{
  "ticker": {
    "uuid": "9240741c-d9d4-4c3c-9bf5-3577651e52a5",
    "symbol": "POWERINDIA",
    "name": "Hitachi Energy 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": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 14.087,
    "architecture_energy": 13.603,
    "architecture_maturity": 67.795,
    "architecture_confidence": 73.104,
    "architecture_tenure": "Developing",
    "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": 60.15,
        "rotation_up": 18.3,
        "upward_expansion": 45.83,
        "deceleration": 87.69,
        "rotation_down": 30.91,
        "downward_expansion": 26.16
      },
      "activity_lines": [
        32111.0,
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        31706.733333
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 32600.0,
    "trend_reference": 28920.133333,
    "distance_from_trend": 0.127242,
    "trend_direction": "Improving",
    "fair_value": 15458.136853,
    "distance_from_fair_value": 1.108922,
    "fair_value_direction": "Weakening",
    "relative_strength": 31.231376,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.490558,
    "excess_performance": 0.534267,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.127242,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.184643,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.108922,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.511492,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.312314,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.350282,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.490558,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.507991,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 361226,
      "relative_activity": 0.648312,
      "balance": 1.507991,
      "dry_up": 0.968005,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.087423,
      "annualized_volatility": 0.411975,
      "from_high_reference": -0.156424,
      "from_low_reference": 1.023462
    },
    "levels": {
      "trend_reference": 28920.133333,
      "fair_value_reference": 15458.136853,
      "structural_low": 21827.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": 0.096183,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.082055,
        "regime_survival": 0.5,
        "best_return": 0.205795,
        "worst_return": -0.113806,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.279721,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.23093,
        "regime_survival": 0.0,
        "best_return": 0.406374,
        "worst_return": -0.018884,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.2525,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.333595,
        "regime_survival": 0.0,
        "best_return": 0.700353,
        "worst_return": 0.115116,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 1.344155,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 1.172037,
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        "best_return": 2.329757,
        "worst_return": 0.358554,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-01-03",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-24",
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        "tenure": "Established",
        "return": 0.289907,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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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": "2025-10-24",
        "tenure": "Developing",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-11-07",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "return": 0.004519,
        "active": false
      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "balance",
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        "tenure": "New",
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        "active": false
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      {
        "regime": "downward_expansion",
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        "tenure": "New",
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        "active": false
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        "regime": "rotation_up",
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      {
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
        "close": 32175.0,
        "volume": 678986,
        "typical_volume": 568548.15,
        "trend": 28429.5,
        "fair_value": 15277.420316,
        "relative_strength": 31.752136,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 14.074539,
        "energy": 16.264031,
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      },
      {
        "date": "2026-08-07",
        "close": 32600.0,
        "volume": 361226,
        "typical_volume": 557178.9,
        "trend": 28920.133333,
        "fair_value": 15458.136853,
        "relative_strength": 31.231376,
        "stage": 2,
        "regime": "deceleration",
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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."
    }
  }
}