{
  "ticker": {
    "uuid": "c6a260bd-5830-4755-a6d8-d06d231385bb",
    "symbol": "PFOCUS",
    "name": "Prime Focus 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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Structural repair",
    "architecture_gate": "mixed",
    "architecture_direction": 30.636,
    "architecture_energy": 36.194,
    "architecture_maturity": 12.54,
    "architecture_confidence": 81.894,
    "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": 45.59,
        "rotation_up": 67.12,
        "upward_expansion": 49.21,
        "deceleration": 40.34,
        "rotation_down": 16.11,
        "downward_expansion": 9.88
      },
      "activity_lines": [
        285.996,
        268.624365,
        265.810191,
        270.15157
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 287.600006,
    "trend_reference": 269.104667,
    "distance_from_trend": 0.068729,
    "trend_direction": "Improving",
    "fair_value": 155.475,
    "distance_from_fair_value": 0.849815,
    "fair_value_direction": "Weakening",
    "relative_strength": 23.568979,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.09491,
    "excess_performance": 0.138619,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.068729,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.075869,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.849815,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.252004,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.23569,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.286603,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.09491,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.664984,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3526936,
      "relative_activity": 0.617417,
      "balance": 0.664984,
      "dry_up": 0.780179,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.098762,
      "annualized_volatility": 0.541625,
      "from_high_reference": -0.216349,
      "from_low_reference": 1.06847
    },
    "levels": {
      "trend_reference": 269.104667,
      "fair_value_reference": 155.475,
      "structural_low": 209.940002,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": -0.004741,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.016535,
        "regime_survival": 0.166667,
        "best_return": 0.465796,
        "worst_return": -0.19591,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.056132,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.046042,
        "regime_survival": 0.0,
        "best_return": 0.601567,
        "worst_return": -0.23197,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.036792,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.066756,
        "regime_survival": 0.0,
        "best_return": 0.912446,
        "worst_return": -0.218515,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.197925,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.007318,
        "regime_survival": 0.0,
        "best_return": 1.01671,
        "worst_return": -0.249731,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-02",
        "end": "2024-09-20",
        "tenure": "Developing",
        "return": -0.026135,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-09-27",
        "end": "2024-10-11",
        "tenure": "New",
        "return": 0.029625,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-18",
        "end": "2024-11-01",
        "tenure": "New",
        "return": -0.147293,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-08",
        "end": "2024-11-29",
        "tenure": "New",
        "return": -0.031648,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-06",
        "end": "2024-12-13",
        "tenure": "New",
        "return": 0.042025,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-20",
        "end": "2025-01-24",
        "tenure": "Developing",
        "return": -0.171433,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-31",
        "end": "2025-05-23",
        "tenure": "Established",
        "return": -0.05329,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-30",
        "end": "2025-06-13",
        "tenure": "New",
        "return": 0.112155,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-20",
        "end": "2025-07-11",
        "tenure": "New",
        "return": 0.375022,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2026-05-15",
        "tenure": "Extended",
        "return": 0.470728,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-05-22",
        "end": "2026-06-05",
        "tenure": "New",
        "return": -0.010138,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-06-12",
        "end": "2026-07-17",
        "tenure": "Developing",
        "return": 0.209805,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-24",
        "end": "2026-07-31",
        "tenure": "New",
        "return": -0.007536,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
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        "date": "2023-08-25",
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      },
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      },
      {
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      },
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      },
      {
        "date": "2026-07-17",
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        "stage": 2,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 7449702.25,
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        "fair_value": 153.075898,
        "relative_strength": 31.479315,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 19.745981,
        "energy": 25.788046,
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      },
      {
        "date": "2026-07-31",
        "close": 287.109985,
        "volume": 5280453,
        "typical_volume": 6844958.85,
        "trend": 267.192,
        "fair_value": 154.231731,
        "relative_strength": 25.674242,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 19.508574,
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        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 287.600006,
        "volume": 3526936,
        "typical_volume": 5712403.85,
        "trend": 269.104667,
        "fair_value": 155.475,
        "relative_strength": 23.568979,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 30.636057,
        "energy": 36.193538,
        "activity_lines": [
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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."
    }
  }
}