{
  "ticker": {
    "uuid": "f74b9db9-ede7-4685-a706-1f61de8ea329",
    "symbol": "LINDEINDIA",
    "name": "Linde India 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 88.506,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Momentum cooling",
    "architecture_gate": "mixed",
    "architecture_direction": -10.741,
    "architecture_energy": 20.403,
    "architecture_maturity": 29.047,
    "architecture_confidence": 48.011,
    "architecture_tenure": "Developing",
    "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": 49.81,
        "rotation_up": 21.17,
        "upward_expansion": 23.79,
        "deceleration": 54.0,
        "rotation_down": 48.04,
        "downward_expansion": 37.46
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 7112.5,
    "trend_reference": 6948.617934,
    "distance_from_trend": 0.023585,
    "trend_direction": "Improving",
    "fair_value": 6704.271562,
    "distance_from_fair_value": 0.060891,
    "fair_value_direction": "Weakening",
    "relative_strength": 8.265924,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.173099,
    "excess_performance": 0.216808,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.023585,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.056251,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.060891,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.144423,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.082659,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.150347,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.173099,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.587877,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 170064,
      "relative_activity": 1.037192,
      "balance": 0.587877,
      "dry_up": 0.76866,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.057098,
      "annualized_volatility": 0.294077,
      "from_high_reference": -0.11635,
      "from_low_reference": 0.253746
    },
    "levels": {
      "trend_reference": 6948.617934,
      "fair_value_reference": 6704.271562,
      "structural_low": 6094.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 22,
        "median_return": 0.000924,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.008593,
        "regime_survival": 0.636364,
        "best_return": 0.165799,
        "worst_return": -0.104881,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.100405,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.020998,
        "regime_survival": 0.0,
        "best_return": 0.276138,
        "worst_return": -0.111304,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.274967,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.113744,
        "regime_survival": 0.0,
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        "worst_return": -0.296583,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.184559,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.200047,
        "regime_survival": 0.25,
        "best_return": 1.392714,
        "worst_return": -0.26432,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2025-04-18",
        "tenure": "Established",
        "return": -0.040193,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-25",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.101585,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": -0.007594,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-08-15",
        "tenure": "Developing",
        "return": -0.083957,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2025-09-12",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-10-03",
        "tenure": "New",
        "return": -0.014015,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-10",
        "end": "2025-12-19",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-26",
        "end": "2026-01-02",
        "tenure": "New",
        "return": -8.4e-05,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-09",
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        "tenure": "New",
        "return": 0.016843,
        "active": false
      },
      {
        "regime": "balance",
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        "end": "2026-02-06",
        "tenure": "New",
        "return": 0.0,
        "active": false
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      {
        "regime": "rotation_up",
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      {
        "regime": "upward_expansion",
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        "active": true
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      },
      {
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      },
      {
        "date": "2026-07-24",
        "close": 6719.604492,
        "volume": 112379,
        "typical_volume": 181268.15,
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        "fair_value": 6679.627294,
        "relative_strength": 6.030263,
        "stage": 2,
        "regime": "deceleration",
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      },
      {
        "date": "2026-07-31",
        "close": 6758.538505,
        "volume": 127710,
        "typical_volume": 171089.55,
        "trend": 6908.451267,
        "fair_value": 6690.367885,
        "relative_strength": 3.874746,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -23.321253,
        "energy": 30.411677,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 7112.5,
        "volume": 170064,
        "typical_volume": 163965.85,
        "trend": 6948.617934,
        "fair_value": 6704.271562,
        "relative_strength": 8.265924,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "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."
    }
  }
}