{
  "ticker": {
    "uuid": "886ddd8c-7ba5-4eb4-89fa-fc770ca9e1c7",
    "symbol": "ZFCVINDIA",
    "name": "ZF Commercial Vehicle Control Systems India 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": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 51.895,
    "architecture_energy": 19.766,
    "architecture_maturity": 47.923,
    "architecture_confidence": 60.661,
    "architecture_tenure": "Established",
    "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": 46.75,
        "rotation_up": 35.88,
        "upward_expansion": 62.41,
        "deceleration": 66.38,
        "rotation_down": 30.42,
        "downward_expansion": 14.41
      },
      "activity_lines": [
        2464.919987,
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        2455.350968,
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 2637.199951,
    "trend_reference": 2433.944173,
    "distance_from_trend": 0.083509,
    "trend_direction": "Improving",
    "fair_value": 2373.241275,
    "distance_from_fair_value": 0.111223,
    "fair_value_direction": "Improving",
    "relative_strength": 12.032903,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.063101,
    "excess_performance": 0.10681,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.083509,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.017965,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.111223,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.070671,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.120329,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.031888,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.063101,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.620358,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 714034,
      "relative_activity": 1.082463,
      "balance": 0.620358,
      "dry_up": 1.459373,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.076237,
      "annualized_volatility": 0.282567,
      "from_high_reference": -0.132138,
      "from_low_reference": 0.28623
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    "levels": {
      "trend_reference": 2433.944173,
      "fair_value_reference": 2373.241275,
      "structural_low": 2158.666748,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 25,
        "median_return": 0.012216,
        "positive_rate": 0.56,
        "directional_follow_through": 0.56,
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        "regime_survival": 0.52,
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        "worst_return": -0.099431,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
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        "positive_rate": 0.7,
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        "median_excess_return": 0.062064,
        "regime_survival": 0.3,
        "best_return": 0.19473,
        "worst_return": -0.255854,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
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        "positive_rate": 0.857143,
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        "worst_return": -0.230579,
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      {
        "horizon": "Full cycle",
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        "end": "2025-03-28",
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      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
        "close": 2320.600098,
        "volume": 1531580,
        "typical_volume": 634508.05,
        "trend": 2428.129736,
        "fair_value": 2369.229048,
        "relative_strength": 2.486472,
        "stage": 2,
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        "modifier": "Upper balance after advance",
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        "energy": 20.420314,
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      },
      {
        "date": "2026-07-31",
        "close": 2417.899902,
        "volume": 620666,
        "typical_volume": 647454.35,
        "trend": 2425.170842,
        "fair_value": 2370.704735,
        "relative_strength": 3.844226,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -11.511732,
        "energy": 16.140091,
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      },
      {
        "date": "2026-08-07",
        "close": 2637.199951,
        "volume": 714034,
        "typical_volume": 659638.45,
        "trend": 2433.944173,
        "fair_value": 2373.241275,
        "relative_strength": 12.032903,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 51.895147,
        "energy": 19.765727,
        "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."
    }
  }
}