{
  "ticker": {
    "uuid": "eed2c9c6-756f-4234-9b43-3c57e167f00d",
    "symbol": "SALZERELEC",
    "name": "Salzer Electronics 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": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -22.147,
    "architecture_energy": 48.096,
    "architecture_maturity": 4.918,
    "architecture_confidence": 76.973,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 42.4,
        "rotation_up": 15.15,
        "upward_expansion": 24.98,
        "deceleration": 49.78,
        "rotation_down": 63.49,
        "downward_expansion": 52.32
      },
      "activity_lines": [
        592.140014,
        605.409104,
        624.09001,
        621.263448
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 608.950012,
    "trend_reference": 616.021669,
    "distance_from_trend": -0.01148,
    "trend_direction": "Weakening",
    "fair_value": 775.806727,
    "distance_from_fair_value": -0.215075,
    "fair_value_direction": "Weakening",
    "relative_strength": -9.848292,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.003518,
    "excess_performance": 0.040191,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.01148,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.045869,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.215075,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.192108,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.098483,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.10958,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.003518,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.235285,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 308074,
      "relative_activity": 1.105566,
      "balance": 0.235285,
      "dry_up": 0.685204,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.066205,
      "annualized_volatility": 0.39948,
      "from_high_reference": -0.360682,
      "from_low_reference": 0.245806
    },
    "levels": {
      "trend_reference": 616.021669,
      "fair_value_reference": 775.806727,
      "structural_low": 488.799988,
      "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": 3,
        "median_return": 0.104015,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.088409,
        "regime_survival": 0.0,
        "best_return": 0.223075,
        "worst_return": 0.07755,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.020572,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.073736,
        "regime_survival": 0.0,
        "best_return": 0.393975,
        "worst_return": -0.041585,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.466007,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.334752,
        "regime_survival": 0.0,
        "best_return": 0.496885,
        "worst_return": -0.151914,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.395828,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.406646,
        "regime_survival": 0.0,
        "best_return": 2.31965,
        "worst_return": -0.360685,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-11-24",
        "end": "2023-12-15",
        "tenure": "New",
        "return": 0.141586,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-22",
        "end": "2024-05-10",
        "tenure": "Established",
        "return": 0.772461,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-05-17",
        "end": "2024-06-21",
        "tenure": "Developing",
        "return": 0.121986,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-06-28",
        "end": "2024-09-27",
        "tenure": "Established",
        "return": 0.030341,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-10-04",
        "end": "2024-10-18",
        "tenure": "New",
        "return": 0.235144,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-25",
        "end": "2025-01-31",
        "tenure": "Established",
        "return": 0.270595,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-02-07",
        "end": "2025-02-28",
        "tenure": "New",
        "return": -0.211445,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-07",
        "end": "2025-03-28",
        "tenure": "New",
        "return": 0.131042,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-04",
        "end": "2025-04-18",
        "tenure": "New",
        "return": 0.025241,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-25",
        "end": "2025-05-02",
        "tenure": "New",
        "return": -0.058343,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-09",
        "end": "2026-05-08",
        "tenure": "Extended",
        "return": -0.184087,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-05-15",
        "end": "2026-06-05",
        "tenure": "New",
        "return": -0.129386,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-12",
        "end": "2026-07-24",
        "tenure": "Developing",
        "return": -0.092849,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.046486,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 1118334.05,
        "trend": 309.169729,
        "fair_value": 198.371477,
        "relative_strength": 27.004527,
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      },
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      {
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      },
      {
        "date": "2026-07-24",
        "close": 575.950012,
        "volume": 126524,
        "typical_volume": 294519.65,
        "trend": 620.590002,
        "fair_value": 772.584938,
        "relative_strength": -13.164387,
        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 581.900024,
        "volume": 180943,
        "typical_volume": 282312.55,
        "trend": 616.890002,
        "fair_value": 774.052222,
        "relative_strength": -13.919044,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -25.969835,
        "energy": 48.922422,
        "activity_lines": [
          588.416683,
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      },
      {
        "date": "2026-08-07",
        "close": 608.950012,
        "volume": 308074,
        "typical_volume": 278657.35,
        "trend": 616.021669,
        "fair_value": 775.806727,
        "relative_strength": -9.848292,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
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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."
    }
  }
}