{
  "ticker": {
    "uuid": "add0772a-552f-461b-a3ea-890bb9614262",
    "symbol": "INCREDIBLE",
    "name": "Incredible 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": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -54.591,
    "architecture_energy": 28.499,
    "architecture_maturity": 13.357,
    "architecture_confidence": 92.767,
    "architecture_tenure": "New",
    "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": 29.23,
        "rotation_up": 17.92,
        "upward_expansion": 2.17,
        "deceleration": 49.81,
        "rotation_down": 50.48,
        "downward_expansion": 75.5
      },
      "activity_lines": [
        32.989333,
        33.175818,
        33.871762,
        34.009312
      ],
      "activity_state": "Moderate",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 32.509998,
    "trend_reference": 34.461667,
    "distance_from_trend": -0.056633,
    "trend_direction": "Weakening",
    "fair_value": 39.659295,
    "distance_from_fair_value": -0.180268,
    "fair_value_direction": "Weakening",
    "relative_strength": -13.377088,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.089866,
    "excess_performance": -0.046157,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.056633,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.063847,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.180268,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.140721,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.133771,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.108088,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.089866,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.917345,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 36664,
      "relative_activity": 1.174392,
      "balance": 0.917345,
      "dry_up": 1.239968,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.079005,
      "annualized_volatility": 0.307171,
      "from_high_reference": -0.385096,
      "from_low_reference": 0.156939
    },
    "levels": {
      "trend_reference": 34.461667,
      "fair_value_reference": 39.659295,
      "structural_low": 28.1,
      "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": 21,
        "median_return": 0.025316,
        "positive_rate": 0.52381,
        "directional_follow_through": 0.47619,
        "median_excess_return": 0.00763,
        "regime_survival": 0.761905,
        "best_return": 0.222222,
        "worst_return": -0.165152,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.023166,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.428571,
        "median_excess_return": 0.063381,
        "regime_survival": 0.428571,
        "best_return": 0.227824,
        "worst_return": -0.089962,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.152913,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.009774,
        "regime_survival": 0.4,
        "best_return": 0.432432,
        "worst_return": -0.204633,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.134142,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.012395,
        "regime_survival": 0.333333,
        "best_return": 1.113022,
        "worst_return": -0.083012,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-09-20",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": -0.203317,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-11-22",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-02-14",
        "tenure": "Developing",
        "return": -0.300365,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-21",
        "end": "2025-05-16",
        "tenure": "Established",
        "return": 0.209773,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
        "return": 0.120406,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-06-27",
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        "return": -0.027553,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "New",
        "return": -0.013158,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-09-12",
        "tenure": "Developing",
        "return": 0.139706,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-10-24",
        "tenure": "Developing",
        "return": -0.035091,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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      {
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      {
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        "active": true
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        "volume": 45731,
        "typical_volume": 61796.0,
        "trend": 38.055333,
        "fair_value": 38.770833,
        "relative_strength": -10.121255,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -29.924898,
        "energy": 19.191743,
        "activity_lines": [
          34.691332,
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          34.514,
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        ]
      },
      {
        "date": "2026-05-08",
        "close": 37.34,
        "volume": 102751,
        "typical_volume": 64480.85,
        "trend": 37.799,
        "fair_value": 38.8775,
        "relative_strength": -2.568262,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -15.122759,
        "energy": 14.022662,
        "activity_lines": [
          35.711999,
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 35.299999,
        "volume": 40560,
        "typical_volume": 65933.35,
        "trend": 37.479,
        "fair_value": 38.974295,
        "relative_strength": -5.746956,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -13.462821,
        "energy": 10.103663,
        "activity_lines": [
          35.625999,
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        ]
      },
      {
        "date": "2026-05-22",
        "close": 35.240002,
        "volume": 24265,
        "typical_volume": 65407.4,
        "trend": 37.141334,
        "fair_value": 39.066218,
        "relative_strength": -6.092001,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -13.286314,
        "energy": 9.084094,
        "activity_lines": [
          35.502667,
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 35.52,
        "volume": 16970,
        "typical_volume": 61670.05,
        "trend": 36.812,
        "fair_value": 39.150321,
        "relative_strength": -4.253517,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -13.654304,
        "energy": 9.809341,
        "activity_lines": [
          35.554,
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 35.259998,
        "volume": 1657,
        "typical_volume": 58727.3,
        "trend": 36.488333,
        "fair_value": 39.22891,
        "relative_strength": -3.914393,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.685135,
        "energy": 7.068032,
        "activity_lines": [
          35.469333,
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      },
      {
        "date": "2026-06-12",
        "close": 34.599998,
        "volume": 2337,
        "typical_volume": 57555.75,
        "trend": 36.174,
        "fair_value": 39.289808,
        "relative_strength": -6.462352,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -26.897094,
        "energy": 11.69616,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 33.84,
        "volume": 3823,
        "typical_volume": 56139.7,
        "trend": 35.906,
        "fair_value": 39.35,
        "relative_strength": -9.792568,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 16.743584,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 32.900002,
        "volume": 0,
        "typical_volume": 54202.5,
        "trend": 35.666333,
        "fair_value": 39.402885,
        "relative_strength": -12.207005,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -44.25254,
        "energy": 27.848511,
        "activity_lines": [
          33.98,
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          34.469285,
          34.816989
        ]
      },
      {
        "date": "2026-07-03",
        "close": 33.060001,
        "volume": 1185,
        "typical_volume": 53176.6,
        "trend": 35.510333,
        "fair_value": 39.444615,
        "relative_strength": -12.25814,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -53.190765,
        "energy": 39.400767,
        "activity_lines": [
          33.525334,
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      },
      {
        "date": "2026-07-10",
        "close": 33.16,
        "volume": 50559,
        "typical_volume": 54871.7,
        "trend": 35.272667,
        "fair_value": 39.495321,
        "relative_strength": -11.463782,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -53.317632,
        "energy": 43.795822,
        "activity_lines": [
          33.268001,
          33.979273,
          34.237809,
          34.497204
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      },
      {
        "date": "2026-07-17",
        "close": 33.18,
        "volume": 10220,
        "typical_volume": 54832.75,
        "trend": 35.052667,
        "fair_value": 39.546474,
        "relative_strength": -11.576836,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.807329,
        "energy": 44.843613,
        "activity_lines": [
          33.157334,
          33.717091,
          34.152381,
          34.362193
        ]
      },
      {
        "date": "2026-07-24",
        "close": 33.389999,
        "volume": 62782,
        "typical_volume": 32625.15,
        "trend": 34.861333,
        "fair_value": 39.587115,
        "relative_strength": -8.649227,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -49.203856,
        "energy": 30.994741,
        "activity_lines": [
          33.211333,
          33.568727,
          34.095524,
          34.254925
        ]
      },
      {
        "date": "2026-07-31",
        "close": 33.150002,
        "volume": 45179,
        "typical_volume": 30815.4,
        "trend": 34.605667,
        "fair_value": 39.622372,
        "relative_strength": -11.325265,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -49.092348,
        "energy": 25.294388,
        "activity_lines": [
          33.215334,
          33.411455,
          34.014952,
          34.144516
        ]
      },
      {
        "date": "2026-08-07",
        "close": 32.509998,
        "volume": 36664,
        "typical_volume": 31219.55,
        "trend": 34.461667,
        "fair_value": 39.659295,
        "relative_strength": -13.377088,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.590552,
        "energy": 28.499219,
        "activity_lines": [
          32.989333,
          33.175818,
          33.871762,
          34.009312
        ]
      }
    ],
    "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."
    }
  }
}