{
  "ticker": {
    "uuid": "b8e6dacc-d413-4d2b-aa1f-476e3b680f4e",
    "symbol": "JUBLPHARMA",
    "name": "Jubilant Pharmova 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": 85.704,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 8.422,
    "architecture_energy": 7.337,
    "architecture_maturity": 33.134,
    "architecture_confidence": 62.62,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 69.45,
        "rotation_up": 22.01,
        "upward_expansion": 47.38,
        "deceleration": 80.78,
        "rotation_down": 28.79,
        "downward_expansion": 27.71
      },
      "activity_lines": [
        952.703361,
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        963.625675,
        946.987968
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 932.0,
    "trend_reference": 935.60271,
    "distance_from_trend": -0.003851,
    "trend_direction": "Weakening",
    "fair_value": 873.759031,
    "distance_from_fair_value": 0.066656,
    "fair_value_direction": "Weakening",
    "relative_strength": -5.954795,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.006026,
    "excess_performance": 0.037683,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.003851,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.041196,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.066656,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.157085,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.059548,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.064231,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.006026,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.705488,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 653217,
      "relative_activity": 1.171199,
      "balance": 0.705488,
      "dry_up": 1.338822,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.047549,
      "annualized_volatility": 0.242022,
      "from_high_reference": -0.213369,
      "from_low_reference": 0.185675
    },
    "levels": {
      "trend_reference": 935.60271,
      "fair_value_reference": 873.759031,
      "structural_low": 786.049988,
      "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": 12,
        "median_return": 0.00972,
        "positive_rate": 0.583333,
        "directional_follow_through": 0.583333,
        "median_excess_return": 0.009016,
        "regime_survival": 0.583333,
        "best_return": 0.266241,
        "worst_return": -0.113037,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.063713,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.078387,
        "regime_survival": 0.2,
        "best_return": 0.500507,
        "worst_return": -0.149538,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.319861,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.227671,
        "regime_survival": 0.0,
        "best_return": 1.147654,
        "worst_return": -0.194321,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.668116,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.484454,
        "regime_survival": 0.0,
        "best_return": 1.307836,
        "worst_return": 0.028397,
        "sufficient": false
      }
    ],
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-15",
        "end": "2024-03-15",
        "tenure": "Established",
        "return": 0.113933,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-03-22",
        "end": "2024-04-05",
        "tenure": "New",
        "return": 0.1411,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-04-12",
        "end": "2024-12-13",
        "tenure": "Extended",
        "return": 0.757873,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-01-17",
        "tenure": "Developing",
        "return": -0.113037,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-02-28",
        "tenure": "Developing",
        "return": -0.021145,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-07",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.039007,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-05-23",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-30",
        "end": "2025-06-27",
        "tenure": "Developing",
        "return": 8.5e-05,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-04",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": -0.111798,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-11-14",
        "tenure": "Established",
        "return": 0.044691,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-21",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": -0.096143,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-30",
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        "return": 0.008402,
        "active": false
      },
      {
        "regime": "rotation_up",
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      {
        "regime": "deceleration",
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        "active": true
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        "date": "2026-04-03",
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      {
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "relative_strength": -0.061528,
        "stage": 1,
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      },
      {
        "date": "2026-07-31",
        "close": 935.150024,
        "volume": 643443,
        "typical_volume": 553983.4,
        "trend": 940.009375,
        "fair_value": 870.621077,
        "relative_strength": -5.239572,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 25.462683,
        "energy": 14.738038,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 932.0,
        "volume": 653217,
        "typical_volume": 557733.35,
        "trend": 935.60271,
        "fair_value": 873.759031,
        "relative_strength": -5.954795,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
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        "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."
    }
  }
}