{
  "ticker": {
    "uuid": "b8f2c64b-2dd6-4b7d-a50d-114d1dd1823b",
    "symbol": "PUNJABCHEM",
    "name": "Punjab Chemicals and Crop Protection 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": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 78.721,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "up",
    "architecture_direction": 57.361,
    "architecture_energy": 53.794,
    "architecture_maturity": 9.323,
    "architecture_confidence": 76.936,
    "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": 34.47,
        "rotation_up": 67.06,
        "upward_expansion": 86.3,
        "deceleration": 44.28,
        "rotation_down": 11.01,
        "downward_expansion": 10.63
      },
      "activity_lines": [
        1127.729403,
        1103.063875,
        1076.176419,
        1068.027384
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 1111.099976,
    "trend_reference": 1066.790287,
    "distance_from_trend": 0.041536,
    "trend_direction": "Weakening",
    "fair_value": 1128.541497,
    "distance_from_fair_value": -0.015455,
    "fair_value_direction": "Weakening",
    "relative_strength": -2.885195,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.034162,
    "excess_performance": 0.009547,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.041536,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.056628,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.015455,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.025472,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.028852,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.005254,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.034162,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.173582,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 47636,
      "relative_activity": 0.744138,
      "balance": 4.173582,
      "dry_up": 2.016008,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.078477,
      "annualized_volatility": 0.477499,
      "from_high_reference": -0.275637,
      "from_low_reference": 0.267511
    },
    "levels": {
      "trend_reference": 1066.790287,
      "fair_value_reference": 1128.541497,
      "structural_low": 876.599976,
      "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": 0.060869,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.034652,
        "regime_survival": 0.25,
        "best_return": 0.170203,
        "worst_return": -0.0597,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.141191,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.141343,
        "regime_survival": 0.0,
        "best_return": 0.25753,
        "worst_return": -0.115829,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.001961,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.119213,
        "regime_survival": 0.0,
        "best_return": 0.352166,
        "worst_return": -0.240071,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.163636,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.043693,
        "regime_survival": 0.0,
        "best_return": 0.260464,
        "worst_return": 0.066808,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-12",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": -0.052138,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-16",
        "end": "2024-10-11",
        "tenure": "Developing",
        "return": -0.081816,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-10-18",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": -0.134025,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2025-04-11",
        "tenure": "Established",
        "return": 0.008996,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-18",
        "end": "2025-04-25",
        "tenure": "New",
        "return": -0.039634,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-02",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.071654,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-06",
        "end": "2025-12-05",
        "tenure": "Extended",
        "return": 0.224217,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-12",
        "end": "2026-01-02",
        "tenure": "New",
        "return": -0.062639,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "tenure": "New",
        "return": -0.023892,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-23",
        "end": "2026-05-08",
        "tenure": "Established",
        "return": 0.124099,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
        "return": -0.104312,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2026-06-26",
        "tenure": "New",
        "return": 0.026562,
        "active": false
      },
      {
        "regime": "balance",
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      {
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        "return": -0.009362,
        "active": true
      }
    ],
    "chart_path": [
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      },
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        "date": "2026-03-27",
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      {
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      },
      {
        "date": "2026-07-24",
        "close": 1121.599976,
        "volume": 28853,
        "typical_volume": 49132.15,
        "trend": 1067.436951,
        "fair_value": 1126.710507,
        "relative_strength": 0.618182,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 29.919409,
        "energy": 38.563082,
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      },
      {
        "date": "2026-07-31",
        "close": 1143.800049,
        "volume": 299605,
        "typical_volume": 62983.2,
        "trend": 1066.306954,
        "fair_value": 1127.764952,
        "relative_strength": 0.412894,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 35.198708,
        "energy": 51.493467,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 1111.099976,
        "volume": 47636,
        "typical_volume": 64015.0,
        "trend": 1066.790287,
        "fair_value": 1128.541497,
        "relative_strength": -2.885195,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 57.361321,
        "energy": 53.79381,
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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."
    }
  }
}