{
  "ticker": {
    "uuid": "8d0049f8-12e9-444e-a4ba-e6c1be8c73d5",
    "symbol": "MIRZAINT",
    "name": "Mirza International 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 80.236,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "up",
    "architecture_direction": 35.431,
    "architecture_energy": 19.93,
    "architecture_maturity": 32.961,
    "architecture_confidence": 72.375,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 48.89,
        "rotation_up": 36.69,
        "upward_expansion": 63.21,
        "deceleration": 84.27,
        "rotation_down": 27.56,
        "downward_expansion": 17.88
      },
      "activity_lines": [
        34.773334,
        34.996001,
        33.841001,
        33.334409
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 33.200001,
    "trend_reference": 33.252333,
    "distance_from_trend": -0.001574,
    "trend_direction": "Weakening",
    "fair_value": 39.354551,
    "distance_from_fair_value": -0.156387,
    "fair_value_direction": "Improving",
    "relative_strength": -4.41447,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.120763,
    "excess_performance": -0.077054,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.001574,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.03945,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.156387,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.022365,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.044145,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.043464,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.120763,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.75681,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1091977,
      "relative_activity": 0.968151,
      "balance": 0.75681,
      "dry_up": 1.992153,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.100718,
      "annualized_volatility": 0.475785,
      "from_high_reference": -0.245455,
      "from_low_reference": 0.330661
    },
    "levels": {
      "trend_reference": 33.252333,
      "fair_value_reference": 39.354551,
      "structural_low": 24.950001,
      "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": 2,
        "median_return": 0.078219,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.067493,
        "regime_survival": 0.0,
        "best_return": 0.147166,
        "worst_return": 0.009271,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.217101,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.131972,
        "regime_survival": 0.0,
        "best_return": 0.21848,
        "worst_return": 0.215722,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.926144,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.843955,
        "regime_survival": 0.0,
        "best_return": 1.78245,
        "worst_return": 0.069839,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 1.90845,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 1.904233,
        "regime_survival": 0.5,
        "best_return": 3.619744,
        "worst_return": 0.197157,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-01",
        "end": "2025-05-30",
        "tenure": "Extended",
        "return": -0.265186,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.097322,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-18",
        "end": "2025-08-08",
        "tenure": "New",
        "return": 0.036465,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-15",
        "end": "2025-08-29",
        "tenure": "New",
        "return": -0.018677,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-05",
        "end": "2025-09-12",
        "tenure": "New",
        "return": -0.004464,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-19",
        "end": "2025-11-07",
        "tenure": "Developing",
        "return": -0.11354,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-14",
        "end": "2025-11-28",
        "tenure": "New",
        "return": -0.019065,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-05",
        "end": "2026-01-02",
        "tenure": "Developing",
        "return": -0.073232,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-09",
        "end": "2026-01-16",
        "tenure": "New",
        "return": 0.00406,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-01-23",
        "end": "2026-02-06",
        "tenure": "New",
        "return": 0.162204,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-13",
        "end": "2026-03-06",
        "tenure": "New",
        "return": -0.099167,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-13",
        "end": "2026-06-19",
        "tenure": "Established",
        "return": 0.079134,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-26",
        "end": "2026-07-10",
        "tenure": "New",
        "return": 0.123133,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.143005,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 42.299999,
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        "typical_volume": 4460288.55,
        "trend": 112.889999,
        "fair_value": 134.033654,
        "relative_strength": -79.600078,
        "stage": 4,
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        "energy": 74.355465,
        "activity_lines": [
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      },
      {
        "date": "2023-08-25",
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      },
      {
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      },
      {
        "date": "2023-09-08",
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      },
      {
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      },
      {
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      },
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      },
      {
        "date": "2026-04-24",
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        "fair_value": 41.188397,
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 920338.55,
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        "stage": 4,
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": 5.441641,
        "stage": 1,
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        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 39.751474,
        "relative_strength": 0.477306,
        "stage": 1,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 39.860001,
        "volume": 6801272,
        "typical_volume": 794817.7,
        "trend": 33.503333,
        "fair_value": 39.695449,
        "relative_strength": 16.985455,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 45.572138,
        "energy": 57.539615,
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      },
      {
        "date": "2026-07-17",
        "close": 38.740002,
        "volume": 5673472,
        "typical_volume": 1057679.1,
        "trend": 33.501333,
        "fair_value": 39.612051,
        "relative_strength": 12.647615,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 46.802623,
        "energy": 68.780945,
        "activity_lines": [
          37.338001,
          35.012546,
          33.46381,
          33.249785
        ]
      },
      {
        "date": "2026-07-24",
        "close": 35.060001,
        "volume": 1306723,
        "typical_volume": 1096231.5,
        "trend": 33.422,
        "fair_value": 39.531667,
        "relative_strength": 4.321363,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 35.595783,
        "energy": 59.91559,
        "activity_lines": [
          36.912668,
          35.295455,
          33.717429,
          33.350344
        ]
      },
      {
        "date": "2026-07-31",
        "close": 33.27,
        "volume": 915619,
        "typical_volume": 1109398.9,
        "trend": 33.295,
        "fair_value": 39.440449,
        "relative_strength": -3.511551,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 55.740115,
        "energy": 50.454859,
        "activity_lines": [
          35.780667,
          35.178364,
          33.788048,
          33.340538
        ]
      },
      {
        "date": "2026-08-07",
        "close": 33.200001,
        "volume": 1091977,
        "typical_volume": 1127899.45,
        "trend": 33.252333,
        "fair_value": 39.354551,
        "relative_strength": -4.41447,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 35.431207,
        "energy": 19.929501,
        "activity_lines": [
          34.773334,
          34.996001,
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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."
    }
  }
}