{
  "ticker": {
    "uuid": "dc59b249-490e-48e3-a30e-88c2cf5e9cb8",
    "symbol": "VESUVIUS",
    "name": "Vesuvius India 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": -63.048,
    "architecture_energy": 61.273,
    "architecture_maturity": 18.823,
    "architecture_confidence": 90.575,
    "architecture_tenure": "Developing",
    "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": 16.88,
        "rotation_up": 13.89,
        "upward_expansion": 13.64,
        "deceleration": 38.1,
        "rotation_down": 65.54,
        "downward_expansion": 89.31
      },
      "activity_lines": [
        451.913332,
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        465.837698,
        471.455445
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 449.100006,
    "trend_reference": 477.909461,
    "distance_from_trend": -0.060282,
    "trend_direction": "Weakening",
    "fair_value": 457.343202,
    "distance_from_fair_value": -0.018024,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.627209,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.114326,
    "excess_performance": -0.070616,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.060282,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.010924,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.018024,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.166669,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.066272,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.101407,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.114326,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.825503,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 279271,
      "relative_activity": 0.710127,
      "balance": 0.825503,
      "dry_up": 0.834128,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.044174,
      "annualized_volatility": 0.293436,
      "from_high_reference": -0.259073,
      "from_low_reference": 0.046734
    },
    "levels": {
      "trend_reference": 477.909461,
      "fair_value_reference": 457.343202,
      "structural_low": 429.048742,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": 0.00012,
        "positive_rate": 0.533333,
        "directional_follow_through": 0.466667,
        "median_excess_return": 0.007568,
        "regime_survival": 0.8,
        "best_return": 0.197056,
        "worst_return": -0.178175,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.021865,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.047447,
        "regime_survival": 0.5,
        "best_return": 0.219039,
        "worst_return": -0.046726,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.052371,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.102256,
        "regime_survival": 0.0,
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        "worst_return": 0.043643,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.196646,
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        "best_return": 0.462612,
        "worst_return": 0.026904,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-09-06",
        "tenure": "Developing",
        "return": -0.010426,
        "active": false
      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-27",
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        "tenure": "Established",
        "return": -0.063985,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "New",
        "return": 0.050562,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
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      },
      {
        "regime": "deceleration",
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        "tenure": "Established",
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        "active": false
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        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "active": false
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      {
        "date": "2026-05-08",
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        "date": "2026-06-05",
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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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        "stage": 4,
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      },
      {
        "date": "2026-07-17",
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        "volume": 597274,
        "typical_volume": 439616.95,
        "trend": 480.28166,
        "fair_value": 455.175021,
        "relative_strength": -2.94331,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.129044,
        "energy": 23.015347,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 452.299988,
        "volume": 229045,
        "typical_volume": 408797.3,
        "trend": 479.333393,
        "fair_value": 455.923072,
        "relative_strength": -3.348565,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.294244,
        "energy": 35.640808,
        "activity_lines": [
          461.869995,
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      },
      {
        "date": "2026-07-31",
        "close": 445.0,
        "volume": 206557,
        "typical_volume": 398671.2,
        "trend": 478.165058,
        "fair_value": 456.587856,
        "relative_strength": -7.077163,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.568752,
        "energy": 53.957382,
        "activity_lines": [
          455.406663,
          459.961814,
          468.01583,
          473.330609
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      },
      {
        "date": "2026-08-07",
        "close": 449.100006,
        "volume": 279271,
        "typical_volume": 393268.85,
        "trend": 477.909461,
        "fair_value": 457.343202,
        "relative_strength": -6.627209,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.04814,
        "energy": 61.273312,
        "activity_lines": [
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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."
    }
  }
}