{
  "ticker": {
    "uuid": "a4f47756-9771-49f1-99d4-0a836a166f9c",
    "symbol": "HINDWAREAP",
    "name": "Hindware Home Innovation 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "mixed",
    "architecture_direction": -15.652,
    "architecture_energy": 26.144,
    "architecture_maturity": 20.559,
    "architecture_confidence": 61.521,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 56.24,
        "rotation_up": 16.92,
        "upward_expansion": 17.18,
        "deceleration": 68.24,
        "rotation_down": 62.91,
        "downward_expansion": 42.18
      },
      "activity_lines": [
        221.663329,
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        231.292522,
        227.608364
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 221.039993,
    "trend_reference": 225.636999,
    "distance_from_trend": -0.020373,
    "trend_direction": "Weakening",
    "fair_value": 330.261386,
    "distance_from_fair_value": -0.330712,
    "fair_value_direction": "Improving",
    "relative_strength": -15.868346,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.120449,
    "excess_performance": -0.07674,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.020373,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.088804,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.330712,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.005325,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.158683,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.052486,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.120449,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.734441,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 261131,
      "relative_activity": 0.234415,
      "balance": 5.734441,
      "dry_up": 0.382005,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.083584,
      "annualized_volatility": 0.434601,
      "from_high_reference": -0.437128,
      "from_low_reference": 0.296422
    },
    "levels": {
      "trend_reference": 225.636999,
      "fair_value_reference": 330.261386,
      "structural_low": 170.5,
      "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": 11,
        "median_return": 0.012992,
        "positive_rate": 0.545455,
        "directional_follow_through": 0.545455,
        "median_excess_return": 0.004803,
        "regime_survival": 0.454545,
        "best_return": 0.301075,
        "worst_return": -0.055527,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.05311,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.002808,
        "regime_survival": 0.2,
        "best_return": 0.618992,
        "worst_return": -0.262548,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.038445,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.048648,
        "regime_survival": 0.0,
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        "worst_return": -0.37406,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.049609,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.29068,
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        "best_return": -0.012541,
        "worst_return": -0.339758,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
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        "end": "2024-07-05",
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
      },
      {
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      },
      {
        "regime": "rotation_down",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "Extended",
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        "active": false
      },
      {
        "regime": "rotation_up",
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        "return": 0.000739,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-07-25",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "color": "amber",
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        "end": "2025-08-22",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Established",
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      {
        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      },
      {
        "regime": "balance",
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      {
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      {
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        "active": true
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      },
      {
        "date": "2026-04-17",
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        "date": "2026-06-26",
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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": 422016,
        "typical_volume": 1162020.65,
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        "fair_value": 337.719895,
        "relative_strength": -13.509734,
        "stage": 1,
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        "gate": "mixed",
        "direction": 21.475141,
        "energy": 19.380735,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 211.899994,
        "volume": 608589,
        "typical_volume": 1163977.6,
        "trend": 228.253999,
        "fair_value": 335.080113,
        "relative_strength": -17.238829,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 12.160503,
        "energy": 11.989668,
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          230.925332,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 220.449997,
        "volume": 410430,
        "typical_volume": 1147975.1,
        "trend": 226.535666,
        "fair_value": 332.461867,
        "relative_strength": -15.777357,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -3.739371,
        "energy": 16.074293,
        "activity_lines": [
          225.189997,
          233.540725,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 221.039993,
        "volume": 261131,
        "typical_volume": 1113967.85,
        "trend": 225.636999,
        "fair_value": 330.261386,
        "relative_strength": -15.868346,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -15.652188,
        "energy": 26.144031,
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          221.663329,
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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."
    }
  }
}