{
  "ticker": {
    "uuid": "b77e9663-d518-44a4-b5a8-fd5009ca1642",
    "symbol": "DIGISPICE",
    "name": "DiGiSPICE 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": 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": "mixed",
    "architecture_direction": -40.167,
    "architecture_energy": 51.743,
    "architecture_maturity": 31.031,
    "architecture_confidence": 76.847,
    "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": 33.85,
        "rotation_up": 21.94,
        "upward_expansion": 22.04,
        "deceleration": 39.42,
        "rotation_down": 66.75,
        "downward_expansion": 56.71
      },
      "activity_lines": [
        18.316667,
        18.977455,
        19.352095,
        19.177806
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 17.549999,
    "trend_reference": 19.241,
    "distance_from_trend": -0.087885,
    "trend_direction": "Weakening",
    "fair_value": 26.871859,
    "distance_from_fair_value": -0.3469,
    "fair_value_direction": "Weakening",
    "relative_strength": -19.17058,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.1225,
    "excess_performance": -0.078791,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.087885,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.078702,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.3469,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.123101,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.191706,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.153719,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.1225,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.118533,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 578289,
      "relative_activity": 1.589775,
      "balance": 0.118533,
      "dry_up": 1.130845,
      "accumulation_observations": 0,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.077712,
      "annualized_volatility": 0.308581,
      "from_high_reference": -0.505634,
      "from_low_reference": 0.18421
    },
    "levels": {
      "trend_reference": 19.241,
      "fair_value_reference": 26.871859,
      "structural_low": 14.82,
      "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": 19,
        "median_return": -0.038961,
        "positive_rate": 0.368421,
        "directional_follow_through": 0.368421,
        "median_excess_return": -0.060142,
        "regime_survival": 0.526316,
        "best_return": 0.893462,
        "worst_return": -0.223809,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": -0.111487,
        "positive_rate": 0.444444,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.130815,
        "regime_survival": 0.0,
        "best_return": 0.582751,
        "worst_return": -0.241966,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.021529,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.113776,
        "regime_survival": 0.285714,
        "best_return": 0.347319,
        "worst_return": -0.373467,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.235486,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.208807,
        "regime_survival": 0.25,
        "best_return": 0.054054,
        "worst_return": -0.393972,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-09-29",
        "end": "2024-02-02",
        "tenure": "Established",
        "return": 0.067239,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-02-09",
        "end": "2024-02-23",
        "tenure": "New",
        "return": -0.13941,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-03-01",
        "end": "2024-03-22",
        "tenure": "New",
        "return": -0.188889,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-03-29",
        "end": "2024-06-07",
        "tenure": "Developing",
        "return": 0.200409,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-06-14",
        "end": "2024-06-21",
        "tenure": "New",
        "return": 0.043878,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-06-28",
        "end": "2024-08-16",
        "tenure": "Developing",
        "return": -0.187486,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-23",
        "end": "2024-10-11",
        "tenure": "Developing",
        "return": -0.116544,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-10-18",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": -0.131294,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2025-06-13",
        "tenure": "Extended",
        "return": -0.059387,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-20",
        "end": "2025-08-22",
        "tenure": "Developing",
        "return": 0.167883,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-29",
        "end": "2025-10-31",
        "tenure": "Developing",
        "return": -0.013598,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-07",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": -0.086474,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-23",
        "end": "2026-05-15",
        "tenure": "Established",
        "return": -0.02439,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-08-07",
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        "return": -0.089258,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
        "close": 39.099998,
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        "typical_volume": 796673.15,
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      },
      {
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      },
      {
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        "modifier": "Established contraction",
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        "energy": 28.060407,
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        ]
      },
      {
        "date": "2026-05-01",
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        "typical_volume": 699417.1,
        "trend": 21.698333,
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 684475.9,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 673325.6,
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        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-05-29",
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      },
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        "date": "2026-06-05",
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        "relative_strength": -3.607485,
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        "modifier": "Balance after decline",
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        "direction": -3.083,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 596709.75,
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        "stage": 4,
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        "date": "2026-06-19",
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      },
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        "date": "2026-06-26",
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        "modifier": "Balance after decline",
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        "direction": -17.084905,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "stage": 4,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 470368.15,
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        "relative_strength": -7.169134,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
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      },
      {
        "date": "2026-07-17",
        "close": 19.08,
        "volume": 462683,
        "typical_volume": 424843.8,
        "trend": 19.814,
        "fair_value": 27.043718,
        "relative_strength": -11.993761,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -1.3501,
        "energy": 4.607058,
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          19.726667,
          19.854364,
          19.622048,
          19.461548
        ]
      },
      {
        "date": "2026-07-24",
        "close": 18.790001,
        "volume": 244531,
        "typical_volume": 401025.5,
        "trend": 19.602667,
        "fair_value": 27.030513,
        "relative_strength": -11.115683,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -12.429292,
        "energy": 10.943194,
        "activity_lines": [
          19.388,
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          19.599524,
          19.395484
        ]
      },
      {
        "date": "2026-07-31",
        "close": 18.1,
        "volume": 359901,
        "typical_volume": 392345.7,
        "trend": 19.421333,
        "fair_value": 26.959359,
        "relative_strength": -16.281995,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -32.746224,
        "energy": 30.772163,
        "activity_lines": [
          18.891334,
          19.356727,
          19.504095,
          19.298538
        ]
      },
      {
        "date": "2026-08-07",
        "close": 17.549999,
        "volume": 578289,
        "typical_volume": 363755.3,
        "trend": 19.241,
        "fair_value": 26.871859,
        "relative_strength": -19.17058,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -40.166573,
        "energy": 51.743435,
        "activity_lines": [
          18.316667,
          18.977455,
          19.352095,
          19.177806
        ]
      }
    ],
    "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."
    }
  }
}