{
  "ticker": {
    "uuid": "d8f0935e-5062-4775-96e2-10629145f21d",
    "symbol": "DVL",
    "name": "Dhunseri Ventures 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": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "up",
    "architecture_direction": 74.031,
    "architecture_energy": 57.965,
    "architecture_maturity": 35.167,
    "architecture_confidence": 79.44,
    "architecture_tenure": "Established",
    "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": 40.01,
        "rotation_up": 64.21,
        "upward_expansion": 84.7,
        "deceleration": 45.97,
        "rotation_down": 12.57,
        "downward_expansion": 11.37
      },
      "activity_lines": [
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        243.802667,
        240.747309
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 268.059998,
    "trend_reference": 240.500898,
    "distance_from_trend": 0.11459,
    "trend_direction": "Weakening",
    "fair_value": 322.091523,
    "distance_from_fair_value": -0.167752,
    "fair_value_direction": "Improving",
    "relative_strength": -0.8029,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.059599,
    "excess_performance": 0.103308,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.11459,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.061029,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.167752,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.024481,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.008029,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.08061,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.059599,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.559545,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 119499,
      "relative_activity": 1.6736,
      "balance": 1.559545,
      "dry_up": 1.306918,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.060721,
      "annualized_volatility": 0.359258,
      "from_high_reference": -0.295751,
      "from_low_reference": 0.433553
    },
    "levels": {
      "trend_reference": 240.500898,
      "fair_value_reference": 322.091523,
      "structural_low": 186.990005,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 19,
        "median_return": 0.004782,
        "positive_rate": 0.526316,
        "directional_follow_through": 0.526316,
        "median_excess_return": -0.012561,
        "regime_survival": 0.578947,
        "best_return": 0.203525,
        "worst_return": -0.190027,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.047635,
        "regime_survival": 0.285714,
        "best_return": 0.41879,
        "worst_return": -0.223494,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.012582,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.069075,
        "regime_survival": 0.2,
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        "worst_return": -0.259034,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "directional_follow_through": 0.25,
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        "worst_return": -0.255199,
        "sufficient": false
      }
    ],
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2024-06-14",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "rotation_up",
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      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2024-12-20",
        "tenure": "Developing",
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        "active": false
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      {
        "regime": "rotation_down",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-17",
        "end": "2025-04-25",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "upward_expansion",
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        "active": false
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      {
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      {
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        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 40.094622,
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      },
      {
        "date": "2026-04-24",
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        "typical_volume": 78207.1,
        "trend": 270.09053,
        "fair_value": 322.082536,
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      },
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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        "date": "2026-05-15",
        "close": 244.190002,
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        "fair_value": 322.426897,
        "relative_strength": -12.010473,
        "stage": 4,
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      },
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        "date": "2026-05-22",
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        "typical_volume": 79051.0,
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        "fair_value": 322.572669,
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        "energy": 16.373565,
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 77863.85,
        "trend": 253.363576,
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      {
        "date": "2026-06-12",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 73817.9,
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        "fair_value": 322.270096,
        "relative_strength": -11.66461,
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        "modifier": "Balance after decline",
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        "energy": 12.915971,
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      },
      {
        "date": "2026-07-17",
        "close": 241.880005,
        "volume": 59911,
        "typical_volume": 71311.45,
        "trend": 243.201686,
        "fair_value": 322.115642,
        "relative_strength": -11.326296,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -6.023689,
        "energy": 4.538867,
        "activity_lines": [
          240.392669,
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          239.412335,
          239.00213
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      },
      {
        "date": "2026-07-24",
        "close": 243.970001,
        "volume": 61787,
        "typical_volume": 69803.75,
        "trend": 241.856007,
        "fair_value": 322.039567,
        "relative_strength": -7.812583,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 0.379365,
        "energy": 3.841636,
        "activity_lines": [
          241.712669,
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          240.321382,
          239.051699
        ]
      },
      {
        "date": "2026-07-31",
        "close": 240.639999,
        "volume": 132071,
        "typical_volume": 70935.25,
        "trend": 240.562034,
        "fair_value": 321.908598,
        "relative_strength": -10.736112,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 5.694718,
        "energy": 7.910981,
        "activity_lines": [
          241.773335,
          240.780001,
          240.809858,
          238.973246
        ]
      },
      {
        "date": "2026-08-07",
        "close": 268.059998,
        "volume": 119499,
        "typical_volume": 71402.35,
        "trend": 240.500898,
        "fair_value": 322.091523,
        "relative_strength": -0.8029,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 74.03094,
        "energy": 57.965203,
        "activity_lines": [
          250.646,
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          243.802667,
          240.747309
        ]
      }
    ],
    "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."
    }
  }
}