{
  "ticker": {
    "uuid": "a4356b7f-5757-4fa0-b365-9b24733c2fde",
    "symbol": "KEI",
    "name": "KEI 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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "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": 53.707,
    "architecture_energy": 25.398,
    "architecture_maturity": 58.518,
    "architecture_confidence": 96,
    "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": 32.39,
        "rotation_up": 28.98,
        "upward_expansion": 54.3,
        "deceleration": 90.48,
        "rotation_down": 33.23,
        "downward_expansion": 22.63
      },
      "activity_lines": [
        5170.833333,
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        5163.719527,
        5020.933178
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 5600.0,
    "trend_reference": 4820.270988,
    "distance_from_trend": 0.16176,
    "trend_direction": "Improving",
    "fair_value": 3902.860195,
    "distance_from_fair_value": 0.434845,
    "fair_value_direction": "Improving",
    "relative_strength": 24.362472,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.254874,
    "excess_performance": 0.298583,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.16176,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.077739,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.434845,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.04002,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.243625,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.029289,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.254874,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.149278,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5701158,
      "relative_activity": 3.456474,
      "balance": 3.149278,
      "dry_up": 1.500894,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.056234,
      "annualized_volatility": 0.393208,
      "from_high_reference": -0.008762,
      "from_low_reference": 0.510326
    },
    "levels": {
      "trend_reference": 4820.270988,
      "fair_value_reference": 3902.860195,
      "structural_low": 3937.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 7,
        "median_return": 0.057585,
        "positive_rate": 0.857143,
        "directional_follow_through": 0.857143,
        "median_excess_return": 0.050361,
        "regime_survival": 0.428571,
        "best_return": 0.261745,
        "worst_return": -0.088854,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.061798,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.049366,
        "regime_survival": 0.0,
        "best_return": 0.145484,
        "worst_return": -0.044993,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.219418,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.243874,
        "regime_survival": 0.0,
        "best_return": 0.39435,
        "worst_return": -0.051531,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.286665,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.275884,
        "regime_survival": 0.0,
        "best_return": 0.673728,
        "worst_return": -0.100397,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2023-02-10",
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        "return": 0.127371,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-07-26",
        "tenure": "Extended",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-08-30",
        "tenure": "Developing",
        "return": 0.08563,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-11-01",
        "tenure": "Developing",
        "return": -0.034534,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-11-15",
        "tenure": "New",
        "return": -0.044049,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-12-06",
        "tenure": "New",
        "return": 0.126538,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-02-14",
        "tenure": "Developing",
        "return": -0.232331,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-21",
        "end": "2025-05-30",
        "tenure": "Established",
        "return": -0.060932,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-08-01",
        "tenure": "Developing",
        "return": 0.018277,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
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      {
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        "active": false
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        "active": true
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "stage": 2,
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        "energy": 22.961883,
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      },
      {
        "date": "2026-08-07",
        "close": 5600.0,
        "volume": 5701158,
        "typical_volume": 1649414.4,
        "trend": 4820.270988,
        "fair_value": 3902.860195,
        "relative_strength": 24.362472,
        "stage": 2,
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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."
    }
  }
}