{
  "ticker": {
    "uuid": "b7a77463-1000-4aaf-b76b-06f6e41ecc45",
    "symbol": "NAGREEKEXP",
    "name": "Nagreeka Exports 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": 96.0,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -37.01,
    "architecture_energy": 59.507,
    "architecture_maturity": 11.432,
    "architecture_confidence": 72.863,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 23.11,
        "rotation_up": 16.54,
        "upward_expansion": 21.06,
        "deceleration": 43.27,
        "rotation_down": 73.01,
        "downward_expansion": 65.06
      },
      "activity_lines": [
        22.717333,
        23.902363,
        25.065857,
        24.973161
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 22.67,
    "trend_reference": 24.991667,
    "distance_from_trend": -0.092898,
    "trend_direction": "Weakening",
    "fair_value": 30.87956,
    "distance_from_fair_value": -0.265857,
    "fair_value_direction": "Weakening",
    "relative_strength": -13.4148,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.145173,
    "excess_performance": -0.101464,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.092898,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.0245,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.265857,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.171525,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.134148,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.202538,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.145173,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.375774,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 38740,
      "relative_activity": 0.733148,
      "balance": 0.375774,
      "dry_up": 0.997377,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.100031,
      "annualized_volatility": 0.46388,
      "from_high_reference": -0.43325,
      "from_low_reference": 0.295429
    },
    "levels": {
      "trend_reference": 24.991667,
      "fair_value_reference": 30.87956,
      "structural_low": 17.5,
      "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": 2,
        "median_return": 0.077176,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.049923,
        "regime_survival": 0.0,
        "best_return": 0.147727,
        "worst_return": 0.006625,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.005444,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.002382,
        "regime_survival": 0.0,
        "best_return": 0.157467,
        "worst_return": -0.168355,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.117769,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.088259,
        "regime_survival": 0.0,
        "best_return": 0.160714,
        "worst_return": 0.074825,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.613636,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.424694,
        "regime_survival": 0.0,
        "best_return": 0.613636,
        "worst_return": 0.613636,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-10-04",
        "end": "2024-12-06",
        "tenure": "Developing",
        "return": -0.043536,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-13",
        "end": "2025-02-14",
        "tenure": "Developing",
        "return": -0.2068,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-21",
        "end": "2025-05-30",
        "tenure": "Established",
        "return": -0.075441,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-08-01",
        "tenure": "Developing",
        "return": -0.138898,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-08",
        "end": "2025-09-05",
        "tenure": "Developing",
        "return": 0.020801,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-12",
        "end": "2025-09-19",
        "tenure": "New",
        "return": 0.141867,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-26",
        "end": "2025-10-31",
        "tenure": "Developing",
        "return": -0.103194,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-07",
        "end": "2025-12-12",
        "tenure": "Developing",
        "return": -0.042364,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-12-19",
        "end": "2025-12-26",
        "tenure": "New",
        "return": 0.036243,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-02",
        "end": "2026-05-01",
        "tenure": "Established",
        "return": 0.051072,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-05-08",
        "end": "2026-06-19",
        "tenure": "Developing",
        "return": -0.013238,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-06-26",
        "end": "2026-07-03",
        "tenure": "New",
        "return": -0.035405,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-10",
        "end": "2026-07-24",
        "tenure": "New",
        "return": -0.038637,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.051972,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 23.480999,
        "volume": 65719,
        "typical_volume": 389330.95,
        "trend": 21.735963,
        "fair_value": 18.232214,
        "relative_strength": 2.917945,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "activity_lines": [
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      },
      {
        "date": "2023-08-25",
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      },
      {
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      },
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      },
      {
        "date": "2023-09-15",
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      },
      {
        "date": "2023-09-22",
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      },
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        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -9.018889,
        "energy": 13.858423,
        "activity_lines": [
          24.904666,
          23.747818,
          24.232381,
          24.914989
        ]
      },
      {
        "date": "2026-05-01",
        "close": 26.959999,
        "volume": 35444,
        "typical_volume": 63742.9,
        "trend": 25.958667,
        "fair_value": 30.808412,
        "relative_strength": 3.999984,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 9.189625,
        "energy": 23.764319,
        "activity_lines": [
          26.108666,
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          24.441857,
          24.96428
        ]
      },
      {
        "date": "2026-05-08",
        "close": 27.950001,
        "volume": 39421,
        "typical_volume": 64156.05,
        "trend": 25.835,
        "fair_value": 30.861206,
        "relative_strength": 6.839028,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 24.924011,
        "energy": 32.652735,
        "activity_lines": [
          27.096666,
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 26.33,
        "volume": 66388,
        "typical_volume": 66099.1,
        "trend": 25.734667,
        "fair_value": 30.901324,
        "relative_strength": 3.008163,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 19.224145,
        "energy": 30.198745,
        "activity_lines": [
          27.028,
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      },
      {
        "date": "2026-05-22",
        "close": 26.120001,
        "volume": 13559,
        "typical_volume": 57163.25,
        "trend": 25.641,
        "fair_value": 30.939744,
        "relative_strength": 2.036879,
        "stage": 1,
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        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 16.843623,
        "energy": 28.314802,
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          25.149548
        ]
      },
      {
        "date": "2026-05-29",
        "close": 28.549999,
        "volume": 98795,
        "typical_volume": 60420.9,
        "trend": 25.619333,
        "fair_value": 30.958137,
        "relative_strength": 12.244443,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 35.901777,
        "energy": 28.972935,
        "activity_lines": [
          27.272,
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      },
      {
        "date": "2026-06-05",
        "close": 26.91,
        "volume": 8860,
        "typical_volume": 56973.2,
        "trend": 25.58,
        "fair_value": 30.974126,
        "relative_strength": 6.649592,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 23.789727,
        "energy": 19.655459,
        "activity_lines": [
          27.181333,
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          25.528762,
          25.420495
        ]
      },
      {
        "date": "2026-06-12",
        "close": 26.76,
        "volume": 7510,
        "typical_volume": 55488.85,
        "trend": 25.555333,
        "fair_value": 30.942622,
        "relative_strength": 4.960008,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 21.969244,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "volume": 1587,
        "typical_volume": 53146.05,
        "trend": 25.558667,
        "fair_value": 30.944222,
        "relative_strength": 6.39638,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 52.539522,
        "energy": 30.82265,
        "activity_lines": [
          27.259333,
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          25.627247
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      },
      {
        "date": "2026-06-26",
        "close": 26.549999,
        "volume": 0,
        "typical_volume": 50765.5,
        "trend": 25.532,
        "fair_value": 30.944507,
        "relative_strength": 2.321603,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 38.288055,
        "energy": 21.124125,
        "activity_lines": [
          27.048,
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          26.032238,
          25.691204
        ]
      },
      {
        "date": "2026-07-03",
        "close": 25.610001,
        "volume": 7260,
        "typical_volume": 47380.0,
        "trend": 25.484333,
        "fair_value": 30.936652,
        "relative_strength": -2.06133,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 32.579461,
        "energy": 15.132811,
        "activity_lines": [
          26.494667,
          26.791818,
          26.061333,
          25.696237
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      },
      {
        "date": "2026-07-10",
        "close": 24.07,
        "volume": 94583,
        "typical_volume": 50615.55,
        "trend": 25.39,
        "fair_value": 30.923508,
        "relative_strength": -7.481445,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 10.975314,
        "energy": 11.306656,
        "activity_lines": [
          25.624,
          26.271455,
          25.944,
          25.604989
        ]
      },
      {
        "date": "2026-07-17",
        "close": 23.860001,
        "volume": 26245,
        "typical_volume": 50554.3,
        "trend": 25.33,
        "fair_value": 30.914481,
        "relative_strength": -8.586769,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -20.649395,
        "energy": 22.337558,
        "activity_lines": [
          24.872667,
          25.765455,
          25.815667,
          25.50628
        ]
      },
      {
        "date": "2026-07-24",
        "close": 23.139999,
        "volume": 53659,
        "typical_volume": 51910.8,
        "trend": 25.215,
        "fair_value": 30.913881,
        "relative_strength": -9.098394,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -28.062207,
        "energy": 40.737375,
        "activity_lines": [
          24.074667,
          25.202909,
          25.625143,
          25.364989
        ]
      },
      {
        "date": "2026-07-31",
        "close": 21.549999,
        "volume": 92164,
        "typical_volume": 54240.05,
        "trend": 25.078333,
        "fair_value": 30.895687,
        "relative_strength": -17.274437,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.583056,
        "energy": 57.755601,
        "activity_lines": [
          23.042666,
          24.409273,
          25.287857,
          25.128538
        ]
      },
      {
        "date": "2026-08-07",
        "close": 22.67,
        "volume": 38740,
        "typical_volume": 52840.6,
        "trend": 24.991667,
        "fair_value": 30.87956,
        "relative_strength": -13.4148,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.010309,
        "energy": 59.507282,
        "activity_lines": [
          22.717333,
          23.902363,
          25.065857,
          24.973161
        ]
      }
    ],
    "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."
    }
  }
}