{
  "ticker": {
    "uuid": "99fb822e-7269-42d1-9dd9-6e8d54eef73c",
    "symbol": "DHANUKA",
    "name": "Dhanuka Agritech 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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -18.891,
    "architecture_energy": 37.696,
    "architecture_maturity": 4.381,
    "architecture_confidence": 64.567,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 50.37,
        "rotation_up": 15.82,
        "upward_expansion": 21.6,
        "deceleration": 52.18,
        "rotation_down": 59.79,
        "downward_expansion": 48.93
      },
      "activity_lines": [
        1019.572636,
        1036.448275,
        1057.553424,
        1051.9905
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 1020.599976,
    "trend_reference": 1051.913875,
    "distance_from_trend": -0.029769,
    "trend_direction": "Weakening",
    "fair_value": 1281.346054,
    "distance_from_fair_value": -0.203494,
    "fair_value_direction": "Weakening",
    "relative_strength": -13.576689,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.028925,
    "excess_performance": 0.014784,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.029769,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.049999,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.203494,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.080122,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.135767,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.01576,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.028925,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.812515,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 482806,
      "relative_activity": 1.316667,
      "balance": 4.812515,
      "dry_up": 0.64839,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.06035,
      "annualized_volatility": 0.257619,
      "from_high_reference": -0.387027,
      "from_low_reference": 0.147257
    },
    "levels": {
      "trend_reference": 1051.913875,
      "fair_value_reference": 1281.346054,
      "structural_low": 889.599976,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 3,
        "median_return": -0.07187,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.059528,
        "regime_survival": 0.333333,
        "best_return": -0.016685,
        "worst_return": -0.095201,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.169862,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.152502,
        "regime_survival": 0.0,
        "best_return": -0.107258,
        "worst_return": -0.232467,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.201485,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.166632,
        "regime_survival": 0.0,
        "best_return": -0.124046,
        "worst_return": -0.278924,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.162411,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.159323,
        "regime_survival": 0.0,
        "best_return": -0.162411,
        "worst_return": -0.162411,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-06-21",
        "end": "2024-09-06",
        "tenure": "Developing",
        "return": -0.055697,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-09-13",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": -0.041548,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-22",
        "end": "2025-01-03",
        "tenure": "Developing",
        "return": -0.055693,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-10",
        "end": "2025-05-09",
        "tenure": "Established",
        "return": -0.091166,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-05-23",
        "tenure": "New",
        "return": 0.040608,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-30",
        "end": "2025-06-13",
        "tenure": "New",
        "return": 0.00957,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-20",
        "end": "2025-08-08",
        "tenure": "Developing",
        "return": -0.030806,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-15",
        "end": "2025-10-10",
        "tenure": "Developing",
        "return": -0.073921,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-17",
        "end": "2025-11-07",
        "tenure": "New",
        "return": -0.058063,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-14",
        "end": "2026-05-08",
        "tenure": "Established",
        "return": -0.131739,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-15",
        "end": "2026-05-22",
        "tenure": "New",
        "return": 0.081957,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-05-29",
        "end": "2026-06-19",
        "tenure": "New",
        "return": -0.06041,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-26",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": -0.040127,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "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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      },
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      },
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      {
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      },
      {
        "date": "2026-07-24",
        "close": 1013.299988,
        "volume": 74148,
        "typical_volume": 350442.35,
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        "fair_value": 1278.043333,
        "relative_strength": -13.013042,
        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 1018.0,
        "volume": 251115,
        "typical_volume": 353384.25,
        "trend": 1054.273877,
        "fair_value": 1279.70219,
        "relative_strength": -13.965834,
        "stage": 4,
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        "modifier": "Upper balance after advance",
        "gate": "mixed",
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        "energy": 40.790283,
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      },
      {
        "date": "2026-08-07",
        "close": 1020.599976,
        "volume": 482806,
        "typical_volume": 366688.0,
        "trend": 1051.913875,
        "fair_value": 1281.346054,
        "relative_strength": -13.576689,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -18.890777,
        "energy": 37.696368,
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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."
    }
  }
}