{
  "ticker": {
    "uuid": "ce51c509-716f-49b7-b982-05739d5cc95d",
    "symbol": "HTMEDIA",
    "name": "HT Media 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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 77.142,
    "architecture_energy": 62.061,
    "architecture_maturity": 26.115,
    "architecture_confidence": 83.642,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 21.71,
        "rotation_up": 69.18,
        "upward_expansion": 84.0,
        "deceleration": 49.78,
        "rotation_down": 12.57,
        "downward_expansion": 10.67
      },
      "activity_lines": [
        25.852667,
        25.048182,
        23.911619,
        23.232817
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 27.74,
    "trend_reference": 22.618333,
    "distance_from_trend": 0.226439,
    "trend_direction": "Improving",
    "fair_value": 24.133654,
    "distance_from_fair_value": 0.149432,
    "fair_value_direction": "Improving",
    "relative_strength": 17.513514,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.237288,
    "excess_performance": 0.280997,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.226439,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.004262,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.149432,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.211928,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.175135,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.174711,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.237288,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 8.749128,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5978305,
      "relative_activity": 7.319929,
      "balance": 8.749128,
      "dry_up": 2.814249,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.086074,
      "annualized_volatility": 0.380605,
      "from_high_reference": -0.113738,
      "from_low_reference": 0.583333
    },
    "levels": {
      "trend_reference": 22.618333,
      "fair_value_reference": 24.133654,
      "structural_low": 17.52,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 16,
        "median_return": 0.001786,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.011836,
        "regime_survival": 0.625,
        "best_return": 0.141667,
        "worst_return": -0.186765,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.016136,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.068662,
        "regime_survival": 0.5,
        "best_return": 0.194,
        "worst_return": -0.328431,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.03798,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.068727,
        "regime_survival": 0.2,
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        "worst_return": -0.357813,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.082335,
        "regime_survival": 0.333333,
        "best_return": 0.181779,
        "worst_return": -0.285714,
        "sufficient": false
      }
    ],
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        "return": -0.118827,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-04-26",
        "tenure": "Developing",
        "return": 0.128459,
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      },
      {
        "regime": "balance",
        "label": "Balance",
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      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
      },
      {
        "regime": "balance",
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      {
        "regime": "downward_expansion",
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        "tenure": "Extended",
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      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
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        "regime": "upward_expansion",
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        "active": false
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      {
        "regime": "deceleration",
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        "active": false
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        "regime": "rotation_down",
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        "active": false
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        "regime": "downward_expansion",
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      {
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        "active": true
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        "date": "2026-04-24",
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        "typical_volume": 477783.75,
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        "fair_value": 23.822692,
        "relative_strength": 0.597671,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 423695.35,
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        "relative_strength": 0.072488,
        "stage": 4,
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        "modifier": "Balance after decline",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 419645.95,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 422940.1,
        "trend": 22.888,
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        "relative_strength": -3.669854,
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        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 416184.9,
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        "modifier": "Balance after decline",
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        ]
      },
      {
        "date": "2026-05-29",
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        "typical_volume": 435492.4,
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        "relative_strength": 3.997798,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 429852.0,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 410792.5,
        "trend": 22.312667,
        "fair_value": 23.973397,
        "relative_strength": 1.802111,
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      },
      {
        "date": "2026-06-19",
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        "fair_value": 23.993077,
        "relative_strength": 0.519877,
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      },
      {
        "date": "2026-06-26",
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        "volume": 0,
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        "fair_value": 24.008654,
        "relative_strength": -1.626095,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 20.470932,
        "energy": 24.999714,
        "activity_lines": [
          22.654,
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          22.027355
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      },
      {
        "date": "2026-07-03",
        "close": 24.540001,
        "volume": 684276,
        "typical_volume": 372560.05,
        "trend": 22.210667,
        "fair_value": 24.033269,
        "relative_strength": 6.516013,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
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        "energy": 42.407348,
        "activity_lines": [
          23.254,
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      },
      {
        "date": "2026-07-10",
        "close": 25.41,
        "volume": 1783304,
        "typical_volume": 447450.05,
        "trend": 22.319333,
        "fair_value": 24.0625,
        "relative_strength": 10.101155,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 74.96973,
        "energy": 65.516495,
        "activity_lines": [
          24.033333,
          23.324545,
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          22.387011
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      },
      {
        "date": "2026-07-17",
        "close": 26.15,
        "volume": 1982250,
        "typical_volume": 531726.2,
        "trend": 22.43,
        "fair_value": 24.074038,
        "relative_strength": 12.401856,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.567059,
        "energy": 73.689021,
        "activity_lines": [
          24.902667,
          23.934364,
          23.039333,
          22.634151
        ]
      },
      {
        "date": "2026-07-24",
        "close": 24.26,
        "volume": 837745,
        "typical_volume": 558493.25,
        "trend": 22.459,
        "fair_value": 24.081795,
        "relative_strength": 6.659461,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.889246,
        "energy": 68.055361,
        "activity_lines": [
          24.906,
          24.132182,
          23.226095,
          22.752215
        ]
      },
      {
        "date": "2026-07-31",
        "close": 24.65,
        "volume": 395473,
        "typical_volume": 556846.0,
        "trend": 22.481667,
        "fair_value": 24.097821,
        "relative_strength": 5.49202,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.392257,
        "energy": 61.263026,
        "activity_lines": [
          24.94,
          24.344727,
          23.431619,
          22.89357
        ]
      },
      {
        "date": "2026-08-07",
        "close": 27.74,
        "volume": 5978305,
        "typical_volume": 816716.25,
        "trend": 22.618333,
        "fair_value": 24.133654,
        "relative_strength": 17.513514,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.141611,
        "energy": 62.06085,
        "activity_lines": [
          25.852667,
          25.048182,
          23.911619,
          23.232817
        ]
      }
    ],
    "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."
    }
  }
}