{
  "ticker": {
    "uuid": "de48ed4d-ef26-4423-a5a3-9a8842680445",
    "symbol": "HEROMOTOCO",
    "name": "Hero MotoCorp 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 92.816,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Structural repair",
    "architecture_gate": "mixed",
    "architecture_direction": 47.04,
    "architecture_energy": 53.531,
    "architecture_maturity": 10.098,
    "architecture_confidence": 93.035,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 26.9,
        "rotation_up": 68.86,
        "upward_expansion": 44.13,
        "deceleration": 30.99,
        "rotation_down": 19.36,
        "downward_expansion": 26.13
      },
      "activity_lines": [
        5317.140593,
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        5059.384987,
        5107.437643
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 5725.0,
    "trend_reference": 5198.755339,
    "distance_from_trend": 0.101225,
    "trend_direction": "Weakening",
    "fair_value": 4513.799197,
    "distance_from_fair_value": 0.268333,
    "fair_value_direction": "Improving",
    "relative_strength": 8.71005,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.014441,
    "excess_performance": 0.058151,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.101225,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.044026,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.268333,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.036206,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.087101,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.009124,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.014441,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.472188,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4958269,
      "relative_activity": 2.023027,
      "balance": 1.472188,
      "dry_up": 1.587991,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.037232,
      "annualized_volatility": 0.276894,
      "from_high_reference": -0.086391,
      "from_low_reference": 0.285875
    },
    "levels": {
      "trend_reference": 5198.755339,
      "fair_value_reference": 4513.799197,
      "structural_low": 4754.071008,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": 0.023217,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.017491,
        "regime_survival": 0.333333,
        "best_return": 0.107431,
        "worst_return": -0.10838,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.099152,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.039956,
        "regime_survival": 0.0,
        "best_return": 0.198485,
        "worst_return": -0.045651,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.243004,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.159042,
        "regime_survival": 0.0,
        "best_return": 0.454497,
        "worst_return": 0.059145,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.177488,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.226091,
        "regime_survival": 0.0,
        "best_return": 0.938533,
        "worst_return": -0.029267,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-19",
        "end": "2024-05-17",
        "tenure": "Developing",
        "return": 0.207774,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-07-26",
        "tenure": "Developing",
        "return": 0.070453,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-09-06",
        "tenure": "Developing",
        "return": 0.089028,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
        "return": -0.141913,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-11-08",
        "tenure": "New",
        "return": -0.050114,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-15",
        "end": "2024-11-22",
        "tenure": "New",
        "return": 0.04129,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-29",
        "end": "2025-05-09",
        "tenure": "Established",
        "return": -0.170339,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-05-23",
        "tenure": "New",
        "return": -0.0084,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.008284,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-01-02",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-03-13",
        "tenure": "Developing",
        "return": -0.080639,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
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        "return": -0.050043,
        "active": false
      },
      {
        "regime": "downward_expansion",
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      {
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        "return": 0.0,
        "active": true
      }
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "trend": 5196.676253,
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      },
      {
        "date": "2026-08-07",
        "close": 5725.0,
        "volume": 4958269,
        "typical_volume": 2450915.4,
        "trend": 5198.755339,
        "fair_value": 4513.799197,
        "relative_strength": 8.71005,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
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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."
    }
  }
}