{
  "ticker": {
    "uuid": "91299964-593c-486d-86a6-973494bf7a06",
    "symbol": "WEL",
    "name": "Wonder Electricals 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": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 92.137,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Structural repair",
    "architecture_gate": "mixed",
    "architecture_direction": 51.578,
    "architecture_energy": 68.159,
    "architecture_maturity": 12.694,
    "architecture_confidence": 84.031,
    "architecture_tenure": "New",
    "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": 20.57,
        "rotation_up": 72.95,
        "upward_expansion": 48.59,
        "deceleration": 22.57,
        "rotation_down": 14.03,
        "downward_expansion": 32.59
      },
      "activity_lines": [
        116.903333,
        109.676182,
        104.040143,
        106.953602
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 129.699997,
    "trend_reference": 114.40664,
    "distance_from_trend": 0.133675,
    "trend_direction": "Weakening",
    "fair_value": 117.562744,
    "distance_from_fair_value": 0.103241,
    "fair_value_direction": "Improving",
    "relative_strength": 0.89825,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.105868,
    "excess_performance": -0.062158,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.133675,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.139713,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.103241,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.166105,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.008982,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.27438,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.105868,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.969621,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2291909,
      "relative_activity": 0.300767,
      "balance": 0.969621,
      "dry_up": 0.162387,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.063994,
      "annualized_volatility": 0.688025,
      "from_high_reference": -0.292801,
      "from_low_reference": 0.729103
    },
    "levels": {
      "trend_reference": 114.40664,
      "fair_value_reference": 117.562744,
      "structural_low": 75.010002,
      "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": 2,
        "median_return": 0.107124,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.084157,
        "regime_survival": 0.0,
        "best_return": 0.342601,
        "worst_return": -0.128352,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.100586,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.104164,
        "regime_survival": 0.0,
        "best_return": 0.41616,
        "worst_return": -0.214987,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.170862,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.124785,
        "regime_survival": 0.0,
        "best_return": 0.121923,
        "worst_return": -0.463647,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.482769,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.333951,
        "regime_survival": 0.0,
        "best_return": 0.482769,
        "worst_return": 0.482769,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-02-09",
        "end": "2024-03-01",
        "tenure": "New",
        "return": 0.528863,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-03-08",
        "end": "2024-05-31",
        "tenure": "Established",
        "return": 0.816396,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-06-07",
        "end": "2024-07-12",
        "tenure": "Developing",
        "return": 0.243084,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-19",
        "end": "2024-11-22",
        "tenure": "Established",
        "return": 0.039009,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-29",
        "end": "2024-12-27",
        "tenure": "Developing",
        "return": 0.237309,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-03",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": 0.199992,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-03-21",
        "end": "2025-06-20",
        "tenure": "Established",
        "return": 0.010608,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-27",
        "end": "2025-08-22",
        "tenure": "Developing",
        "return": -0.108081,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-29",
        "end": "2025-10-31",
        "tenure": "Developing",
        "return": 0.156279,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-07",
        "end": "2025-11-28",
        "tenure": "New",
        "return": 0.189982,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-12-05",
        "end": "2025-12-19",
        "tenure": "New",
        "return": -0.200862,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-26",
        "end": "2026-02-13",
        "tenure": "Developing",
        "return": -0.060785,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-20",
        "end": "2026-07-31",
        "tenure": "Established",
        "return": -0.150742,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 141553.0,
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      },
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
        "close": 107.239998,
        "volume": 593320,
        "typical_volume": 7427774.6,
        "trend": 116.168476,
        "fair_value": 116.296466,
        "relative_strength": -14.626565,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -9.079603,
        "energy": 19.582107,
        "activity_lines": [
          103.75,
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      },
      {
        "date": "2026-07-31",
        "close": 119.550003,
        "volume": 1874386,
        "typical_volume": 7514204.8,
        "trend": 115.032119,
        "fair_value": 116.896068,
        "relative_strength": -6.629228,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 23.569632,
        "energy": 32.941195,
        "activity_lines": [
          109.377334,
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      },
      {
        "date": "2026-08-07",
        "close": 129.699997,
        "volume": 2291909,
        "typical_volume": 7620220.15,
        "trend": 114.40664,
        "fair_value": 117.562744,
        "relative_strength": 0.89825,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 51.577861,
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        "activity_lines": [
          116.903333,
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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."
    }
  }
}