{
  "ticker": {
    "uuid": "d881b3e1-6e52-45f0-ba32-4246795b0ae8",
    "symbol": "KNRCON",
    "name": "KNR Constructions 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": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -0.58,
    "architecture_energy": 6.944,
    "architecture_maturity": 35.204,
    "architecture_confidence": 55.766,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 70.86,
        "rotation_up": 11.97,
        "upward_expansion": 19.36,
        "deceleration": 65.56,
        "rotation_down": 43.53,
        "downward_expansion": 55.03
      },
      "activity_lines": [
        128.346668,
        129.011637,
        128.674048,
        128.088366
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 139.990005,
    "trend_reference": 129.629001,
    "distance_from_trend": 0.079928,
    "trend_direction": "Weakening",
    "fair_value": 235.768194,
    "distance_from_fair_value": -0.406239,
    "fair_value_direction": "Improving",
    "relative_strength": -5.976201,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.079861,
    "excess_performance": -0.036152,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.079928,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.072134,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.406239,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.055703,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.059762,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.147832,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.079861,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.185571,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 13181462,
      "relative_activity": 0.907399,
      "balance": 1.185571,
      "dry_up": 0.352228,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.068137,
      "annualized_volatility": 0.414943,
      "from_high_reference": -0.363682,
      "from_low_reference": 0.288449
    },
    "levels": {
      "trend_reference": 129.629001,
      "fair_value_reference": 235.768194,
      "structural_low": 108.650002,
      "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": 15,
        "median_return": -0.016144,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.030407,
        "regime_survival": 0.466667,
        "best_return": 0.291223,
        "worst_return": -0.229255,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.019961,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.106855,
        "regime_survival": 0.142857,
        "best_return": 0.377203,
        "worst_return": -0.251415,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.073062,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.001484,
        "regime_survival": 0.2,
        "best_return": 0.349712,
        "worst_return": -0.350185,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.094241,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.256507,
        "regime_survival": 0.0,
        "best_return": 0.021683,
        "worst_return": -0.173916,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-01-05",
        "end": "2024-02-16",
        "tenure": "Developing",
        "return": 0.018281,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-02-23",
        "end": "2024-03-29",
        "tenure": "Developing",
        "return": -0.072666,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-04-05",
        "end": "2024-05-17",
        "tenure": "Developing",
        "return": -0.001936,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-05-24",
        "end": "2024-05-24",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-05-31",
        "end": "2024-06-07",
        "tenure": "New",
        "return": 0.174426,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-06-14",
        "end": "2024-07-19",
        "tenure": "Developing",
        "return": -0.115513,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-07-26",
        "end": "2024-08-02",
        "tenure": "New",
        "return": 0.057158,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-09",
        "end": "2024-08-23",
        "tenure": "New",
        "return": -0.070135,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-10-25",
        "tenure": "Developing",
        "return": -0.159386,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-01",
        "end": "2024-11-22",
        "tenure": "New",
        "return": 0.041895,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-29",
        "end": "2024-12-13",
        "tenure": "New",
        "return": 0.038862,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-20",
        "end": "2025-01-31",
        "tenure": "Developing",
        "return": -0.087485,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-07",
        "end": "2026-05-29",
        "tenure": "Extended",
        "return": -0.553759,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-05",
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        "tenure": "Developing",
        "return": 0.074202,
        "active": true
      }
    ],
    "chart_path": [
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      },
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      },
      {
        "date": "2026-04-17",
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      },
      {
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      },
      {
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-06-12",
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        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "volume": 4005065,
        "typical_volume": 14777630.5,
        "trend": 133.832334,
        "fair_value": 238.811531,
        "relative_strength": -15.765701,
        "stage": 4,
        "regime": "balance",
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      },
      {
        "date": "2026-07-17",
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        "volume": 2882397,
        "typical_volume": 14510369.15,
        "trend": 133.036,
        "fair_value": 238.048548,
        "relative_strength": -19.455196,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -39.757791,
        "energy": 18.857021,
        "activity_lines": [
          128.833999,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 121.220001,
        "volume": 2426412,
        "typical_volume": 14378695.5,
        "trend": 131.112334,
        "fair_value": 237.265086,
        "relative_strength": -17.52325,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -43.415178,
        "energy": 27.434106,
        "activity_lines": [
          125.368667,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 121.849998,
        "volume": 1976472,
        "typical_volume": 14144064.05,
        "trend": 129.806334,
        "fair_value": 236.493014,
        "relative_strength": -18.272126,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -53.919513,
        "energy": 36.580511,
        "activity_lines": [
          123.422666,
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          127.300095,
          127.431355
        ]
      },
      {
        "date": "2026-08-07",
        "close": 139.990005,
        "volume": 13181462,
        "typical_volume": 14526640.2,
        "trend": 129.629001,
        "fair_value": 235.768194,
        "relative_strength": -5.976201,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -0.580461,
        "energy": 6.943964,
        "activity_lines": [
          128.346668,
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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."
    }
  }
}