{
  "ticker": {
    "uuid": "a63226b2-3420-4fe2-a2f9-dad41d45b5f4",
    "symbol": "SAFARI",
    "name": "Safari Industries (India) 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": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -46.843,
    "architecture_energy": 28.023,
    "architecture_maturity": 27.719,
    "architecture_confidence": 67.459,
    "architecture_tenure": "Developing",
    "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": 34.03,
        "rotation_up": 16.43,
        "upward_expansion": 16.76,
        "deceleration": 54.89,
        "rotation_down": 55.33,
        "downward_expansion": 62.09
      },
      "activity_lines": [
        1543.99305,
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        1560.922703,
        1575.174327
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 1486.599976,
    "trend_reference": 1642.190312,
    "distance_from_trend": -0.094746,
    "trend_direction": "Weakening",
    "fair_value": 2056.44467,
    "distance_from_fair_value": -0.277102,
    "fair_value_direction": "Weakening",
    "relative_strength": -19.817748,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.299896,
    "excess_performance": -0.256187,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.094746,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.116546,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.277102,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.021774,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.198177,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.022399,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.299896,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.086981,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 501169,
      "relative_activity": 1.894173,
      "balance": 1.086981,
      "dry_up": 0.843906,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.072013,
      "annualized_volatility": 0.425697,
      "from_high_reference": -0.407044,
      "from_low_reference": 0.090602
    },
    "levels": {
      "trend_reference": 1642.190312,
      "fair_value_reference": 2056.44467,
      "structural_low": 1363.099976,
      "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": 16,
        "median_return": 0.008605,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.012449,
        "regime_survival": 0.5,
        "best_return": 0.290128,
        "worst_return": -0.133638,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.036535,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": 0.01567,
        "regime_survival": 0.428571,
        "best_return": 0.673516,
        "worst_return": -0.15301,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.154012,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.062297,
        "regime_survival": 0.0,
        "best_return": 0.734657,
        "worst_return": -0.024256,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.073772,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.083354,
        "regime_survival": 0.0,
        "best_return": 1.36337,
        "worst_return": -0.289264,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-12-06",
        "tenure": "New",
        "return": 0.14112,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Developing",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-02-21",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-06-06",
        "tenure": "Established",
        "return": 0.026802,
        "active": false
      },
      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2025-09-05",
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        "active": false
      },
      {
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
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      {
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      },
      {
        "date": "2026-07-24",
        "close": 1538.900024,
        "volume": 78840,
        "typical_volume": 279663.95,
        "trend": 1683.640316,
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        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 1550.0,
        "volume": 189491,
        "typical_volume": 285103.7,
        "trend": 1663.023649,
        "fair_value": 2058.03215,
        "relative_strength": -16.257501,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 15.189961,
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      },
      {
        "date": "2026-08-07",
        "close": 1486.599976,
        "volume": 501169,
        "typical_volume": 264584.6,
        "trend": 1642.190312,
        "fair_value": 2056.44467,
        "relative_strength": -19.817748,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 28.023494,
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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."
    }
  }
}