{
  "ticker": {
    "uuid": "ee33c2b5-5045-44b4-b390-b76caee28b45",
    "symbol": "TOTAL",
    "name": "Total Transport Systems 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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Structural repair",
    "architecture_gate": "mixed",
    "architecture_direction": 35.375,
    "architecture_energy": 25.263,
    "architecture_maturity": 21.995,
    "architecture_confidence": 61.679,
    "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": 51.75,
        "rotation_up": 51.98,
        "upward_expansion": 30.55,
        "deceleration": 40.2,
        "rotation_down": 21.19,
        "downward_expansion": 23.88
      },
      "activity_lines": [
        57.125332,
        54.816181,
        54.062666,
        54.671806
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 69.599998,
    "trend_reference": 56.872,
    "distance_from_trend": 0.223801,
    "trend_direction": "Weakening",
    "fair_value": 86.115669,
    "distance_from_fair_value": -0.191785,
    "fair_value_direction": "Improving",
    "relative_strength": 11.297608,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.060652,
    "excess_performance": 0.104361,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.223801,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.101908,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.191785,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.183771,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.112976,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.247509,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.060652,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.453106,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 634663,
      "relative_activity": 9.991121,
      "balance": 4.453106,
      "dry_up": 2.877582,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.088439,
      "annualized_volatility": 0.605177,
      "from_high_reference": -0.208101,
      "from_low_reference": 0.546667
    },
    "levels": {
      "trend_reference": 56.872,
      "fair_value_reference": 86.115669,
      "structural_low": 45.0,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": -0.080036,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.166667,
        "median_excess_return": -0.107745,
        "regime_survival": 0.166667,
        "best_return": 0.340759,
        "worst_return": -0.176333,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.214726,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.285391,
        "regime_survival": 0.0,
        "best_return": 1.226972,
        "worst_return": -0.368174,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.206293,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.267661,
        "regime_survival": 0.0,
        "best_return": 0.655027,
        "worst_return": -0.389447,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.38508,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.296569,
        "regime_survival": 0.0,
        "best_return": 0.616633,
        "worst_return": -0.316871,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-02-23",
        "end": "2024-06-28",
        "tenure": "Established",
        "return": 0.034315,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-07-05",
        "end": "2024-07-26",
        "tenure": "New",
        "return": -0.075546,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-02",
        "end": "2024-09-13",
        "tenure": "Developing",
        "return": -0.137798,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-09-20",
        "end": "2025-03-28",
        "tenure": "Extended",
        "return": -0.257081,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-04",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.121468,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-06",
        "end": "2025-08-01",
        "tenure": "Developing",
        "return": -0.059645,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-08",
        "end": "2025-08-15",
        "tenure": "New",
        "return": -0.029642,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-22",
        "end": "2025-08-29",
        "tenure": "New",
        "return": -0.057297,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-09-05",
        "end": "2025-10-03",
        "tenure": "Developing",
        "return": -0.012672,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-10",
        "end": "2025-12-19",
        "tenure": "Developing",
        "return": 0.036304,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-12-26",
        "end": "2026-01-09",
        "tenure": "New",
        "return": -0.055128,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-16",
        "end": "2026-02-13",
        "tenure": "Developing",
        "return": -0.128481,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-20",
        "end": "2026-07-31",
        "tenure": "Established",
        "return": -0.258613,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 127.235168,
        "volume": 41003,
        "typical_volume": 193528.8,
        "trend": 136.463246,
        "fair_value": 87.608169,
        "relative_strength": -18.729198,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -25.154092,
        "energy": 36.463562,
        "activity_lines": [
          130.183099,
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      },
      {
        "date": "2023-08-25",
        "close": 120.967911,
        "volume": 96117,
        "typical_volume": 196674.75,
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        "relative_strength": -22.478461,
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        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.562376,
        "energy": 47.088703,
        "activity_lines": [
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      },
      {
        "date": "2023-09-01",
        "close": 120.470512,
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        "typical_volume": 196927.6,
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      },
      {
        "date": "2023-09-08",
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        "typical_volume": 182234.1,
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        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.155207,
        "energy": 54.198042,
        "activity_lines": [
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      },
      {
        "date": "2023-09-15",
        "close": 120.420776,
        "volume": 50537,
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        "fair_value": 89.813979,
        "relative_strength": -25.471256,
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        "modifier": "Structural failure",
        "gate": "down",
        "direction": -67.177238,
        "energy": 69.736427,
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      },
      {
        "date": "2023-09-22",
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        "typical_volume": 207942.1,
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        "stage": 3,
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        "modifier": "Structural failure",
        "gate": "down",
        "direction": -19.440898,
        "energy": 14.777179,
        "activity_lines": [
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      },
      {
        "date": "2023-09-29",
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        "relative_strength": -10.896414,
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        "modifier": "Balance after decline",
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        "direction": -24.080981,
        "energy": 17.578477,
        "activity_lines": [
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      },
      {
        "date": "2023-10-06",
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      },
      {
        "date": "2023-10-13",
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        "modifier": "Balance after decline",
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      },
      {
        "date": "2023-10-20",
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      },
      {
        "date": "2023-10-27",
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      },
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        "date": "2023-11-03",
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      },
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      },
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        "date": "2023-11-24",
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      },
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      },
      {
        "date": "2026-04-24",
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        "fair_value": 94.464565,
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      },
      {
        "date": "2026-05-08",
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        "trend": 64.812,
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        "date": "2026-05-15",
        "close": 54.139999,
        "volume": 39275,
        "typical_volume": 61069.4,
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        "relative_strength": -17.537564,
        "stage": 4,
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      },
      {
        "date": "2026-05-22",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 53.439999,
        "volume": 13421,
        "typical_volume": 59876.8,
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      {
        "date": "2026-06-05",
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        "relative_strength": -21.002566,
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        "date": "2026-06-12",
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        "stage": 4,
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        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 45897.75,
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        "stage": 4,
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 88.077269,
        "relative_strength": -12.976385,
        "stage": 4,
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      },
      {
        "date": "2026-07-17",
        "close": 53.419998,
        "volume": 19152,
        "typical_volume": 45440.0,
        "trend": 58.775667,
        "fair_value": 87.571254,
        "relative_strength": -15.230652,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.15562,
        "energy": 18.832015,
        "activity_lines": [
          53.206666,
          52.537818,
          53.165524,
          54.979441
        ]
      },
      {
        "date": "2026-07-24",
        "close": 49.98,
        "volume": 57798,
        "typical_volume": 41563.15,
        "trend": 57.884,
        "fair_value": 87.03681,
        "relative_strength": -18.149315,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.778637,
        "energy": 21.310366,
        "activity_lines": [
          52.353333,
          52.070727,
          52.820286,
          54.411979
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      },
      {
        "date": "2026-07-31",
        "close": 49.279999,
        "volume": 19554,
        "typical_volume": 37133.2,
        "trend": 56.968667,
        "fair_value": 86.501387,
        "relative_strength": -20.744481,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.876198,
        "energy": 30.701587,
        "activity_lines": [
          51.317333,
          51.552,
          52.455381,
          53.856882
        ]
      },
      {
        "date": "2026-08-07",
        "close": 69.599998,
        "volume": 634663,
        "typical_volume": 63522.7,
        "trend": 56.872,
        "fair_value": 86.115669,
        "relative_strength": 11.297608,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 35.375147,
        "energy": 25.263332,
        "activity_lines": [
          57.125332,
          54.816181,
          54.062666,
          54.671806
        ]
      }
    ],
    "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."
    }
  }
}