{
  "ticker": {
    "uuid": "ab7d9f3f-7712-42e0-8a3b-fe30805d9167",
    "symbol": "INDUSTOWER",
    "name": "Indus Towers 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": 79.661,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -67.346,
    "architecture_energy": 47.308,
    "architecture_maturity": 18.959,
    "architecture_confidence": 78.171,
    "architecture_tenure": "Developing",
    "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": 19.5,
        "rotation_up": 17.4,
        "upward_expansion": 6.05,
        "deceleration": 48.67,
        "rotation_down": 60.3,
        "downward_expansion": 79.38
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 386.0,
    "trend_reference": 422.776666,
    "distance_from_trend": -0.086988,
    "trend_direction": "Weakening",
    "fair_value": 346.416026,
    "distance_from_fair_value": 0.114267,
    "fair_value_direction": "Weakening",
    "relative_strength": -4.053706,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.129356,
    "excess_performance": -0.085647,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.086988,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.010238,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.114267,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.126308,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.040537,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.086139,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.129356,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.591823,
        "read": "Demand-led"
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    ],
    "volume": {
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      "dry_up": 0.860318,
      "accumulation_observations": 4,
      "distribution_observations": 2
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    "risk": {
      "range_context": 0.04993,
      "annualized_volatility": 0.23526,
      "from_high_reference": -0.198339,
      "from_low_reference": 0.235002
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    "levels": {
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      "structural_low": 371.799988,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "horizon": "Near term",
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        "directional_follow_through": 0.333333,
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      },
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
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        "date": "2026-04-17",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 23293655.35,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 23281146.5,
        "trend": 426.054999,
        "fair_value": 343.643269,
        "relative_strength": 1.883425,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -62.998717,
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      },
      {
        "date": "2026-07-31",
        "close": 391.100006,
        "volume": 25174663,
        "typical_volume": 23751860.25,
        "trend": 424.356666,
        "fair_value": 345.041346,
        "relative_strength": -1.802669,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.104236,
        "energy": 42.275549,
        "activity_lines": [
          396.000002,
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      },
      {
        "date": "2026-08-07",
        "close": 386.0,
        "volume": 18869739,
        "typical_volume": 23777966.25,
        "trend": 422.776666,
        "fair_value": 346.416026,
        "relative_strength": -4.053706,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.345841,
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        "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."
    }
  }
}