{
  "ticker": {
    "uuid": "b9daf747-fa4b-4717-823c-389eaadd24f0",
    "symbol": "GOLDENTOBC",
    "name": "Golden Tobacco 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": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -54.085,
    "architecture_energy": 40.607,
    "architecture_maturity": 82.868,
    "architecture_confidence": 94.772,
    "architecture_tenure": "Extended",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 31.35,
        "rotation_up": 15.35,
        "upward_expansion": 6.65,
        "deceleration": 43.21,
        "rotation_down": 53.07,
        "downward_expansion": 77.65
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 24.59,
    "trend_reference": 26.899333,
    "distance_from_trend": -0.085851,
    "trend_direction": "Weakening",
    "fair_value": 38.955064,
    "distance_from_fair_value": -0.36876,
    "fair_value_direction": "Weakening",
    "relative_strength": -17.06208,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.18006,
    "excess_performance": -0.136351,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.085851,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.082623,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.36876,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.054108,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.170621,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.052345,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.18006,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.677183,
        "read": "Supply-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.669592,
      "balance": 0.677183,
      "dry_up": 1.008206,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.087121,
      "annualized_volatility": 0.492092,
      "from_high_reference": -0.344267,
      "from_low_reference": 0.208948
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    "levels": {
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      "fair_value_reference": 38.955064,
      "structural_low": 20.34,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "sample_count": 42,
        "median_return": -0.036405,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.031748,
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        "worst_return": -0.184303,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
      },
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        "horizon": "Extended",
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        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "regime": "upward_expansion",
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        "regime": "deceleration",
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        "regime": "upward_expansion",
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        "date": "2026-05-01",
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        "relative_strength": -13.090461,
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        "date": "2026-05-15",
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        "date": "2026-05-22",
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        "date": "2026-06-05",
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        "date": "2026-07-03",
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        "gate": "down",
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      },
      {
        "date": "2026-07-17",
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        "volume": 12418,
        "typical_volume": 12291.65,
        "trend": 27.626,
        "fair_value": 39.334167,
        "relative_strength": -11.62137,
        "stage": 4,
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        "modifier": "Established contraction",
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        "direction": -28.614495,
        "energy": 15.062088,
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          26.258,
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          26.028047,
          26.563591
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      },
      {
        "date": "2026-07-24",
        "close": 24.030001,
        "volume": 13625,
        "typical_volume": 12376.4,
        "trend": 27.356667,
        "fair_value": 39.217051,
        "relative_strength": -17.393232,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.192939,
        "energy": 29.841465,
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          25.548,
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          25.826095,
          26.331591
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      },
      {
        "date": "2026-07-31",
        "close": 24.99,
        "volume": 15350,
        "typical_volume": 12448.6,
        "trend": 27.108,
        "fair_value": 39.097757,
        "relative_strength": -15.680128,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -48.331192,
        "energy": 32.074352,
        "activity_lines": [
          25.230667,
          25.512182,
          25.741238,
          26.178903
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      },
      {
        "date": "2026-08-07",
        "close": 24.59,
        "volume": 8241,
        "typical_volume": 12307.5,
        "trend": 26.899333,
        "fair_value": 38.955064,
        "relative_strength": -17.06208,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.085133,
        "energy": 40.607101,
        "activity_lines": [
          24.93,
          25.339636,
          25.634333,
          26.016452
        ]
      }
    ],
    "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."
    }
  }
}