{
  "ticker": {
    "uuid": "9f602311-0edd-42c9-81fa-486ed17f66cf",
    "symbol": "TATAELXSI",
    "name": "Tata Elxsi 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": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -64.337,
    "architecture_energy": 60.153,
    "architecture_maturity": 57.657,
    "architecture_confidence": 83.363,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 9.26,
        "rotation_up": 18.15,
        "upward_expansion": 10.09,
        "deceleration": 48.15,
        "rotation_down": 64.46,
        "downward_expansion": 83.42
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 3781.0,
    "trend_reference": 4300.088354,
    "distance_from_trend": -0.120716,
    "trend_direction": "Weakening",
    "fair_value": 6198.165022,
    "distance_from_fair_value": -0.389981,
    "fair_value_direction": "Weakening",
    "relative_strength": -19.848029,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.272675,
    "excess_performance": -0.228966,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.120716,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.102389,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.389981,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.044962,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.19848,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.021545,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.272675,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.489878,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1257855,
      "relative_activity": 0.933764,
      "balance": 1.489878,
      "dry_up": 2.00415,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.056645,
      "annualized_volatility": 0.287561,
      "from_high_reference": -0.364538,
      "from_low_reference": 0.127344
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    "levels": {
      "trend_reference": 4300.088354,
      "fair_value_reference": 6198.165022,
      "structural_low": 3353.899902,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 25,
        "median_return": -0.010015,
        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.025979,
        "regime_survival": 0.8,
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        "worst_return": -0.151806,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
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        "positive_rate": 0.375,
        "directional_follow_through": 0.625,
        "median_excess_return": 0.001146,
        "regime_survival": 0.5,
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        "worst_return": -0.239615,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
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        "worst_return": -0.257011,
        "sufficient": false
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      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "regime": "upward_expansion",
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      {
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      {
        "date": "2026-08-07",
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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."
    }
  }
}