{
  "ticker": {
    "uuid": "f3d6123c-7d64-4d4f-9fa9-143039959586",
    "symbol": "JAGRAN",
    "name": "Jagran Prakashan 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": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 61.089,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "mixed",
    "architecture_direction": 4.6,
    "architecture_energy": 8.091,
    "architecture_maturity": 27.688,
    "architecture_confidence": 51.563,
    "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": 67.25,
        "rotation_up": 18.43,
        "upward_expansion": 23.62,
        "deceleration": 69.62,
        "rotation_down": 34.37,
        "downward_expansion": 23.62
      },
      "activity_lines": [
        63.452,
        63.886909,
        62.988088,
        62.472637
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 63.459999,
    "trend_reference": 62.700792,
    "distance_from_trend": 0.012108,
    "trend_direction": "Weakening",
    "fair_value": 76.689153,
    "distance_from_fair_value": -0.172504,
    "fair_value_direction": "Improving",
    "relative_strength": -3.442943,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.071679,
    "excess_performance": -0.02797,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.012108,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.030742,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.172504,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.071691,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.034429,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.077897,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.071679,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.035441,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1201641,
      "relative_activity": 0.880516,
      "balance": 2.035441,
      "dry_up": 0.818404,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.046421,
      "annualized_volatility": 0.296886,
      "from_high_reference": -0.152737,
      "from_low_reference": 0.21275
    },
    "levels": {
      "trend_reference": 62.700792,
      "fair_value_reference": 76.689153,
      "structural_low": 52.327365,
      "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": 2,
        "median_return": -0.034401,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.059746,
        "regime_survival": 0.0,
        "best_return": -0.026507,
        "worst_return": -0.042295,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": 0.019446,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.085233,
        "regime_survival": 0.0,
        "best_return": 0.019446,
        "worst_return": 0.019446,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.064657,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.080874,
        "regime_survival": 0.0,
        "best_return": 0.064657,
        "worst_return": 0.064657,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.031729,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.30451,
        "regime_survival": 0.0,
        "best_return": -0.031729,
        "worst_return": -0.031729,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-03-08",
        "end": "2024-03-22",
        "tenure": "New",
        "return": -0.076993,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-03-29",
        "end": "2024-05-17",
        "tenure": "Developing",
        "return": -0.093035,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-05-24",
        "end": "2024-06-07",
        "tenure": "New",
        "return": -0.067946,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-06-14",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": 0.085596,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-09",
        "end": "2024-09-13",
        "tenure": "Developing",
        "return": 0.12106,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-09-20",
        "end": "2024-09-27",
        "tenure": "New",
        "return": 0.013752,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-04",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": -0.098188,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2025-06-06",
        "tenure": "Extended",
        "return": -0.061273,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-13",
        "end": "2025-07-25",
        "tenure": "Developing",
        "return": 0.00014,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-01",
        "end": "2025-09-12",
        "tenure": "Developing",
        "return": -0.01684,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-19",
        "end": "2025-12-05",
        "tenure": "Developing",
        "return": -0.025014,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-12",
        "end": "2026-06-19",
        "tenure": "Extended",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-06-26",
        "end": "2026-07-24",
        "tenure": "Developing",
        "return": -0.035895,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.006886,
        "active": true
      }
    ],
    "chart_path": [
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      },
      {
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      },
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 77.48453,
        "relative_strength": -1.086994,
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 77.397346,
        "relative_strength": -2.262733,
        "stage": 1,
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      },
      {
        "date": "2026-07-17",
        "close": 63.209999,
        "volume": 992420,
        "typical_volume": 1334841.35,
        "trend": 63.452459,
        "fair_value": 77.188616,
        "relative_strength": -3.566772,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 14.907587,
        "energy": 16.670859,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 62.849998,
        "volume": 1316916,
        "typical_volume": 1368174.25,
        "trend": 63.173125,
        "fair_value": 77.018676,
        "relative_strength": -1.667155,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 10.502069,
        "energy": 9.111102,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 63.900002,
        "volume": 956526,
        "typical_volume": 1367049.15,
        "trend": 62.894125,
        "fair_value": 76.860285,
        "relative_strength": -2.304253,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 7.350607,
        "energy": 9.25164,
        "activity_lines": [
          63.552667,
          64.069967,
          62.803582,
          62.436129
        ]
      },
      {
        "date": "2026-08-07",
        "close": 63.459999,
        "volume": 1201641,
        "typical_volume": 1364700.6,
        "trend": 62.700792,
        "fair_value": 76.689153,
        "relative_strength": -3.442943,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 4.600381,
        "energy": 8.091125,
        "activity_lines": [
          63.452,
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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."
    }
  }
}