{
  "ticker": {
    "uuid": "cc7363bd-83df-4daa-b1fa-fcd5578564a5",
    "symbol": "TIMKEN",
    "name": "Timken 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 55.459,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -27.309,
    "architecture_energy": 56.869,
    "architecture_maturity": 6.274,
    "architecture_confidence": 63.445,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 29.58,
        "rotation_up": 14.56,
        "upward_expansion": 27.08,
        "deceleration": 49.49,
        "rotation_down": 70.66,
        "downward_expansion": 56.74
      },
      "activity_lines": [
        3212.571387,
        3297.578542,
        3410.716287,
        3409.157894
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 3351.0,
    "trend_reference": 3362.525334,
    "distance_from_trend": -0.003428,
    "trend_direction": "Improving",
    "fair_value": 3212.234934,
    "distance_from_fair_value": 0.043199,
    "fair_value_direction": "Weakening",
    "relative_strength": 4.659298,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.034738,
    "excess_performance": 0.078447,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.003428,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.034908,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.043199,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.080014,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.046593,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.129831,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.034738,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.003384,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 303981,
      "relative_activity": 1.237596,
      "balance": 1.003384,
      "dry_up": 1.189722,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.053631,
      "annualized_volatility": 0.315097,
      "from_high_reference": -0.112318,
      "from_low_reference": 0.196572
    },
    "levels": {
      "trend_reference": 3362.525334,
      "fair_value_reference": 3212.234934,
      "structural_low": 3000.0,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 3,
        "median_return": -0.012813,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.018539,
        "regime_survival": 0.333333,
        "best_return": 0.005071,
        "worst_return": -0.040057,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.052303,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.088267,
        "regime_survival": 0.0,
        "best_return": 0.06033,
        "worst_return": -0.164935,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.126047,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.199684,
        "regime_survival": 0.0,
        "best_return": -0.032575,
        "worst_return": -0.219519,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.060455,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.105102,
        "regime_survival": 0.0,
        "best_return": 0.192707,
        "worst_return": -0.071798,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-01-05",
        "end": "2024-02-23",
        "tenure": "Developing",
        "return": -0.129911,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-03-01",
        "end": "2024-05-03",
        "tenure": "Developing",
        "return": 0.251463,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-05-10",
        "end": "2024-05-17",
        "tenure": "New",
        "return": 0.239587,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-07-19",
        "tenure": "Developing",
        "return": -0.05682,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-07-26",
        "end": "2024-10-25",
        "tenure": "Established",
        "return": -0.158515,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-01",
        "end": "2024-11-08",
        "tenure": "New",
        "return": -0.006282,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-15",
        "end": "2025-05-09",
        "tenure": "Established",
        "return": -0.137836,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-05-23",
        "tenure": "New",
        "return": -0.047674,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-30",
        "end": "2025-06-27",
        "tenure": "Developing",
        "return": 0.073161,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-04",
        "end": "2025-08-08",
        "tenure": "Developing",
        "return": -0.124019,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-15",
        "end": "2025-10-10",
        "tenure": "Developing",
        "return": 0.052756,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-17",
        "end": "2026-02-27",
        "tenure": "Established",
        "return": 0.174189,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Established",
        "return": -0.072587,
        "active": false
      },
      {
        "regime": "rotation_down",
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        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0725,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "relative_strength": -0.760946,
        "stage": 3,
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        "gate": "mixed",
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      },
      {
        "date": "2026-08-07",
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        "volume": 303981,
        "typical_volume": 245622.2,
        "trend": 3362.525334,
        "fair_value": 3212.234934,
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        "stage": 3,
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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."
    }
  }
}