{
  "ticker": {
    "uuid": "96374691-0a6a-44fb-9ad2-8b0fdc3cb437",
    "symbol": "VARDHACRLC",
    "name": "Vardhman Acrylics 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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "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": 49.4,
    "architecture_energy": 32.681,
    "architecture_maturity": 46.484,
    "architecture_confidence": 95.867,
    "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": 29.09,
        "rotation_up": 36.28,
        "upward_expansion": 58.94,
        "deceleration": 86.42,
        "rotation_down": 26.19,
        "downward_expansion": 20.27
      },
      "activity_lines": [
        43.902,
        43.930545,
        42.956524,
        41.138236
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 44.73,
    "trend_reference": 39.239,
    "distance_from_trend": 0.139937,
    "trend_direction": "Improving",
    "fair_value": 47.571408,
    "distance_from_fair_value": -0.059729,
    "fair_value_direction": "Improving",
    "relative_strength": 12.503919,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.1928,
    "excess_performance": 0.236509,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.139937,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.050829,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.059729,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.08079,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.125039,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.068793,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.1928,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.781473,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 167301,
      "relative_activity": 0.679054,
      "balance": 2.781473,
      "dry_up": 0.851149,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.064593,
      "annualized_volatility": 0.375495,
      "from_high_reference": -0.078682,
      "from_low_reference": 0.656053
    },
    "levels": {
      "trend_reference": 39.239,
      "fair_value_reference": 47.571408,
      "structural_low": 27.01,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": 0.068933,
        "positive_rate": 0.727273,
        "directional_follow_through": 0.727273,
        "median_excess_return": 0.048774,
        "regime_survival": 0.272727,
        "best_return": 0.267857,
        "worst_return": -0.094747,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.076698,
        "positive_rate": 0.857143,
        "directional_follow_through": 0.857143,
        "median_excess_return": 0.065996,
        "regime_survival": 0.285714,
        "best_return": 0.2939,
        "worst_return": -0.018756,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.085884,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.075719,
        "regime_survival": 0.2,
        "best_return": 0.362433,
        "worst_return": -0.058172,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.203252,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.086955,
        "regime_survival": 0.0,
        "best_return": 0.351111,
        "worst_return": 0.041333,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-07-26",
        "end": "2024-09-06",
        "tenure": "Developing",
        "return": -0.009339,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-13",
        "end": "2024-10-04",
        "tenure": "New",
        "return": -0.045709,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-11",
        "end": "2024-10-25",
        "tenure": "New",
        "return": -0.083032,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-01",
        "end": "2024-12-13",
        "tenure": "Developing",
        "return": 0.056449,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-20",
        "end": "2025-05-16",
        "tenure": "Established",
        "return": -0.1963,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-05-23",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.027803,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-13",
        "end": "2025-07-04",
        "tenure": "New",
        "return": 0.053076,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-08-15",
        "tenure": "Developing",
        "return": -0.069897,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-22",
        "end": "2025-10-24",
        "tenure": "Developing",
        "return": -0.079191,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-31",
        "end": "2025-11-14",
        "tenure": "New",
        "return": -0.036145,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-21",
        "end": "2026-05-08",
        "tenure": "Established",
        "return": 0.047098,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "return": 0.036103,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-07-24",
        "tenure": "Developing",
        "return": -0.057727,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.004008,
        "active": true
      }
    ],
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        "fair_value": 47.991662,
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 267377.95,
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        "activity_lines": [
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      },
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 269235.45,
        "trend": 37.504,
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        "relative_strength": 18.204314,
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        "modifier": "Emerging rotation",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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      },
      {
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      },
      {
        "date": "2026-06-26",
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        "fair_value": 47.73945,
        "relative_strength": 13.92813,
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        "direction": 65.097237,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 31311,
        "typical_volume": 236420.65,
        "trend": 38.239333,
        "fair_value": 47.703283,
        "relative_strength": 12.250083,
        "stage": 2,
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      },
      {
        "date": "2026-07-10",
        "close": 43.529999,
        "volume": 83918,
        "typical_volume": 236024.25,
        "trend": 38.456666,
        "fair_value": 47.677597,
        "relative_strength": 10.550912,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.583995,
        "energy": 47.637564,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 42.93,
        "volume": 86495,
        "typical_volume": 229171.25,
        "trend": 38.636333,
        "fair_value": 47.642628,
        "relative_strength": 8.781629,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 47.465316,
        "energy": 37.413952,
        "activity_lines": [
          43.699999,
          43.871636,
          41.789809,
          40.156086
        ]
      },
      {
        "date": "2026-07-24",
        "close": 41.950001,
        "volume": 58626,
        "typical_volume": 225219.2,
        "trend": 38.766333,
        "fair_value": 47.608244,
        "relative_strength": 9.074327,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 41.681352,
        "energy": 28.068898,
        "activity_lines": [
          43.024,
          43.537091,
          42.039666,
          40.369871
        ]
      },
      {
        "date": "2026-07-31",
        "close": 44.91,
        "volume": 526380,
        "typical_volume": 246378.6,
        "trend": 38.964,
        "fair_value": 47.587685,
        "relative_strength": 13.881599,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 49.376758,
        "energy": 29.577005,
        "activity_lines": [
          43.503333,
          43.763636,
          42.53519,
          40.766236
        ]
      },
      {
        "date": "2026-08-07",
        "close": 44.73,
        "volume": 167301,
        "typical_volume": 246373.55,
        "trend": 39.239,
        "fair_value": 47.571408,
        "relative_strength": 12.503919,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 49.39981,
        "energy": 32.680679,
        "activity_lines": [
          43.902,
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          42.956524,
          41.138236
        ]
      }
    ],
    "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."
    }
  }
}