{
  "ticker": {
    "uuid": "909cfac1-a064-4c8e-8e67-a24429d9270d",
    "symbol": "PAYTM",
    "name": "One97 Communications 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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 85.835,
    "architecture_energy": 91.197,
    "architecture_maturity": 23.768,
    "architecture_confidence": 80.735,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 16.88,
        "rotation_up": 83.52,
        "upward_expansion": 96.8,
        "deceleration": 41.89,
        "rotation_down": 8.55,
        "downward_expansion": 21.13
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
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    "latest_close": 1441.599976,
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    "distance_from_trend": 0.2471,
    "trend_direction": "Weakening",
    "fair_value": 876.329168,
    "distance_from_fair_value": 0.645044,
    "fair_value_direction": "Improving",
    "relative_strength": 20.91279,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.214081,
    "excess_performance": 0.25779,
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      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.2471,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.023344,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.645044,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.237138,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.209128,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.128374,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.214081,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.148538,
        "read": "Demand-led"
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    ],
    "volume": {
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      "dry_up": 1.676831,
      "accumulation_observations": 4,
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      "from_high_reference": -0.012264,
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    "levels": {
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      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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        "horizon": "Near term",
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      },
      {
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 10999819.85,
        "trend": 1150.861678,
        "fair_value": 872.63013,
        "relative_strength": 14.188681,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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      },
      {
        "date": "2026-08-07",
        "close": 1441.599976,
        "volume": 23817605,
        "typical_volume": 11566339.7,
        "trend": 1155.961678,
        "fair_value": 876.329168,
        "relative_strength": 20.91279,
        "stage": 3,
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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."
    }
  }
}