{
  "ticker": {
    "uuid": "8f0731da-ad78-42f5-abcf-59b4a7c990ff",
    "symbol": "BBTC",
    "name": "The Bombay Burmah Trading Corporation 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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -52.76,
    "architecture_energy": 42.945,
    "architecture_maturity": 7.136,
    "architecture_confidence": 83.564,
    "architecture_tenure": "New",
    "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": 34.94,
        "rotation_up": 11.94,
        "upward_expansion": 5.8,
        "deceleration": 45.13,
        "rotation_down": 59.9,
        "downward_expansion": 76.8
      },
      "activity_lines": [
        1492.799976,
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        1513.579984,
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 1504.099976,
    "trend_reference": 1565.473962,
    "distance_from_trend": -0.039205,
    "trend_direction": "Weakening",
    "fair_value": 1784.786918,
    "distance_from_fair_value": -0.157266,
    "fair_value_direction": "Weakening",
    "relative_strength": -10.072236,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.145915,
    "excess_performance": -0.102206,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.039205,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.064454,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.157266,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.053522,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.100722,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.003193,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.145915,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.646344,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 223671,
      "relative_activity": 1.151379,
      "balance": 0.646344,
      "dry_up": 0.703543,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.036178,
      "annualized_volatility": 0.225271,
      "from_high_reference": -0.28873,
      "from_low_reference": 0.14415
    },
    "levels": {
      "trend_reference": 1565.473962,
      "fair_value_reference": 1784.786918,
      "structural_low": 1314.599976,
      "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": 24,
        "median_return": 0.003375,
        "positive_rate": 0.541667,
        "directional_follow_through": 0.458333,
        "median_excess_return": -0.002418,
        "regime_survival": 0.666667,
        "best_return": 0.1449,
        "worst_return": -0.188407,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.022834,
        "positive_rate": 0.3,
        "directional_follow_through": 0.7,
        "median_excess_return": -0.012307,
        "regime_survival": 0.6,
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        "worst_return": -0.118517,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.087127,
        "positive_rate": 0.2,
        "directional_follow_through": 0.8,
        "median_excess_return": -0.083859,
        "regime_survival": 0.4,
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        "worst_return": -0.124994,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
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        "best_return": 0.609399,
        "worst_return": -0.190902,
        "sufficient": false
      }
    ],
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        "label": "Deceleration",
        "color": "amber",
        "start": "2023-12-22",
        "end": "2024-01-05",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
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      },
      {
        "regime": "deceleration",
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        "tenure": "Developing",
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      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
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        "tenure": "Developing",
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "Established",
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      },
      {
        "regime": "balance",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
        "close": 1504.099976,
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        "trend": 1565.473962,
        "fair_value": 1784.786918,
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        "stage": 4,
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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."
    }
  }
}