{
  "ticker": {
    "uuid": "e7b35a4a-6a45-4502-8e0e-e15932592c95",
    "symbol": "SRF",
    "name": "SRF 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "mixed",
    "architecture_direction": -11.256,
    "architecture_energy": 13.145,
    "architecture_maturity": 17.043,
    "architecture_confidence": 61.468,
    "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": 48.94,
        "rotation_up": 23.62,
        "upward_expansion": 25.42,
        "deceleration": 62.1,
        "rotation_down": 49.88,
        "downward_expansion": 34.42
      },
      "activity_lines": [
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        2691.477207,
        2665.021805
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 2615.0,
    "trend_reference": 2667.89908,
    "distance_from_trend": -0.019828,
    "trend_direction": "Weakening",
    "fair_value": 2615.646098,
    "distance_from_fair_value": -0.000247,
    "fair_value_direction": "Weakening",
    "relative_strength": -5.390602,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.098773,
    "excess_performance": -0.055064,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.019828,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.02935,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.000247,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.077275,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.053906,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.057565,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.098773,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.411278,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1459849,
      "relative_activity": 0.653519,
      "balance": 0.411278,
      "dry_up": 1.392453,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.045996,
      "annualized_volatility": 0.247708,
      "from_high_reference": -0.183855,
      "from_low_reference": 0.110403
    },
    "levels": {
      "trend_reference": 2667.89908,
      "fair_value_reference": 2615.646098,
      "structural_low": 2355.0,
      "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": 20,
        "median_return": 0.003931,
        "positive_rate": 0.55,
        "directional_follow_through": 0.55,
        "median_excess_return": 0.001789,
        "regime_survival": 0.5,
        "best_return": 0.06795,
        "worst_return": -0.087241,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": -0.00043,
        "positive_rate": 0.444444,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.033472,
        "regime_survival": 0.222222,
        "best_return": 0.109138,
        "worst_return": -0.080071,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.027546,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": -0.111277,
        "regime_survival": 0.333333,
        "best_return": 0.251417,
        "worst_return": -0.180702,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.147486,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.012989,
        "regime_survival": 0.0,
        "best_return": 0.216949,
        "worst_return": 0.031251,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-10-25",
        "end": "2025-01-17",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-14",
        "end": "2025-05-23",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-08-29",
        "tenure": "New",
        "return": -0.027798,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-09-05",
        "end": "2025-10-03",
        "tenure": "Developing",
        "return": 0.023704,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-12-26",
        "tenure": "Developing",
        "return": 0.025492,
        "active": false
      },
      {
        "regime": "rotation_up",
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        "active": false
      },
      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      {
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      {
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      {
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      },
      {
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "fair_value": 2613.491292,
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        "stage": 4,
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      },
      {
        "date": "2026-08-07",
        "close": 2615.0,
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        "typical_volume": 2233829.1,
        "trend": 2667.89908,
        "fair_value": 2615.646098,
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        "stage": 4,
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        "modifier": "Upper balance after advance",
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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."
    }
  }
}