{
  "ticker": {
    "uuid": "c9577fee-309a-4f0e-b55d-30d98a39017a",
    "symbol": "ENIL",
    "name": "Entertainment Network (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": 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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -66.08,
    "architecture_energy": 41.215,
    "architecture_maturity": 11.625,
    "architecture_confidence": 90.007,
    "architecture_tenure": "New",
    "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": 33.03,
        "rotation_up": 16.41,
        "upward_expansion": 5.37,
        "deceleration": 45.87,
        "rotation_down": 56.88,
        "downward_expansion": 78.71
      },
      "activity_lines": [
        105.362,
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        108.849143,
        109.138796
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 102.080002,
    "trend_reference": 109.800667,
    "distance_from_trend": -0.070315,
    "trend_direction": "Weakening",
    "fair_value": 168.942241,
    "distance_from_fair_value": -0.39577,
    "fair_value_direction": "Weakening",
    "relative_strength": -15.783584,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.085714,
    "excess_performance": -0.042005,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.070315,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.039098,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.39577,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.1138,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.157836,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.119959,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.085714,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.906221,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 164338,
      "relative_activity": 1.877278,
      "balance": 0.906221,
      "dry_up": 1.49993,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.060707,
      "annualized_volatility": 0.24247,
      "from_high_reference": -0.40803,
      "from_low_reference": 0.035609
    },
    "levels": {
      "trend_reference": 109.800667,
      "fair_value_reference": 168.942241,
      "structural_low": 98.57,
      "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": 31,
        "median_return": -0.0281,
        "positive_rate": 0.387097,
        "directional_follow_through": 0.612903,
        "median_excess_return": -0.03676,
        "regime_survival": 0.870968,
        "best_return": 0.145894,
        "worst_return": -0.14358,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.103626,
        "positive_rate": 0.363636,
        "directional_follow_through": 0.636364,
        "median_excess_return": -0.062534,
        "regime_survival": 0.636364,
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        "worst_return": -0.208405,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.016817,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.031012,
        "regime_survival": 0.333333,
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        "worst_return": -0.290435,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
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        "best_return": 0.195449,
        "worst_return": -0.210692,
        "sufficient": false
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        "active": false
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      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-05-24",
        "tenure": "Developing",
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        "active": false
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        "regime": "downward_expansion",
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        "end": "2025-05-30",
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        "active": false
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        "regime": "balance",
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        "active": false
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        "regime": "upward_expansion",
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        "active": false
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          108.524287,
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      },
      {
        "date": "2026-04-17",
        "close": 114.889999,
        "volume": 69820,
        "typical_volume": 116734.45,
        "trend": 120.733334,
        "fair_value": 170.71327,
        "relative_strength": -10.968768,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 21.042554,
        "activity_lines": [
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      },
      {
        "date": "2026-04-24",
        "close": 116.18,
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        "typical_volume": 115547.55,
        "trend": 119.208667,
        "fair_value": 170.645173,
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        "stage": 4,
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        "energy": 12.438041,
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 107649.55,
        "trend": 117.935,
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        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
        "close": 122.599998,
        "volume": 47521,
        "typical_volume": 104371.2,
        "trend": 117.108,
        "fair_value": 170.744967,
        "relative_strength": -3.787709,
        "stage": 4,
        "regime": "balance",
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        "gate": "mixed",
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      },
      {
        "date": "2026-05-15",
        "close": 116.07,
        "volume": 63989,
        "typical_volume": 94813.45,
        "trend": 116.112333,
        "fair_value": 170.739219,
        "relative_strength": -6.589048,
        "stage": 4,
        "regime": "rotation_up",
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        "gate": "mixed",
        "direction": 21.594473,
        "energy": 37.505077,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 90378.65,
        "trend": 115.075,
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        "relative_strength": -11.4979,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
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        "direction": 10.173689,
        "energy": 21.238923,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 85488.7,
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        "fair_value": 170.653969,
        "relative_strength": -11.021713,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 84532.7,
        "trend": 113.55,
        "fair_value": 170.628131,
        "relative_strength": -6.945681,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -8.828822,
        "energy": 11.373654,
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      },
      {
        "date": "2026-06-12",
        "close": 109.919998,
        "volume": 11325,
        "typical_volume": 80441.9,
        "trend": 112.825667,
        "fair_value": 170.526773,
        "relative_strength": -9.904433,
        "stage": 4,
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        "modifier": "Upper balance after advance",
        "gate": "mixed",
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      },
      {
        "date": "2026-06-19",
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        "relative_strength": -10.495067,
        "stage": 4,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 0,
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        "trend": 111.680334,
        "fair_value": 170.277348,
        "relative_strength": -11.991127,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -32.72483,
        "energy": 18.76452,
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      },
      {
        "date": "2026-07-03",
        "close": 104.800003,
        "volume": 192947,
        "typical_volume": 75835.15,
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        "fair_value": 170.09104,
        "relative_strength": -15.160226,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
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        "energy": 38.928843,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "volume": 180235,
        "typical_volume": 78750.2,
        "trend": 110.939,
        "fair_value": 169.912152,
        "relative_strength": -13.636222,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -49.830353,
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        "activity_lines": [
          106.994668,
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      },
      {
        "date": "2026-07-17",
        "close": 107.639999,
        "volume": 279456,
        "typical_volume": 87193.6,
        "trend": 110.78,
        "fair_value": 169.728129,
        "relative_strength": -12.164034,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -47.033085,
        "energy": 46.192804,
        "activity_lines": [
          106.900667,
          108.253454,
          110.210714,
          110.169527
        ]
      },
      {
        "date": "2026-07-24",
        "close": 105.629997,
        "volume": 34619,
        "typical_volume": 84738.05,
        "trend": 110.554,
        "fair_value": 169.488457,
        "relative_strength": -11.258754,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.065386,
        "energy": 54.426475,
        "activity_lines": [
          106.288666,
          107.54909,
          109.798666,
          109.837269
        ]
      },
      {
        "date": "2026-07-31",
        "close": 108.0,
        "volume": 46806,
        "typical_volume": 83647.35,
        "trend": 110.352333,
        "fair_value": 169.242127,
        "relative_strength": -11.073874,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.605526,
        "energy": 35.824415,
        "activity_lines": [
          106.797333,
          107.465454,
          109.611761,
          109.672494
        ]
      },
      {
        "date": "2026-08-07",
        "close": 102.080002,
        "volume": 164338,
        "typical_volume": 87540.6,
        "trend": 109.800667,
        "fair_value": 168.942241,
        "relative_strength": -15.783584,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.079667,
        "energy": 41.215033,
        "activity_lines": [
          105.362,
          106.338909,
          108.849143,
          109.138796
        ]
      }
    ],
    "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."
    }
  }
}