{
  "ticker": {
    "uuid": "c30e07ca-687e-42ca-93ac-558cf57c310d",
    "symbol": "THOMASCOTT",
    "name": "Thomas Scott (India) 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": 50.617,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 15.315,
    "architecture_energy": 12.151,
    "architecture_maturity": 35.728,
    "architecture_confidence": 62.957,
    "architecture_tenure": "Developing",
    "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": 51.3,
        "rotation_up": 33.54,
        "upward_expansion": 35.19,
        "deceleration": 61.94,
        "rotation_down": 29.99,
        "downward_expansion": 19.19
      },
      "activity_lines": [
        309.119997,
        310.202723,
        298.061425,
        292.307525
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 315.149994,
    "trend_reference": 292.773,
    "distance_from_trend": 0.076431,
    "trend_direction": "Weakening",
    "fair_value": 286.39064,
    "distance_from_fair_value": 0.10042,
    "fair_value_direction": "Weakening",
    "relative_strength": -0.340382,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.027165,
    "excess_performance": 0.016544,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.076431,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.061373,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.10042,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.041081,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.003404,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.039641,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.027165,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.919329,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 200214,
      "relative_activity": 1.378887,
      "balance": 0.919329,
      "dry_up": 1.148339,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.115195,
      "annualized_volatility": 0.662226,
      "from_high_reference": -0.314593,
      "from_low_reference": 0.370217
    },
    "levels": {
      "trend_reference": 292.773,
      "fair_value_reference": 286.39064,
      "structural_low": 230.0,
      "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": 3,
        "median_return": -0.026714,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.041741,
        "regime_survival": 0.333333,
        "best_return": 0.266871,
        "worst_return": -0.160922,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.141189,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.074151,
        "regime_survival": 0.0,
        "best_return": -0.136499,
        "worst_return": -0.14588,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.156574,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.163459,
        "regime_survival": 0.0,
        "best_return": -0.141811,
        "worst_return": -0.171336,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.020876,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.0725,
        "regime_survival": 0.0,
        "best_return": -0.020876,
        "worst_return": -0.020876,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-12-13",
        "end": "2024-12-20",
        "tenure": "New",
        "return": 0.272931,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-27",
        "end": "2025-02-07",
        "tenure": "Developing",
        "return": -0.022963,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-02-14",
        "end": "2025-03-28",
        "tenure": "Developing",
        "return": -0.239241,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-04",
        "end": "2025-04-25",
        "tenure": "New",
        "return": 0.064929,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-05-02",
        "end": "2025-05-16",
        "tenure": "New",
        "return": 0.097385,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-06-06",
        "tenure": "New",
        "return": -0.029677,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-06-13",
        "end": "2025-06-20",
        "tenure": "New",
        "return": -0.025176,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-27",
        "end": "2025-07-18",
        "tenure": "New",
        "return": -0.151376,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-25",
        "end": "2025-11-07",
        "tenure": "Established",
        "return": 0.269651,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-11-14",
        "end": "2026-01-02",
        "tenure": "Developing",
        "return": -0.143301,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-09",
        "end": "2026-02-06",
        "tenure": "Developing",
        "return": -0.004456,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-13",
        "end": "2026-06-12",
        "tenure": "Established",
        "return": -0.212658,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-07-03",
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        "return": 0.053946,
        "active": false
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      {
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        "return": -0.026714,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 17033.05,
        "trend": 51.833334,
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      },
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      },
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      },
      {
        "date": "2026-05-01",
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        "date": "2026-05-08",
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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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      {
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        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 152308.85,
        "trend": 296.443001,
        "fair_value": 280.391923,
        "relative_strength": 3.628952,
        "stage": 1,
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        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 23.925833,
        "energy": 49.52685,
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      },
      {
        "date": "2026-07-17",
        "close": 311.149994,
        "volume": 142103,
        "typical_volume": 156124.1,
        "trend": 296.028,
        "fair_value": 281.904423,
        "relative_strength": -0.804811,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 30.124108,
        "energy": 51.481517,
        "activity_lines": [
          320.013326,
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          290.98533,
          289.960149
        ]
      },
      {
        "date": "2026-07-24",
        "close": 307.049988,
        "volume": 134335,
        "typical_volume": 156279.6,
        "trend": 295.123,
        "fair_value": 283.391281,
        "relative_strength": 0.328381,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 28.580665,
        "energy": 36.775181,
        "activity_lines": [
          315.623324,
          307.900902,
          293.585139,
          290.671245
        ]
      },
      {
        "date": "2026-07-31",
        "close": 298.450012,
        "volume": 190302,
        "typical_volume": 151766.9,
        "trend": 293.114666,
        "fair_value": 284.835512,
        "relative_strength": -4.822455,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 22.188091,
        "energy": 17.05283,
        "activity_lines": [
          308.843331,
          307.903633,
          295.148521,
          290.885891
        ]
      },
      {
        "date": "2026-08-07",
        "close": 315.149994,
        "volume": 200214,
        "typical_volume": 145199.7,
        "trend": 292.773,
        "fair_value": 286.39064,
        "relative_strength": -0.340382,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 15.314532,
        "energy": 12.151276,
        "activity_lines": [
          309.119997,
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          298.061425,
          292.307525
        ]
      }
    ],
    "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."
    }
  }
}