{
  "ticker": {
    "uuid": "e74dc849-3479-4102-965f-611d6be8ee40",
    "symbol": "BLS",
    "name": "BLS International Services 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": -58.272,
    "architecture_energy": 50.35,
    "architecture_maturity": 12.845,
    "architecture_confidence": 87.901,
    "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": 16.19,
        "rotation_up": 16.17,
        "upward_expansion": 8.86,
        "deceleration": 43.14,
        "rotation_down": 59.59,
        "downward_expansion": 82.19
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 254.330002,
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    "distance_from_trend": -0.035565,
    "trend_direction": "Weakening",
    "fair_value": 334.768526,
    "distance_from_fair_value": -0.240281,
    "fair_value_direction": "Weakening",
    "relative_strength": -12.410146,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.123951,
    "excess_performance": -0.080242,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.035565,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.079602,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.240281,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.115424,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.124101,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.046039,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.123951,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.491252,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "balance": 1.491252,
      "dry_up": 0.377029,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.069014,
      "annualized_volatility": 0.368746,
      "from_high_reference": -0.35649,
      "from_low_reference": 0.161855
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    "levels": {
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      "fair_value_reference": 334.768526,
      "structural_low": 218.899994,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "horizon": "Near term",
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
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      },
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      {
        "date": "2026-04-17",
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 15437524.65,
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        "fair_value": 334.706976,
        "relative_strength": -18.325365,
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        "modifier": "Early contraction",
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        "direction": -71.640605,
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      },
      {
        "date": "2026-07-31",
        "close": 239.699997,
        "volume": 4359780,
        "typical_volume": 15336891.0,
        "trend": 265.22595,
        "fair_value": 334.713,
        "relative_strength": -17.589649,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.670574,
        "energy": 71.846658,
        "activity_lines": [
          237.86,
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      },
      {
        "date": "2026-08-07",
        "close": 254.330002,
        "volume": 8631616,
        "typical_volume": 15539158.6,
        "trend": 263.70874,
        "fair_value": 334.768526,
        "relative_strength": -12.410146,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.271874,
        "energy": 50.349617,
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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."
    }
  }
}