{
  "ticker": {
    "uuid": "9e0f79da-3631-4e0b-9814-abdb8e378ab0",
    "symbol": "THEMISMED",
    "name": "Themis Medicare 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": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 41.649,
    "architecture_energy": 25.48,
    "architecture_maturity": 70.997,
    "architecture_confidence": 87.152,
    "architecture_tenure": "Developing",
    "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": 34.88,
        "rotation_up": 33.91,
        "upward_expansion": 65.22,
        "deceleration": 85.18,
        "rotation_down": 26.51,
        "downward_expansion": 15.22
      },
      "activity_lines": [
        109.314667,
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        106.662714,
        101.272043
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 110.5,
    "trend_reference": 95.090333,
    "distance_from_trend": 0.162053,
    "trend_direction": "Improving",
    "fair_value": 168.447798,
    "distance_from_fair_value": -0.34401,
    "fair_value_direction": "Improving",
    "relative_strength": 8.430324,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.320507,
    "excess_performance": 0.364216,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.162053,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.011165,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.34401,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.088554,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.084303,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.146915,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.320507,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.495524,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 407416,
      "relative_activity": 1.199491,
      "balance": 1.495524,
      "dry_up": 1.042836,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.094953,
      "annualized_volatility": 0.413617,
      "from_high_reference": -0.253378,
      "from_low_reference": 0.701309
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    "levels": {
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      "fair_value_reference": 168.447798,
      "structural_low": 64.949997,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 24,
        "median_return": -0.036524,
        "positive_rate": 0.416667,
        "directional_follow_through": 0.416667,
        "median_excess_return": -0.021385,
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        "worst_return": -0.17454,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.460308,
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        "horizon": "Extended",
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        "worst_return": -0.341507,
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        "regime": "rotation_down",
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        "active": false
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      },
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        "date": "2026-04-17",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "volume": 393366,
        "typical_volume": 384751.4,
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        "fair_value": 169.37554,
        "relative_strength": 8.845787,
        "stage": 1,
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        "energy": 67.916277,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 109.860001,
        "volume": 462145,
        "typical_volume": 400805.25,
        "trend": 94.604333,
        "fair_value": 169.129566,
        "relative_strength": 11.433403,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.665689,
        "energy": 51.753722,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 105.220001,
        "volume": 153901,
        "typical_volume": 344505.55,
        "trend": 94.694,
        "fair_value": 168.78843,
        "relative_strength": 4.004456,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 45.308685,
        "energy": 33.168782,
        "activity_lines": [
          109.850001,
          110.166909,
          105.581666,
          100.252301
        ]
      },
      {
        "date": "2026-08-07",
        "close": 110.5,
        "volume": 407416,
        "typical_volume": 339657.45,
        "trend": 95.090333,
        "fair_value": 168.447798,
        "relative_strength": 8.430324,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 41.649458,
        "energy": 25.480001,
        "activity_lines": [
          109.314667,
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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."
    }
  }
}