{
  "ticker": {
    "uuid": "b206a917-0e05-4e4d-ba25-1bd87c2af5da",
    "symbol": "ONWARDTEC",
    "name": "Onward Technologies 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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 37.835,
    "architecture_energy": 55.217,
    "architecture_maturity": 14.493,
    "architecture_confidence": 64.531,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 18.15,
        "rotation_up": 68.96,
        "upward_expansion": 63.62,
        "deceleration": 20.35,
        "rotation_down": 19.68,
        "downward_expansion": 19.62
      },
      "activity_lines": [
        289.990002,
        282.938077,
        270.845334,
        266.387128
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 290.700012,
    "trend_reference": 268.877481,
    "distance_from_trend": 0.081162,
    "trend_direction": "Weakening",
    "fair_value": 368.167459,
    "distance_from_fair_value": -0.210414,
    "fair_value_direction": "Improving",
    "relative_strength": 3.625371,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.098185,
    "excess_performance": -0.054476,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.081162,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.014413,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.210414,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.095912,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.036254,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.096042,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.098185,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.93769,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 278916,
      "relative_activity": 0.413223,
      "balance": 4.93769,
      "dry_up": 2.913512,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.066733,
      "annualized_volatility": 0.391554,
      "from_high_reference": -0.185714,
      "from_low_reference": 0.395918
    },
    "levels": {
      "trend_reference": 268.877481,
      "fair_value_reference": 368.167459,
      "structural_low": 208.25,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": -0.084565,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.049861,
        "regime_survival": 0.25,
        "best_return": 0.096393,
        "worst_return": -0.223825,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.127123,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.07057,
        "regime_survival": 0.0,
        "best_return": 0.031206,
        "worst_return": -0.166419,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.098185,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.054476,
        "regime_survival": 0.333333,
        "best_return": 0.465799,
        "worst_return": -0.105298,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.335566,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.323106,
        "regime_survival": 0.0,
        "best_return": 0.892266,
        "worst_return": -0.221134,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-03-22",
        "end": "2024-07-26",
        "tenure": "Established",
        "return": 0.033621,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-02",
        "end": "2024-10-25",
        "tenure": "Established",
        "return": -0.208926,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-01",
        "end": "2025-05-23",
        "tenure": "Extended",
        "return": -0.142878,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.000675,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.096393,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-08-15",
        "tenure": "Developing",
        "return": -0.136887,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-22",
        "end": "2025-11-21",
        "tenure": "Established",
        "return": -0.166124,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-28",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": 0.124868,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "New",
        "return": 0.079807,
        "active": false
      },
      {
        "regime": "rotation_up",
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        "return": -0.099581,
        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "New",
        "return": -0.146803,
        "active": false
      },
      {
        "regime": "downward_expansion",
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        "return": 0.061262,
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      },
      {
        "regime": "balance",
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      {
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    ],
    "chart_path": [
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        "date": "2023-08-18",
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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": 5729929,
        "typical_volume": 611006.0,
        "trend": 269.009148,
        "fair_value": 373.480596,
        "relative_strength": 2.121157,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 29.232215,
        "energy": 55.249755,
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          280.908394,
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      },
      {
        "date": "2026-07-24",
        "close": 290.649994,
        "volume": 1041330,
        "typical_volume": 651564.95,
        "trend": 269.53248,
        "fair_value": 371.731295,
        "relative_strength": 6.570843,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 40.907903,
        "energy": 60.953544,
        "activity_lines": [
          285.923594,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 292.100006,
        "volume": 816029,
        "typical_volume": 678833.45,
        "trend": 269.145813,
        "fair_value": 370.103564,
        "relative_strength": 4.701297,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 40.561853,
        "energy": 58.827305,
        "activity_lines": [
          288.696663,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 290.700012,
        "volume": 278916,
        "typical_volume": 674976.15,
        "trend": 268.877481,
        "fair_value": 368.167459,
        "relative_strength": 3.625371,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 37.835213,
        "energy": 55.21717,
        "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."
    }
  }
}