{
  "ticker": {
    "uuid": "d6b80653-8631-4bc1-bb50-73cfb2eba13a",
    "symbol": "SJVN",
    "name": "SJVN 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": -69.461,
    "architecture_energy": 74.893,
    "architecture_maturity": 11.043,
    "architecture_confidence": 83.931,
    "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": 15.1,
        "rotation_up": 9.32,
        "upward_expansion": 16.75,
        "deceleration": 37.15,
        "rotation_down": 78.92,
        "downward_expansion": 94.75
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 67.959999,
    "trend_reference": 72.531874,
    "distance_from_trend": -0.063033,
    "trend_direction": "Weakening",
    "fair_value": 94.875443,
    "distance_from_fair_value": -0.283692,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.707002,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.04489,
    "excess_performance": -0.001181,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.063033,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.027598,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.283692,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.136545,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.11707,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.090896,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.04489,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.360191,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 8676665,
      "relative_activity": 0.571503,
      "balance": 0.360191,
      "dry_up": 0.623471,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.042763,
      "annualized_volatility": 0.239438,
      "from_high_reference": -0.31746,
      "from_low_reference": 0.078388
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    "levels": {
      "trend_reference": 72.531874,
      "fair_value_reference": 94.875443,
      "structural_low": 63.02,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 17,
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        "positive_rate": 0.411765,
        "directional_follow_through": 0.588235,
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        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
      },
      {
        "horizon": "Extended",
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      {
        "horizon": "Full cycle",
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        "regime": "deceleration",
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      },
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        "regime": "rotation_up",
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "trend": 73.269318,
        "fair_value": 94.68479,
        "relative_strength": -10.236361,
        "stage": 4,
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        "modifier": "Early contraction",
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        "direction": -77.79133,
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      },
      {
        "date": "2026-07-31",
        "close": 68.620003,
        "volume": 10827966,
        "typical_volume": 16413787.35,
        "trend": 72.831015,
        "fair_value": 94.778128,
        "relative_strength": -10.683398,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.466099,
        "energy": 73.554365,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 67.959999,
        "volume": 8676665,
        "typical_volume": 15182186.5,
        "trend": 72.531874,
        "fair_value": 94.875443,
        "relative_strength": -11.707002,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.461266,
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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."
    }
  }
}