": 0.24663,
        "worst_return": -0.19778,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.05892,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.066009,
        "regime_survival": 0.0,
        "best_return": 0.468066,
        "worst_return": -0.158321,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.090064,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.187066,
        "regime_survival": 0.0,
        "best_return": 0.589669,
        "worst_return": -0.143777,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-26",
        "end": "2024-10-04",
        "tenure": "Developing",
        "return": -0.030048,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-10-11",
        "end": "2025-01-17",
        "tenure": "Established",
        "return": 0.02193,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-24",
        "end": "2025-02-28",
        "tenure": "Developing",
        "return": -0.118522,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-07",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.08921,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-30",
        "end": "2025-06-13",
        "tenure": "New",
        "return": 0.0601,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-20",
        "end": "2025-09-05",
        "tenure": "Developing",
        "return": 0.062275,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-09-12",
        "end": "2025-09-26",
        "tenure": "New",
        "return": 0.043737,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-03",
        "end": "2025-12-12",
        "tenure": "Developing",
        "return": 0.434428,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-19",
        "end": "2026-01-02",
        "tenure": "New",
        "return": 0.207364,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-09",
        "end": "2026-02-06",
        "tenure": "Developing",
        "return": -0.408622,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-13",
        "end": "2026-02-20",
        "tenure": "New",
        "return": 0.032855,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-02-27",
        "end": "2026-03-27",
        "tenure": "Developing",
        "return": -0.163775,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-03",
        "end": "2026-05-22",
        "tenure": "Developing",
        "return": 0.291799,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-29",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.067423,
        "active": true
      }
    ],
    "chart_path": [
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      {
        "date": "2026-04-24",
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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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      {
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      },
      {
        "date": "2026-07-17",
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        "volume": 31363,
        "typical_volume": 111530.85,
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        "fair_value": 693.287181,
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        "stage": 4,
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        "energy": 4.868079,
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      },
      {
        "date": "2026-07-24",
        "close": 994.849976,
        "volume": 24889,
        "typical_volume": 108057.0,
        "trend": 999.966665,
        "fair_value": 696.083014,
        "relative_strength": 1.402449,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 8.062228,
        "energy": 11.712989,
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      },
      {
        "date": "2026-07-31",
        "close": 978.25,
        "volume": 61697,
        "typical_volume": 107121.35,
        "trend": 979.454999,
        "fair_value": 698.953847,
        "relative_strength": -3.015485,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 3.726476,
        "energy": 15.940141,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 973.75,
        "volume": 18228,
        "typical_volume": 102145.0,
        "trend": 956.393333,
        "fair_value": 701.678206,
        "relative_strength": -4.542136,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 24.114761,
        "energy": 30.499165,
        "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."
    }
  }
}