{
  "ticker": {
    "uuid": "8c73db7d-04cc-423d-b17f-a14227607ca8",
    "symbol": "POWERGRID",
    "name": "Power Grid Corporation of 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": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 78.957,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Momentum cooling",
    "architecture_gate": "mixed",
    "architecture_direction": -47.763,
    "architecture_energy": 44.643,
    "architecture_maturity": 30.694,
    "architecture_confidence": 59.918,
    "architecture_tenure": "Developing",
    "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": 20.71,
        "rotation_up": 24.27,
        "upward_expansion": 15.23,
        "deceleration": 49.2,
        "rotation_down": 56.86,
        "downward_expansion": 54.57
      },
      "activity_lines": [
        280.653337,
        283.093638,
        289.373571,
        291.937652
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 271.600006,
    "trend_reference": 290.742484,
    "distance_from_trend": -0.06584,
    "trend_direction": "Improving",
    "fair_value": 272.891098,
    "distance_from_fair_value": -0.004731,
    "fair_value_direction": "Weakening",
    "relative_strength": -3.541701,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.061831,
    "excess_performance": -0.018122,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.06584,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.023141,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.004731,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.200489,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.035417,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.183801,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.061831,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.281378,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 50004286,
      "relative_activity": 1.142054,
      "balance": 0.281378,
      "dry_up": 1.030277,
      "accumulation_observations": 0,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.042356,
      "annualized_volatility": 0.1661,
      "from_high_reference": -0.164179,
      "from_low_reference": 0.098596
    },
    "levels": {
      "trend_reference": 290.742484,
      "fair_value_reference": 272.891098,
      "structural_low": 268.350006,
      "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": 11,
        "median_return": 0.022166,
        "positive_rate": 0.818182,
        "directional_follow_through": 0.818182,
        "median_excess_return": 0.020904,
        "regime_survival": 0.363636,
        "best_return": 0.103542,
        "worst_return": -0.025173,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.106115,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.109012,
        "regime_survival": 0.0,
        "best_return": 0.246503,
        "worst_return": 0.002847,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.230356,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.12089,
        "regime_survival": 0.0,
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        "worst_return": 0.179489,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.303674,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.190856,
        "regime_survival": 0.25,
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        "worst_return": -0.108256,
        "sufficient": false
      }
    ],
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-11-22",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "Established",
        "return": 0.01671,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-05-23",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
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      {
        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "active": false
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      {
        "regime": "rotation_up",
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      {
        "regime": "upward_expansion",
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        "regime": "deceleration",
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        "active": true
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      },
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
        "close": 284.25,
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        "trend": 290.193677,
        "fair_value": 272.210573,
        "relative_strength": 1.679625,
        "stage": 3,
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      },
      {
        "date": "2026-08-07",
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        "volume": 50004286,
        "typical_volume": 43784532.6,
        "trend": 290.742484,
        "fair_value": 272.891098,
        "relative_strength": -3.541701,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
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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."
    }
  }
}