{
  "ticker": {
    "uuid": "cba20359-1036-4df2-8c58-ef43ceec0bfd",
    "symbol": "INDIANHUME",
    "name": "The Indian Hume Pipe Company 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": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 71.181,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "mixed",
    "architecture_direction": 42.516,
    "architecture_energy": 70.874,
    "architecture_maturity": 17.63,
    "architecture_confidence": 74.082,
    "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": 18.02,
        "rotation_up": 77.48,
        "upward_expansion": 68.45,
        "deceleration": 18.1,
        "rotation_down": 16.32,
        "downward_expansion": 24.45
      },
      "activity_lines": [
        389.571008,
        370.203593,
        348.168718,
        342.088309
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 392.100006,
    "trend_reference": 342.331442,
    "distance_from_trend": 0.145381,
    "trend_direction": "Weakening",
    "fair_value": 353.380434,
    "distance_from_fair_value": 0.109569,
    "fair_value_direction": "Improving",
    "relative_strength": 10.252341,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.004998,
    "excess_performance": 0.048707,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.145381,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.042974,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.109569,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.114439,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.102523,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.170486,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.004998,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.127553,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 394118,
      "relative_activity": 0.448036,
      "balance": 5.127553,
      "dry_up": 1.742241,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.075561,
      "annualized_volatility": 0.33777,
      "from_high_reference": -0.086014,
      "from_low_reference": 0.400357
    },
    "levels": {
      "trend_reference": 342.331442,
      "fair_value_reference": 353.380434,
      "structural_low": 280.0,
      "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": 9,
        "median_return": -0.040094,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.042747,
        "regime_survival": 0.444444,
        "best_return": 0.189434,
        "worst_return": -0.105288,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.081375,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.098908,
        "regime_survival": 0.0,
        "best_return": 0.387175,
        "worst_return": -0.210086,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.213866,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.192304,
        "regime_survival": 0.0,
        "best_return": 0.322791,
        "worst_return": -0.285577,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.180544,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.174662,
        "regime_survival": 0.0,
        "best_return": 0.700262,
        "worst_return": -0.323962,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-20",
        "end": "2024-12-20",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-27",
        "end": "2025-04-04",
        "tenure": "Established",
        "return": 0.041469,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-11",
        "end": "2025-04-18",
        "tenure": "New",
        "return": 0.032134,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-04-25",
        "end": "2025-06-06",
        "tenure": "Developing",
        "return": 0.074515,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-13",
        "end": "2025-08-29",
        "tenure": "Developing",
        "return": -0.148547,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-09-05",
        "end": "2025-09-19",
        "tenure": "New",
        "return": -0.003653,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-09-26",
        "end": "2025-10-03",
        "tenure": "New",
        "return": 0.020049,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-10",
        "end": "2025-12-05",
        "tenure": "Developing",
        "return": 0.133092,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-12-12",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": -0.058189,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-23",
        "end": "2026-02-27",
        "tenure": "Developing",
        "return": -0.108803,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-06",
        "end": "2026-03-13",
        "tenure": "New",
        "return": 0.038572,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-20",
        "end": "2026-07-03",
        "tenure": "Established",
        "return": 0.062386,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-10",
        "end": "2026-07-17",
        "tenure": "New",
        "return": 0.098023,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.012786,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 1152110.8,
        "trend": 172.088831,
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      },
      {
        "date": "2023-08-25",
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      },
      {
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      },
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      },
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      },
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      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 866499.2,
        "trend": 344.893108,
        "fair_value": 350.958133,
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        "stage": 1,
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        "modifier": "Balance after decline",
        "gate": "mixed",
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        "energy": 54.645764,
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      },
      {
        "date": "2026-07-24",
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        "volume": 322180,
        "typical_volume": 878182.35,
        "trend": 343.943108,
        "fair_value": 351.836629,
        "relative_strength": 12.414396,
        "stage": 1,
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        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 45.899321,
        "energy": 68.007761,
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          375.455436,
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      },
      {
        "date": "2026-07-31",
        "close": 390.75,
        "volume": 328501,
        "typical_volume": 869355.45,
        "trend": 342.841442,
        "fair_value": 352.59443,
        "relative_strength": 10.678419,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 44.416922,
        "energy": 71.86839,
        "activity_lines": [
          384.365175,
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      },
      {
        "date": "2026-08-07",
        "close": 392.100006,
        "volume": 394118,
        "typical_volume": 879656.3,
        "trend": 342.331442,
        "fair_value": 353.380434,
        "relative_strength": 10.252341,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 42.516063,
        "energy": 70.873583,
        "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."
    }
  }
}