{
  "ticker": {
    "uuid": "bde222b9-14ae-4476-b05d-d20cb0a5c00d",
    "symbol": "AROGRANITE",
    "name": "Aro Granite Industries 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": "down",
    "architecture_direction": -36.802,
    "architecture_energy": 21.596,
    "architecture_maturity": 25.67,
    "architecture_confidence": 79.048,
    "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": 46.49,
        "rotation_up": 14.81,
        "upward_expansion": 13.03,
        "deceleration": 52.6,
        "rotation_down": 47.87,
        "downward_expansion": 65.37
      },
      "activity_lines": [
        25.248667,
        25.345273,
        25.549905,
        25.513269
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 25.33,
    "trend_reference": 25.87,
    "distance_from_trend": -0.020874,
    "trend_direction": "Weakening",
    "fair_value": 42.808077,
    "distance_from_fair_value": -0.408289,
    "fair_value_direction": "Weakening",
    "relative_strength": -13.450783,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.146851,
    "excess_performance": -0.103142,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.020874,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.076357,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.408289,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.033332,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.134508,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.00382,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.146851,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.540015,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 84473,
      "relative_activity": 1.695001,
      "balance": 0.540015,
      "dry_up": 0.922405,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.06675,
      "annualized_volatility": 0.437398,
      "from_high_reference": -0.444883,
      "from_low_reference": 0.356722
    },
    "levels": {
      "trend_reference": 25.87,
      "fair_value_reference": 42.808077,
      "structural_low": 18.67,
      "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": 23,
        "median_return": -0.043365,
        "positive_rate": 0.304348,
        "directional_follow_through": 0.304348,
        "median_excess_return": -0.032468,
        "regime_survival": 0.608696,
        "best_return": 0.17779,
        "worst_return": -0.176429,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.08656,
        "positive_rate": 0.3,
        "directional_follow_through": 0.3,
        "median_excess_return": -0.124146,
        "regime_survival": 0.4,
        "best_return": 0.293242,
        "worst_return": -0.306024,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.180494,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.198121,
        "regime_survival": 0.166667,
        "best_return": 0.136739,
        "worst_return": -0.384172,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.288164,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.303338,
        "regime_survival": 0.5,
        "best_return": 0.285063,
        "worst_return": -0.386736,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-03-08",
        "end": "2024-03-22",
        "tenure": "New",
        "return": -0.074656,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-03-29",
        "end": "2024-04-19",
        "tenure": "New",
        "return": 0.121381,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-04-26",
        "end": "2024-07-05",
        "tenure": "Developing",
        "return": 0.110968,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-12",
        "end": "2024-08-16",
        "tenure": "Developing",
        "return": -0.063798,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-23",
        "end": "2024-09-06",
        "tenure": "New",
        "return": -0.042053,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-13",
        "end": "2024-10-04",
        "tenure": "New",
        "return": -0.057336,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-11",
        "end": "2024-10-25",
        "tenure": "New",
        "return": -0.116527,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-01",
        "end": "2024-11-22",
        "tenure": "New",
        "return": -0.112428,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-29",
        "end": "2025-06-06",
        "tenure": "Extended",
        "return": -0.205978,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-13",
        "end": "2025-07-04",
        "tenure": "New",
        "return": 0.004719,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-11",
        "end": "2025-07-18",
        "tenure": "New",
        "return": -0.031008,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-25",
        "end": "2025-11-14",
        "tenure": "Established",
        "return": -0.120181,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-21",
        "end": "2026-05-15",
        "tenure": "Established",
        "return": -0.200791,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-22",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.007834,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
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        "typical_volume": 121256.95,
        "trend": 29.751667,
        "fair_value": 44.428782,
        "relative_strength": -16.455919,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.492881,
        "energy": 19.901639,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 117408.0,
        "trend": 29.355333,
        "fair_value": 44.338782,
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        "energy": 23.695614,
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      },
      {
        "date": "2026-05-08",
        "close": 27.66,
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        "typical_volume": 117432.15,
        "trend": 29.053333,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 116392.2,
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        "relative_strength": -15.075403,
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        "modifier": "Established contraction",
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        "direction": -21.245955,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 95886.95,
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        "relative_strength": -17.22965,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 86740.85,
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        "relative_strength": -15.29349,
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        "modifier": "Balance after decline",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 84568.85,
        "trend": 27.641667,
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        "relative_strength": -16.117556,
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        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 18.764649,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 80685.35,
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        "fair_value": 43.770128,
        "relative_strength": -17.594808,
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        "regime": "balance",
        "modifier": "Balance after decline",
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      {
        "date": "2026-06-26",
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        "volume": 0,
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        "modifier": "Balance after decline",
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        "energy": 15.938747,
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      },
      {
        "date": "2026-07-03",
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        "trend": 26.775667,
        "fair_value": 43.445449,
        "relative_strength": -15.114794,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 14.305904,
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      },
      {
        "date": "2026-07-10",
        "close": 25.290001,
        "volume": 29467,
        "typical_volume": 67085.9,
        "trend": 26.622333,
        "fair_value": 43.326795,
        "relative_strength": -14.937438,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -34.322986,
        "energy": 13.403755,
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          25.579334,
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      },
      {
        "date": "2026-07-17",
        "close": 25.0,
        "volume": 14110,
        "typical_volume": 54169.85,
        "trend": 26.446,
        "fair_value": 43.210769,
        "relative_strength": -15.660312,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -49.698794,
        "energy": 24.278487,
        "activity_lines": [
          25.387333,
          25.454364,
          25.519286,
          25.699441
        ]
      },
      {
        "date": "2026-07-24",
        "close": 25.01,
        "volume": 33502,
        "typical_volume": 54148.5,
        "trend": 26.233667,
        "fair_value": 43.100256,
        "relative_strength": -12.979584,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.329928,
        "energy": 29.287591,
        "activity_lines": [
          25.178,
          25.356727,
          25.508381,
          25.606796
        ]
      },
      {
        "date": "2026-07-31",
        "close": 25.440001,
        "volume": 51793,
        "typical_volume": 49681.15,
        "trend": 25.986,
        "fair_value": 42.946667,
        "relative_strength": -13.127931,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -46.40601,
        "energy": 25.621249,
        "activity_lines": [
          25.222667,
          25.360182,
          25.537953,
          25.555592
        ]
      },
      {
        "date": "2026-08-07",
        "close": 25.33,
        "volume": 84473,
        "typical_volume": 49836.55,
        "trend": 25.87,
        "fair_value": 42.808077,
        "relative_strength": -13.450783,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -36.802075,
        "energy": 21.596334,
        "activity_lines": [
          25.248667,
          25.345273,
          25.549905,
          25.513269
        ]
      }
    ],
    "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."
    }
  }
}