{
  "ticker": {
    "uuid": "8f2e8a96-969f-48cd-af4f-cacbaf702d48",
    "symbol": "TERASOFT",
    "name": "Tera Software 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": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 53.604,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 37.381,
    "architecture_energy": 17.837,
    "architecture_maturity": 34.022,
    "architecture_confidence": 89.271,
    "architecture_tenure": "New",
    "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": 55.36,
        "rotation_up": 27.86,
        "upward_expansion": 54.01,
        "deceleration": 88.62,
        "rotation_down": 26.68,
        "downward_expansion": 20.01
      },
      "activity_lines": [
        394.850008,
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        388.855241,
        379.741722
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 407.700012,
    "trend_reference": 375.798334,
    "distance_from_trend": 0.08489,
    "trend_direction": "Weakening",
    "fair_value": 217.553588,
    "distance_from_fair_value": 0.874021,
    "fair_value_direction": "Improving",
    "relative_strength": 2.294859,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.046427,
    "excess_performance": -0.002718,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.08489,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.058649,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.874021,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.02962,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.022949,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.062463,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.046427,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.214925,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 196357,
      "relative_activity": 2.806912,
      "balance": 2.214925,
      "dry_up": 1.379065,
      "accumulation_observations": 5,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.101215,
      "annualized_volatility": 0.59905,
      "from_high_reference": -0.318227,
      "from_low_reference": 0.445037
    },
    "levels": {
      "trend_reference": 375.798334,
      "fair_value_reference": 217.553588,
      "structural_low": 285.0,
      "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": 20,
        "median_return": -0.030327,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.032397,
        "regime_survival": 0.55,
        "best_return": 0.477805,
        "worst_return": -0.241034,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.01521,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.004894,
        "regime_survival": 0.2,
        "best_return": 0.679093,
        "worst_return": -0.280278,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.16376,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.104786,
        "regime_survival": 0.333333,
        "best_return": 0.816881,
        "worst_return": -0.135974,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.382957,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.220309,
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        "best_return": 1.021899,
        "worst_return": -0.250232,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-23",
        "end": "2024-09-13",
        "tenure": "New",
        "return": 0.061668,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-20",
        "end": "2024-09-27",
        "tenure": "New",
        "return": 0.124018,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-04",
        "end": "2025-02-28",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-03-07",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-09-05",
        "tenure": "New",
        "return": 0.120588,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "color": "amber",
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        "end": "2026-01-23",
        "tenure": "Developing",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
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        "return": -0.022844,
        "active": false
      },
      {
        "regime": "downward_expansion",
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        "end": "2026-05-29",
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        "active": false
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      {
        "regime": "balance",
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        "return": -0.042325,
        "active": false
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      {
        "regime": "rotation_up",
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        "active": false
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        "active": true
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        "typical_volume": 103194.55,
        "trend": 425.17333,
        "fair_value": 182.868794,
        "relative_strength": 0.106181,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "activity_lines": [
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-01",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "volume": 50323,
        "typical_volume": 99264.7,
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        "relative_strength": -3.951481,
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      },
      {
        "date": "2026-05-15",
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        "trend": 407.706663,
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        "relative_strength": -18.778558,
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        "energy": 49.225622,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 99658.05,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 100747.45,
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      },
      {
        "date": "2026-06-05",
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        "volume": 71507,
        "typical_volume": 100925.6,
        "trend": 395.718331,
        "fair_value": 197.054469,
        "relative_strength": 23.441339,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 97099.4,
        "trend": 390.548332,
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        "relative_strength": 15.928225,
        "stage": 3,
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        "modifier": "Balance after decline",
        "gate": "mixed",
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      },
      {
        "date": "2026-06-19",
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        "volume": 26825,
        "typical_volume": 90909.3,
        "trend": 388.248332,
        "fair_value": 201.763757,
        "relative_strength": 11.034706,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 25.826974,
        "energy": 55.037616,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 408.549988,
        "volume": 0,
        "typical_volume": 84432.75,
        "trend": 384.779999,
        "fair_value": 204.070899,
        "relative_strength": 7.898993,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 26.960843,
        "energy": 60.114702,
        "activity_lines": [
          417.47666,
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      },
      {
        "date": "2026-07-03",
        "close": 404.450012,
        "volume": 9158,
        "typical_volume": 75500.1,
        "trend": 382.016666,
        "fair_value": 206.361032,
        "relative_strength": 5.223673,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 33.579313,
        "energy": 52.83814,
        "activity_lines": [
          413.173332,
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      },
      {
        "date": "2026-07-10",
        "close": 398.75,
        "volume": 55850,
        "typical_volume": 72333.55,
        "trend": 379.719999,
        "fair_value": 208.605033,
        "relative_strength": 3.47223,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 28.691903,
        "energy": 28.232119,
        "activity_lines": [
          406.303333,
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          375.44301
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      },
      {
        "date": "2026-07-17",
        "close": 399.0,
        "volume": 112302,
        "typical_volume": 72507.6,
        "trend": 377.648333,
        "fair_value": 210.857991,
        "relative_strength": 2.517996,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 15.230045,
        "energy": 17.557311,
        "activity_lines": [
          402.466667,
          403.983636,
          381.683095,
          376.686882
        ]
      },
      {
        "date": "2026-07-24",
        "close": 393.700012,
        "volume": 49408,
        "typical_volume": 70373.4,
        "trend": 377.205,
        "fair_value": 213.075377,
        "relative_strength": 3.087678,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 38.3514,
        "energy": 22.342017,
        "activity_lines": [
          398.546671,
          404.335456,
          384.276668,
          377.722474
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      },
      {
        "date": "2026-07-31",
        "close": 376.600006,
        "volume": 27822,
        "typical_volume": 67534.2,
        "trend": 375.796666,
        "fair_value": 215.212245,
        "relative_strength": -4.241162,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.470184,
        "energy": 17.772827,
        "activity_lines": [
          390.450006,
          399.661821,
          385.179764,
          377.683442
        ]
      },
      {
        "date": "2026-08-07",
        "close": 407.700012,
        "volume": 196357,
        "typical_volume": 69954.8,
        "trend": 375.798334,
        "fair_value": 217.553588,
        "relative_strength": 2.294859,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.38108,
        "energy": 17.836743,
        "activity_lines": [
          394.850008,
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          388.855241,
          379.741722
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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."
    }
  }
}