{
  "ticker": {
    "uuid": "9073239c-5784-47d1-b81a-09f032a81b75",
    "symbol": "BAJAJHLDNG",
    "name": "Bajaj Holdings & Investment 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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 67.138,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "up",
    "architecture_direction": 69.018,
    "architecture_energy": 57.879,
    "architecture_maturity": 16.553,
    "architecture_confidence": 78.227,
    "architecture_tenure": "Developing",
    "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": 23.39,
        "rotation_up": 64.35,
        "upward_expansion": 84.32,
        "deceleration": 48.68,
        "rotation_down": 13.73,
        "downward_expansion": 10.99
      },
      "activity_lines": [
        11011.6,
        10834.798739,
        10583.364472,
        10452.294485
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 11263.0,
    "trend_reference": 10410.271322,
    "distance_from_trend": 0.081912,
    "trend_direction": "Weakening",
    "fair_value": 10260.933863,
    "distance_from_fair_value": 0.097658,
    "fair_value_direction": "Improving",
    "relative_strength": 1.597523,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.024002,
    "excess_performance": 0.067711,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.081912,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.026062,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.097658,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.042569,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.015975,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.108398,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.024002,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.838788,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 183767,
      "relative_activity": 0.956903,
      "balance": 0.838788,
      "dry_up": 1.463438,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.049728,
      "annualized_volatility": 0.294129,
      "from_high_reference": -0.233306,
      "from_low_reference": 0.311481
    },
    "levels": {
      "trend_reference": 10410.271322,
      "fair_value_reference": 10260.933863,
      "structural_low": 8588.0,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 3,
        "median_return": 0.057162,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.042135,
        "regime_survival": 0.333333,
        "best_return": 0.229614,
        "worst_return": 0.025754,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.151186,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.095654,
        "regime_survival": 0.0,
        "best_return": 0.215213,
        "worst_return": 0.087158,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.072054,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.03468,
        "regime_survival": 0.0,
        "best_return": 0.110818,
        "worst_return": 0.033289,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.284944,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.197565,
        "regime_survival": 0.0,
        "best_return": 0.284944,
        "worst_return": 0.284944,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-09-01",
        "end": "2023-10-27",
        "tenure": "Developing",
        "return": -0.069326,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-11-03",
        "end": "2023-11-24",
        "tenure": "New",
        "return": 0.074621,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-01",
        "end": "2024-03-22",
        "tenure": "Established",
        "return": 0.144847,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-03-29",
        "end": "2024-06-07",
        "tenure": "Developing",
        "return": 0.012674,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-06-14",
        "end": "2024-06-28",
        "tenure": "New",
        "return": 0.030673,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-05",
        "end": "2024-10-25",
        "tenure": "Established",
        "return": 0.056902,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-01",
        "end": "2024-11-15",
        "tenure": "New",
        "return": 0.050089,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-22",
        "end": "2025-07-25",
        "tenure": "Extended",
        "return": 0.327178,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-01",
        "end": "2025-10-03",
        "tenure": "Developing",
        "return": -0.142298,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-10",
        "end": "2025-10-24",
        "tenure": "New",
        "return": 0.08862,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-31",
        "end": "2025-11-21",
        "tenure": "New",
        "return": -0.053808,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-28",
        "end": "2026-05-15",
        "tenure": "Established",
        "return": -0.114576,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-22",
        "end": "2026-07-03",
        "tenure": "Developing",
        "return": 0.069986,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-10",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.057162,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 170915.45,
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      },
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      },
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      },
      {
        "date": "2026-07-17",
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        "trend": 10413.404655,
        "fair_value": 10185.526589,
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      },
      {
        "date": "2026-07-24",
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        "volume": 400892,
        "typical_volume": 197554.95,
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        "fair_value": 10207.126975,
        "relative_strength": -1.246999,
        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 11343.0,
        "volume": 255872,
        "typical_volume": 194204.8,
        "trend": 10402.937988,
        "fair_value": 10233.8675,
        "relative_strength": 2.658213,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 46.581323,
        "energy": 42.29095,
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      },
      {
        "date": "2026-08-07",
        "close": 11263.0,
        "volume": 183767,
        "typical_volume": 192043.45,
        "trend": 10410.271322,
        "fair_value": 10260.933863,
        "relative_strength": 1.597523,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 69.017512,
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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."
    }
  }
}