{
  "ticker": {
    "uuid": "d4efdb01-e6c0-43e3-9ca3-7d818333bf3f",
    "symbol": "JMA",
    "name": "Jullundur Motor Agency (Delhi) 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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 27.193,
    "architecture_energy": 15.225,
    "architecture_maturity": 33.635,
    "architecture_confidence": 88.94,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 57.2,
        "rotation_up": 21.12,
        "upward_expansion": 50.57,
        "deceleration": 90.91,
        "rotation_down": 27.88,
        "downward_expansion": 16.57
      },
      "activity_lines": [
        88.514,
        89.543455,
        89.114238,
        87.929763
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 88.410004,
    "trend_reference": 85.879333,
    "distance_from_trend": 0.029468,
    "trend_direction": "Improving",
    "fair_value": 90.087907,
    "distance_from_fair_value": -0.018625,
    "fair_value_direction": "Weakening",
    "relative_strength": 3.228086,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.138277,
    "excess_performance": 0.181987,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.029468,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.031794,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.018625,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.037661,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.032281,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.035077,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.138277,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.458231,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 44472,
      "relative_activity": 1.197914,
      "balance": 1.458231,
      "dry_up": 0.80405,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.063472,
      "annualized_volatility": 0.259835,
      "from_high_reference": -0.093231,
      "from_low_reference": 0.258505
    },
    "levels": {
      "trend_reference": 85.879333,
      "fair_value_reference": 90.087907,
      "structural_low": 74.050003,
      "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": 0.003755,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.008005,
        "regime_survival": 0.666667,
        "best_return": 0.091296,
        "worst_return": -0.053701,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.030473,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.012153,
        "regime_survival": 0.333333,
        "best_return": 0.087564,
        "worst_return": 0.023591,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.115151,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.060007,
        "regime_survival": 0.0,
        "best_return": 0.117081,
        "worst_return": 0.113221,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.055467,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.088402,
        "regime_survival": 0.0,
        "best_return": 0.117296,
        "worst_return": -0.228231,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-07-28",
        "end": "2024-03-22",
        "tenure": "Extended",
        "return": 0.480971,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-03-29",
        "end": "2024-07-12",
        "tenure": "Established",
        "return": 0.056269,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-07-19",
        "end": "2024-11-15",
        "tenure": "Established",
        "return": -0.006318,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-22",
        "end": "2024-12-13",
        "tenure": "New",
        "return": 0.008281,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-20",
        "end": "2025-05-16",
        "tenure": "Established",
        "return": -0.039667,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-23",
        "end": "2025-06-27",
        "tenure": "Developing",
        "return": 0.046592,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-04",
        "end": "2025-08-01",
        "tenure": "Developing",
        "return": -0.048289,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-12-05",
        "tenure": "Established",
        "return": -0.061861,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-12",
        "end": "2026-02-27",
        "tenure": "Developing",
        "return": 0.137381,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-03-06",
        "end": "2026-03-20",
        "tenure": "New",
        "return": -0.048423,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-27",
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        "tenure": "Developing",
        "return": 0.104986,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-05-15",
        "tenure": "New",
        "return": -0.055382,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "return": 0.068038,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2026-08-07",
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        "return": 0.000679,
        "active": true
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        "date": "2026-04-24",
        "close": 88.32,
        "volume": 153986,
        "typical_volume": 62341.15,
        "trend": 83.710667,
        "fair_value": 87.764296,
        "relative_strength": 6.118112,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 26.644614,
        "energy": 19.253723,
        "activity_lines": [
          84.896668,
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          82.888,
          82.787828
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      },
      {
        "date": "2026-05-01",
        "close": 87.989998,
        "volume": 25721,
        "typical_volume": 60510.25,
        "trend": 83.642334,
        "fair_value": 87.901917,
        "relative_strength": 5.487714,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 26.571429,
        "energy": 29.405294,
        "activity_lines": [
          86.409333,
          84.622546,
          83.517524,
          83.063914
        ]
      },
      {
        "date": "2026-05-08",
        "close": 89.739998,
        "volume": 29234,
        "typical_volume": 60859.6,
        "trend": 83.655,
        "fair_value": 88.063631,
        "relative_strength": 6.735762,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 32.46552,
        "energy": 42.164489,
        "activity_lines": [
          87.947999,
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 84.769997,
        "volume": 59486,
        "typical_volume": 61462.4,
        "trend": 83.496333,
        "fair_value": 88.203968,
        "relative_strength": 3.184675,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 53.636144,
        "energy": 46.935239,
        "activity_lines": [
          87.228665,
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          84.500285,
          83.529247
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      },
      {
        "date": "2026-05-22",
        "close": 83.629997,
        "volume": 14151,
        "typical_volume": 60207.15,
        "trend": 83.276667,
        "fair_value": 88.316035,
        "relative_strength": 1.551806,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 48.724454,
        "energy": 29.84883,
        "activity_lines": [
          86.049998,
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          84.587285,
          83.537871
        ]
      },
      {
        "date": "2026-05-29",
        "close": 88.059998,
        "volume": 74582,
        "typical_volume": 62316.35,
        "trend": 83.233,
        "fair_value": 88.462489,
        "relative_strength": 7.790218,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.778021,
        "energy": 26.47629,
        "activity_lines": [
          86.439998,
          86.199998,
          85.07738,
          83.846473
        ]
      },
      {
        "date": "2026-06-05",
        "close": 91.239998,
        "volume": 41940,
        "typical_volume": 62709.45,
        "trend": 83.302666,
        "fair_value": 88.630824,
        "relative_strength": 12.470196,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.268883,
        "energy": 30.682731,
        "activity_lines": [
          87.907331,
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          84.363053
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      },
      {
        "date": "2026-06-12",
        "close": 94.599998,
        "volume": 35909,
        "typical_volume": 62159.95,
        "trend": 83.526333,
        "fair_value": 88.829981,
        "relative_strength": 15.184909,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.682654,
        "energy": 49.944489,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "volume": 17731,
        "typical_volume": 62053.3,
        "trend": 83.701333,
        "fair_value": 89.02812,
        "relative_strength": 11.605528,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 63.017044,
        "energy": 61.485936,
        "activity_lines": [
          91.897999,
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      },
      {
        "date": "2026-06-26",
        "close": 91.470001,
        "volume": 0,
        "typical_volume": 60275.85,
        "trend": 83.856666,
        "fair_value": 89.210507,
        "relative_strength": 9.149333,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.321758,
        "energy": 60.845818,
        "activity_lines": [
          92.331333,
          90.348544,
          88.020523,
          86.224967
        ]
      },
      {
        "date": "2026-07-03",
        "close": 89.889999,
        "volume": 10342,
        "typical_volume": 52348.85,
        "trend": 84.077,
        "fair_value": 89.370188,
        "relative_strength": 6.322632,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.406044,
        "energy": 50.883423,
        "activity_lines": [
          91.715333,
          90.453272,
          88.300237,
          86.614214
        ]
      },
      {
        "date": "2026-07-10",
        "close": 90.290001,
        "volume": 60676,
        "typical_volume": 42192.3,
        "trend": 84.451666,
        "fair_value": 89.527942,
        "relative_strength": 7.00834,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 51.207042,
        "energy": 30.918087,
        "activity_lines": [
          91.110667,
          90.602181,
          88.606952,
          87.015053
        ]
      },
      {
        "date": "2026-07-17",
        "close": 89.32,
        "volume": 27749,
        "typical_volume": 40814.35,
        "trend": 84.795666,
        "fair_value": 89.668099,
        "relative_strength": 5.320266,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 37.092488,
        "energy": 19.923718,
        "activity_lines": [
          90.246,
          90.532909,
          88.823856,
          87.329139
        ]
      },
      {
        "date": "2026-07-24",
        "close": 88.349998,
        "volume": 27321,
        "typical_volume": 38477.75,
        "trend": 85.149999,
        "fair_value": 89.806829,
        "relative_strength": 6.581344,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.810961,
        "energy": 16.748797,
        "activity_lines": [
          89.409999,
          90.294908,
          88.95119,
          87.558451
        ]
      },
      {
        "date": "2026-07-31",
        "close": 87.919998,
        "volume": 19858,
        "typical_volume": 38363.7,
        "trend": 85.424666,
        "fair_value": 89.941306,
        "relative_strength": 3.417506,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.026161,
        "energy": 15.943707,
        "activity_lines": [
          88.761999,
          89.913636,
          89.020047,
          87.737161
        ]
      },
      {
        "date": "2026-08-07",
        "close": 88.410004,
        "volume": 44472,
        "typical_volume": 37124.55,
        "trend": 85.879333,
        "fair_value": 90.087907,
        "relative_strength": 3.228086,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.192665,
        "energy": 15.225123,
        "activity_lines": [
          88.514,
          89.543455,
          89.114238,
          87.929763
        ]
      }
    ],
    "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."
    }
  }
}