{
  "ticker": {
    "uuid": "e69db8f0-d428-4d93-a979-7be0e10440ee",
    "symbol": "KHAITANLTD",
    "name": "Khaitan (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": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Momentum cooling",
    "architecture_gate": "up",
    "architecture_direction": 78.623,
    "architecture_energy": 53.097,
    "architecture_maturity": 27.29,
    "architecture_confidence": 89.535,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 32.98,
        "rotation_up": 51.41,
        "upward_expansion": 76.83,
        "deceleration": 58.08,
        "rotation_down": 21.63,
        "downward_expansion": 8.16
      },
      "activity_lines": [
        137.948668,
        134.937637,
        132.337143,
        125.906925
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 156.240005,
    "trend_reference": 116.959666,
    "distance_from_trend": 0.335845,
    "trend_direction": "Improving",
    "fair_value": 93.565384,
    "distance_from_fair_value": 0.669848,
    "fair_value_direction": "Improving",
    "relative_strength": 35.900437,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.503754,
    "excess_performance": 0.547463,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.335845,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.093793,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.669848,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.15788,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.359004,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.15984,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.503754,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 9.195826,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 175105,
      "relative_activity": 4.898316,
      "balance": 9.195826,
      "dry_up": 1.346131,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.078489,
      "annualized_volatility": 0.533711,
      "from_high_reference": -0.037931,
      "from_low_reference": 0.838118
    },
    "levels": {
      "trend_reference": 116.959666,
      "fair_value_reference": 93.565384,
      "structural_low": 85.050003,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 16,
        "median_return": 0.047872,
        "positive_rate": 0.5625,
        "directional_follow_through": 0.5625,
        "median_excess_return": 0.059443,
        "regime_survival": 0.625,
        "best_return": 0.827189,
        "worst_return": -0.139574,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.138598,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": 0.101303,
        "regime_survival": 0.166667,
        "best_return": 0.357143,
        "worst_return": -0.056324,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.051398,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.033546,
        "regime_survival": 0.2,
        "best_return": 0.624424,
        "worst_return": -0.247048,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.646528,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.420054,
        "regime_survival": 0.0,
        "best_return": 1.299539,
        "worst_return": 0.415243,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-10-04",
        "end": "2024-12-27",
        "tenure": "Established",
        "return": -0.084541,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-03",
        "end": "2025-01-10",
        "tenure": "New",
        "return": -0.020506,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-17",
        "end": "2025-01-24",
        "tenure": "New",
        "return": 0.168201,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-31",
        "end": "2025-03-07",
        "tenure": "Developing",
        "return": -0.241505,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-14",
        "end": "2025-04-18",
        "tenure": "Developing",
        "return": 0.223958,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-25",
        "end": "2025-05-16",
        "tenure": "New",
        "return": 0.199911,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-23",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": -0.07251,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-07-18",
        "end": "2025-09-19",
        "tenure": "Developing",
        "return": 0.023936,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-26",
        "end": "2025-11-21",
        "tenure": "Developing",
        "return": -0.205839,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-28",
        "end": "2026-04-03",
        "tenure": "Established",
        "return": -0.032425,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-10",
        "end": "2026-04-17",
        "tenure": "New",
        "return": 0.013054,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-04-24",
        "end": "2026-05-08",
        "tenure": "New",
        "return": -0.066529,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-15",
        "end": "2026-07-24",
        "tenure": "Developing",
        "return": -0.032154,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.206487,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 42926.75,
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        "activity_lines": [
          117.748663,
          108.805453,
          103.520904,
          103.321247
        ]
      },
      {
        "date": "2026-05-01",
        "close": 124.25,
        "volume": 49434,
        "typical_volume": 30432.5,
        "trend": 106.054666,
        "fair_value": 86.179615,
        "relative_strength": 15.366979,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 38.77631,
        "energy": 63.529026,
        "activity_lines": [
          122.042664,
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          105.725094,
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      },
      {
        "date": "2026-05-08",
        "close": 131.190002,
        "volume": 15355,
        "typical_volume": 30523.1,
        "trend": 106.058,
        "fair_value": 86.767692,
        "relative_strength": 19.916413,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 71.804163,
        "energy": 78.45505,
        "activity_lines": [
          126.916665,
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          106.102451
        ]
      },
      {
        "date": "2026-05-15",
        "close": 133.110001,
        "volume": 27807,
        "typical_volume": 31505.7,
        "trend": 106.240667,
        "fair_value": 87.32673,
        "relative_strength": 23.717792,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.865189,
        "energy": 78.280462,
        "activity_lines": [
          130.289333,
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      },
      {
        "date": "2026-05-22",
        "close": 132.009995,
        "volume": 7404,
        "typical_volume": 30989.6,
        "trend": 106.463667,
        "fair_value": 87.869743,
        "relative_strength": 22.174488,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.563281,
        "energy": 67.549224,
        "activity_lines": [
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          113.768904,
          109.510279
        ]
      },
      {
        "date": "2026-05-29",
        "close": 136.0,
        "volume": 10139,
        "typical_volume": 30920.85,
        "trend": 106.930333,
        "fair_value": 88.400833,
        "relative_strength": 26.734952,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.785567,
        "energy": 62.908958,
        "activity_lines": [
          132.933332,
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          111.415849
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      },
      {
        "date": "2026-06-05",
        "close": 131.509995,
        "volume": 926,
        "typical_volume": 30515.9,
        "trend": 107.365,
        "fair_value": 88.912756,
        "relative_strength": 23.3268,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.303238,
        "energy": 49.002032,
        "activity_lines": [
          132.999331,
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      },
      {
        "date": "2026-06-12",
        "close": 132.600006,
        "volume": 2066,
        "typical_volume": 30188.75,
        "trend": 108.309667,
        "fair_value": 89.435833,
        "relative_strength": 22.666183,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.200142,
        "energy": 46.535035,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 124.25,
        "volume": 177,
        "typical_volume": 29384.4,
        "trend": 109.006,
        "fair_value": 89.907948,
        "relative_strength": 12.903596,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 46.587687,
        "energy": 35.238478,
        "activity_lines": [
          130.012667,
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      },
      {
        "date": "2026-06-26",
        "close": 138.419998,
        "volume": 0,
        "typical_volume": 28768.05,
        "trend": 110.207,
        "fair_value": 90.473782,
        "relative_strength": 25.140494,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.354129,
        "energy": 41.255353,
        "activity_lines": [
          132.394667,
          132.271272,
          124.214285,
          117.555784
        ]
      },
      {
        "date": "2026-07-03",
        "close": 134.0,
        "volume": 5100,
        "typical_volume": 28714.35,
        "trend": 111.315333,
        "fair_value": 91.001987,
        "relative_strength": 19.734816,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.085783,
        "energy": 36.391689,
        "activity_lines": [
          132.876,
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          119.090817
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      },
      {
        "date": "2026-07-10",
        "close": 131.0,
        "volume": 4488,
        "typical_volume": 28462.5,
        "trend": 112.403333,
        "fair_value": 91.515769,
        "relative_strength": 17.100043,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.342087,
        "energy": 32.565041,
        "activity_lines": [
          132.490667,
          132.430909,
          127.228952,
          120.360795
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      },
      {
        "date": "2026-07-17",
        "close": 126.269997,
        "volume": 6483,
        "typical_volume": 28415.25,
        "trend": 113.248,
        "fair_value": 91.996666,
        "relative_strength": 12.217586,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 40.410682,
        "energy": 27.376098,
        "activity_lines": [
          130.562665,
          131.314726,
          127.886142,
          121.255419
        ]
      },
      {
        "date": "2026-07-24",
        "close": 128.830002,
        "volume": 7300,
        "typical_volume": 28391.9,
        "trend": 114.187,
        "fair_value": 92.472179,
        "relative_strength": 16.982054,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 38.172851,
        "energy": 23.090953,
        "activity_lines": [
          129.91,
          130.753454,
          128.636095,
          122.260709
        ]
      },
      {
        "date": "2026-07-31",
        "close": 129.5,
        "volume": 3598,
        "typical_volume": 27349.0,
        "trend": 115.036666,
        "fair_value": 92.924743,
        "relative_strength": 14.356948,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.78911,
        "energy": 19.512907,
        "activity_lines": [
          129.175333,
          130.391818,
          129.292714,
          123.248645
        ]
      },
      {
        "date": "2026-08-07",
        "close": 156.240005,
        "volume": 175105,
        "typical_volume": 35748.0,
        "trend": 116.959666,
        "fair_value": 93.565384,
        "relative_strength": 35.900437,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 78.6226,
        "energy": 53.096828,
        "activity_lines": [
          137.948668,
          134.937637,
          132.337143,
          125.906925
        ]
      }
    ],
    "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."
    }
  }
}