{
  "ticker": {
    "uuid": "a30f6026-3f02-476f-a00c-34119644ef4a",
    "symbol": "DALMIASUG",
    "name": "Dalmia Bharat Sugar and Industries 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": "Re-acceleration watch",
    "architecture_gate": "up",
    "architecture_direction": 79.26,
    "architecture_energy": 68.52,
    "architecture_maturity": 38.288,
    "architecture_confidence": 80.309,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 27.34,
        "rotation_up": 73.71,
        "upward_expansion": 86.12,
        "deceleration": 45.81,
        "rotation_down": 9.37,
        "downward_expansion": 12.78
      },
      "activity_lines": [
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        350.331248
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 404.399994,
    "trend_reference": 335.990558,
    "distance_from_trend": 0.203605,
    "trend_direction": "Improving",
    "fair_value": 373.745706,
    "distance_from_fair_value": 0.082019,
    "fair_value_direction": "Improving",
    "relative_strength": 21.5537,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.417005,
    "excess_performance": 0.460714,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.203605,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.054931,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.082019,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.056613,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.215537,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.075062,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.417005,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 7.948893,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 15196951,
      "relative_activity": 3.572267,
      "balance": 7.948893,
      "dry_up": 0.999687,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.068701,
      "annualized_volatility": 0.379768,
      "from_high_reference": -0.052927,
      "from_low_reference": 0.569872
    },
    "levels": {
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      "fair_value_reference": 373.745706,
      "structural_low": 278.600006,
      "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": -0.043702,
        "positive_rate": 0.363636,
        "directional_follow_through": 0.363636,
        "median_excess_return": -0.089387,
        "regime_survival": 0.636364,
        "best_return": 0.118864,
        "worst_return": -0.141671,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
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        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.132571,
        "regime_survival": 0.0,
        "best_return": 0.000981,
        "worst_return": -0.224099,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.11102,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.160314,
        "regime_survival": 0.0,
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        "worst_return": -0.296485,
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      },
      {
        "horizon": "Full cycle",
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        "directional_follow_through": 0.0,
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        "worst_return": -0.189647,
        "sufficient": false
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        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
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      {
        "regime": "rotation_up",
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        "regime": "upward_expansion",
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        "active": false
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 3567103.5,
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        "fair_value": 373.216815,
        "relative_strength": 9.12513,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
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      },
      {
        "date": "2026-07-17",
        "close": 367.399994,
        "volume": 928527,
        "typical_volume": 3595313.2,
        "trend": 327.659153,
        "fair_value": 373.222621,
        "relative_strength": 11.80386,
        "stage": 2,
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        "modifier": "Recompressing",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 3567242.2,
        "trend": 329.885927,
        "fair_value": 373.256183,
        "relative_strength": 12.737823,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 43.965066,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 350.899994,
        "volume": 338531,
        "typical_volume": 3540183.0,
        "trend": 331.813349,
        "fair_value": 373.273045,
        "relative_strength": 6.608632,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 39.816211,
        "energy": 31.998395,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 404.399994,
        "volume": 15196951,
        "typical_volume": 4254147.05,
        "trend": 335.990558,
        "fair_value": 373.745706,
        "relative_strength": 21.5537,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 79.260124,
        "energy": 68.519872,
        "activity_lines": [
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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."
    }
  }
}