{
  "ticker": {
    "uuid": "c3a98802-fc66-4b55-b781-43f1476a4bd8",
    "symbol": "JUSTDIAL",
    "name": "Just Dial 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": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "up",
    "architecture_direction": 66.804,
    "architecture_energy": 87.885,
    "architecture_maturity": 21.522,
    "architecture_confidence": 81.388,
    "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": 18.66,
        "rotation_up": 78.3,
        "upward_expansion": 95.32,
        "deceleration": 44.67,
        "rotation_down": 8.01,
        "downward_expansion": 21.99
      },
      "activity_lines": [
        704.666663,
        654.413633,
        603.187141,
        586.760322
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 683.299988,
    "trend_reference": 584.501668,
    "distance_from_trend": 0.16903,
    "trend_direction": "Weakening",
    "fair_value": 847.278527,
    "distance_from_fair_value": -0.193536,
    "fair_value_direction": "Improving",
    "relative_strength": 3.602777,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.020308,
    "excess_performance": 0.064017,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.16903,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.062447,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.193536,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.173553,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.036028,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.275048,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.020308,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 8.278082,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1469834,
      "relative_activity": 0.253857,
      "balance": 8.278082,
      "dry_up": 4.530888,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.072932,
      "annualized_volatility": 0.53409,
      "from_high_reference": -0.222285,
      "from_low_reference": 0.42206
    },
    "levels": {
      "trend_reference": 584.501668,
      "fair_value_reference": 847.278527,
      "structural_low": 480.5,
      "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": 2,
        "median_return": -0.023196,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.006939,
        "regime_survival": 0.0,
        "best_return": 0.049177,
        "worst_return": -0.095569,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.102106,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.069977,
        "regime_survival": 0.0,
        "best_return": 0.001184,
        "worst_return": -0.205397,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.010251,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.071998,
        "regime_survival": 0.0,
        "best_return": 0.281289,
        "worst_return": -0.301791,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.007829,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.069595,
        "regime_survival": 0.0,
        "best_return": 0.244889,
        "worst_return": -0.260547,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-11-24",
        "end": "2023-12-08",
        "tenure": "New",
        "return": 0.058865,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-12-15",
        "end": "2023-12-22",
        "tenure": "New",
        "return": -0.011239,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2023-12-29",
        "end": "2024-01-12",
        "tenure": "New",
        "return": 0.088444,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-01-19",
        "end": "2024-05-31",
        "tenure": "Established",
        "return": 0.101619,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-06-07",
        "end": "2024-06-28",
        "tenure": "New",
        "return": 0.066732,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-09-20",
        "tenure": "Developing",
        "return": 0.155918,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-09-27",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": -0.071603,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-22",
        "end": "2024-12-06",
        "tenure": "New",
        "return": 0.050445,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-13",
        "end": "2024-12-20",
        "tenure": "New",
        "return": -0.056414,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-27",
        "end": "2025-04-25",
        "tenure": "Established",
        "return": -0.075402,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-02",
        "end": "2025-08-08",
        "tenure": "Established",
        "return": -0.119521,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-09-05",
        "tenure": "New",
        "return": 0.000366,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "Extended",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "New",
        "return": -0.109475,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
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        "trend": 584.501668,
        "fair_value": 847.278527,
        "relative_strength": 3.602777,
        "stage": 1,
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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."
    }
  }
}