{
  "ticker": {
    "uuid": "dfb61441-d69b-4a09-87e0-5d8294bde92b",
    "symbol": "MRF",
    "name": "MRF 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": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 95.175,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": 3.811,
    "architecture_energy": 11.327,
    "architecture_maturity": 8.848,
    "architecture_confidence": 70.456,
    "architecture_tenure": "New",
    "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": 57.01,
        "rotation_up": 38.42,
        "upward_expansion": 37.56,
        "deceleration": 30.09,
        "rotation_down": 17.52,
        "downward_expansion": 41.23
      },
      "activity_lines": [
        132658.385417,
        131847.978551,
        130454.998475,
        131362.220951
      ],
      "activity_state": "Compressed",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 134190.0,
    "trend_reference": 133495.216406,
    "distance_from_trend": 0.005205,
    "trend_direction": "Weakening",
    "fair_value": 131485.242789,
    "distance_from_fair_value": 0.020571,
    "fair_value_direction": "Improving",
    "relative_strength": -4.053116,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.083728,
    "excess_performance": -0.040019,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.005205,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.053135,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.020571,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.010256,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.040531,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.024611,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.083728,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.563673,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 17167,
      "relative_activity": 0.671752,
      "balance": 0.563673,
      "dry_up": 0.879036,
      "accumulation_observations": 0,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.032814,
      "annualized_volatility": 0.210878,
      "from_high_reference": -0.179735,
      "from_low_reference": 0.099918
    },
    "levels": {
      "trend_reference": 133495.216406,
      "fair_value_reference": 131485.242789,
      "structural_low": 122000.0,
      "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": 9,
        "median_return": -0.037541,
        "positive_rate": 0.222222,
        "directional_follow_through": 0.222222,
        "median_excess_return": -0.04363,
        "regime_survival": 0.333333,
        "best_return": 0.125404,
        "worst_return": -0.152556,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
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        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.065325,
        "regime_survival": 0.2,
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        "worst_return": -0.143462,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.070885,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
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        "worst_return": -0.235209,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "worst_return": -0.047603,
        "sufficient": false
      }
    ],
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      },
      {
        "regime": "deceleration",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
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        "regime": "deceleration",
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      },
      {
        "regime": "upward_expansion",
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        "regime": "balance",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
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        "trend": 133495.216406,
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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."
    }
  }
}