{
  "ticker": {
    "uuid": "905de92e-b727-4af9-802b-12890f1ebbf2",
    "symbol": "CUMMINSIND",
    "name": "Cummins 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 95.28,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 33.906,
    "architecture_energy": 18.758,
    "architecture_maturity": 58.763,
    "architecture_confidence": 90.082,
    "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": 48.76,
        "rotation_up": 25.65,
        "upward_expansion": 54.49,
        "deceleration": 90.91,
        "rotation_down": 26.46,
        "downward_expansion": 18.16
      },
      "activity_lines": [
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        5512.285361,
        5352.35972
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 5426.0,
    "trend_reference": 5078.844238,
    "distance_from_trend": 0.068353,
    "trend_direction": "Improving",
    "fair_value": 3490.105955,
    "distance_from_fair_value": 0.554681,
    "fair_value_direction": "Weakening",
    "relative_strength": 16.118918,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.24775,
    "excess_performance": 0.29146,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.068353,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.086721,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.554681,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.147741,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.161189,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.18855,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.24775,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.619477,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3391177,
      "relative_activity": 1.519071,
      "balance": 0.619477,
      "dry_up": 1.046058,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.057122,
      "annualized_volatility": 0.26169,
      "from_high_reference": -0.110492,
      "from_low_reference": 0.461502
    },
    "levels": {
      "trend_reference": 5078.844238,
      "fair_value_reference": 3490.105955,
      "structural_low": 4308.806846,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 17,
        "median_return": 0.031076,
        "positive_rate": 0.764706,
        "directional_follow_through": 0.764706,
        "median_excess_return": 0.022806,
        "regime_survival": 0.647059,
        "best_return": 0.124169,
        "worst_return": -0.037749,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.108505,
        "positive_rate": 0.857143,
        "directional_follow_through": 0.857143,
        "median_excess_return": 0.099242,
        "regime_survival": 0.142857,
        "best_return": 0.271363,
        "worst_return": -0.016083,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.279273,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": 0.227359,
        "regime_survival": 0.333333,
        "best_return": 0.807393,
        "worst_return": -0.226966,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.335121,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.397986,
        "regime_survival": 0.0,
        "best_return": 0.994183,
        "worst_return": 0.041066,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-08-18",
        "end": "2023-11-10",
        "tenure": "Established",
        "return": 0.021635,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2023-11-24",
        "tenure": "New",
        "return": 0.02301,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2023-12-15",
        "tenure": "New",
        "return": 0.003281,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-08-02",
        "tenure": "Extended",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-09-27",
        "tenure": "Developing",
        "return": 0.040295,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-11-01",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-08",
        "end": "2024-11-22",
        "tenure": "New",
        "return": -0.091906,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-29",
        "end": "2025-05-16",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.150898,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "New",
        "return": 0.009668,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Extended",
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        "active": false
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      {
        "regime": "deceleration",
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      },
      {
        "regime": "upward_expansion",
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        "active": true
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
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        "trend": 5078.844238,
        "fair_value": 3490.105955,
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        "stage": 2,
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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."
    }
  }
}