{
  "ticker": {
    "uuid": "ad9fc95f-3674-4a89-ad60-4b9d5cf0bd1e",
    "symbol": "RAJRILTD",
    "name": "Raj Rayon 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": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 56.897,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "mixed",
    "architecture_direction": 2.739,
    "architecture_energy": 10.978,
    "architecture_maturity": 29.536,
    "architecture_confidence": 51.903,
    "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": 63.58,
        "rotation_up": 22.43,
        "upward_expansion": 22.6,
        "deceleration": 66.86,
        "rotation_down": 45.0,
        "downward_expansion": 31.6
      },
      "activity_lines": [
        21.334,
        21.636909,
        21.374952,
        21.37071
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 21.85,
    "trend_reference": 21.413333,
    "distance_from_trend": 0.020392,
    "trend_direction": "Weakening",
    "fair_value": 24.410769,
    "distance_from_fair_value": -0.104903,
    "fair_value_direction": "Improving",
    "relative_strength": -3.471595,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.0,
    "excess_performance": 0.043709,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.020392,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.022847,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.104903,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.127359,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.034716,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.073306,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.0,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.384887,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 58384,
      "relative_activity": 1.681216,
      "balance": 0.384887,
      "dry_up": 1.327545,
      "accumulation_observations": 2,
      "distribution_observations": 6
    },
    "risk": {
      "range_context": 0.052737,
      "annualized_volatility": 0.299477,
      "from_high_reference": -0.243945,
      "from_low_reference": 0.125708
    },
    "levels": {
      "trend_reference": 21.413333,
      "fair_value_reference": 24.410769,
      "structural_low": 19.41,
      "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": 10,
        "median_return": 0.058269,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.044746,
        "regime_survival": 0.2,
        "best_return": 0.301057,
        "worst_return": -0.10673,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.111476,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.078316,
        "regime_survival": 0.166667,
        "best_return": 0.4,
        "worst_return": -0.14569,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.032062,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.089276,
        "regime_survival": 0.0,
        "best_return": 0.245459,
        "worst_return": -0.806,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.006223,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.013059,
        "regime_survival": 0.333333,
        "best_return": 0.03,
        "worst_return": -0.101505,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-31",
        "end": "2025-02-14",
        "tenure": "New",
        "return": 0.225485,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-02-21",
        "end": "2025-03-07",
        "tenure": "New",
        "return": -0.167637,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-14",
        "end": "2025-04-25",
        "tenure": "Developing",
        "return": 0.142064,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-02",
        "end": "2025-05-09",
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        "return": -0.073434,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-05-23",
        "tenure": "New",
        "return": 0.103594,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-30",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": -0.020194,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-07-25",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": 0.018227,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-03",
        "end": "2025-10-10",
        "tenure": "New",
        "return": -0.075128,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-10-24",
        "tenure": "New",
        "return": 0.011331,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-31",
        "end": "2025-11-14",
        "tenure": "New",
        "return": 0.047189,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-21",
        "end": "2026-06-19",
        "tenure": "Extended",
        "return": -0.121027,
        "active": false
      },
      {
        "regime": "balance",
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        "return": -0.003,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "return": -0.04927,
        "active": false
      },
      {
        "regime": "balance",
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        "return": 0.049976,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 45057.2,
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      },
      {
        "date": "2026-05-01",
        "close": 21.33,
        "volume": 26480,
        "typical_volume": 43543.9,
        "trend": 22.499667,
        "fair_value": 27.527308,
        "relative_strength": -8.728301,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.088985,
        "energy": 16.299878,
        "activity_lines": [
          21.393333,
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      },
      {
        "date": "2026-05-08",
        "close": 20.99,
        "volume": 47244,
        "typical_volume": 43068.7,
        "trend": 22.354,
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        "relative_strength": -10.802226,
        "stage": 4,
        "regime": "downward_expansion",
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        "gate": "down",
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        "energy": 17.479872,
        "activity_lines": [
          21.313333,
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 20.65,
        "volume": 61552,
        "typical_volume": 41839.05,
        "trend": 22.218667,
        "fair_value": 27.18109,
        "relative_strength": -10.142558,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.824205,
        "energy": 22.804728,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
        "close": 19.82,
        "volume": 66842,
        "typical_volume": 43155.5,
        "trend": 22.046333,
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        "relative_strength": -13.663366,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.123979,
        "energy": 47.370153,
        "activity_lines": [
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          21.201095,
          21.491935
        ]
      },
      {
        "date": "2026-05-29",
        "close": 20.4,
        "volume": 40492,
        "typical_volume": 43325.9,
        "trend": 21.914,
        "fair_value": 26.769359,
        "relative_strength": -10.107156,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "direction": -56.21458,
        "energy": 50.490444,
        "activity_lines": [
          20.436,
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          21.105476,
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      },
      {
        "date": "2026-06-05",
        "close": 20.389999,
        "volume": 3064,
        "typical_volume": 41816.4,
        "trend": 21.794,
        "fair_value": 26.513526,
        "relative_strength": -8.903088,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.975286,
        "energy": 51.834204,
        "activity_lines": [
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          21.015762,
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      },
      {
        "date": "2026-06-12",
        "close": 20.25,
        "volume": 5251,
        "typical_volume": 40264.05,
        "trend": 21.618333,
        "fair_value": 26.217051,
        "relative_strength": -9.807952,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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      },
      {
        "date": "2026-06-19",
        "close": 21.57,
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        "typical_volume": 39775.4,
        "trend": 21.519333,
        "fair_value": 25.921026,
        "relative_strength": -5.08973,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.179523,
        "energy": 18.043383,
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      },
      {
        "date": "2026-06-26",
        "close": 23.33,
        "volume": 0,
        "typical_volume": 37527.9,
        "trend": 21.547667,
        "fair_value": 25.622821,
        "relative_strength": 2.728334,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 30.931956,
        "energy": 24.535974,
        "activity_lines": [
          21.657333,
          21.157818,
          21.129952,
          21.301484
        ]
      },
      {
        "date": "2026-07-03",
        "close": 23.26,
        "volume": 5926,
        "typical_volume": 36524.6,
        "trend": 21.595,
        "fair_value": 25.366795,
        "relative_strength": 1.859765,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 36.679273,
        "energy": 47.745968,
        "activity_lines": [
          22.348,
          21.559273,
          21.303952,
          21.411957
        ]
      },
      {
        "date": "2026-07-10",
        "close": 21.92,
        "volume": 37220,
        "typical_volume": 33723.8,
        "trend": 21.6,
        "fair_value": 25.140641,
        "relative_strength": -3.443515,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 21.477823,
        "energy": 43.392976,
        "activity_lines": [
          22.401333,
          21.690364,
          21.354333,
          21.432925
        ]
      },
      {
        "date": "2026-07-17",
        "close": 21.540001,
        "volume": 35030,
        "typical_volume": 33523.85,
        "trend": 21.538333,
        "fair_value": 24.946987,
        "relative_strength": -5.295352,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 19.954146,
        "energy": 45.877866,
        "activity_lines": [
          22.226,
          21.741636,
          21.375571,
          21.429054
        ]
      },
      {
        "date": "2026-07-24",
        "close": 20.84,
        "volume": 41380,
        "typical_volume": 33306.1,
        "trend": 21.453,
        "fair_value": 24.780256,
        "relative_strength": -5.703254,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 0.064645,
        "energy": 9.519944,
        "activity_lines": [
          21.731334,
          21.655636,
          21.336762,
          21.384
        ]
      },
      {
        "date": "2026-07-31",
        "close": 20.809999,
        "volume": 49614,
        "typical_volume": 33995.9,
        "trend": 21.413,
        "fair_value": 24.607564,
        "relative_strength": -7.795697,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -21.405695,
        "energy": 17.750293,
        "activity_lines": [
          21.275333,
          21.560727,
          21.304619,
          21.342516
        ]
      },
      {
        "date": "2026-08-07",
        "close": 21.85,
        "volume": 58384,
        "typical_volume": 34727.25,
        "trend": 21.413333,
        "fair_value": 24.410769,
        "relative_strength": -3.471595,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 2.738776,
        "energy": 10.978062,
        "activity_lines": [
          21.334,
          21.636909,
          21.374952,
          21.37071
        ]
      }
    ],
    "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."
    }
  }
}