{
  "ticker": {
    "uuid": "fd3f9c61-2c7f-4f3c-9c25-68b60987bad8",
    "symbol": "SCHAND",
    "name": "S Chand And Company 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": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -57.559,
    "architecture_energy": 44.461,
    "architecture_maturity": 8.047,
    "architecture_confidence": 91.43,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 22.07,
        "rotation_up": 14.56,
        "upward_expansion": 7.63,
        "deceleration": 43.08,
        "rotation_down": 60.8,
        "downward_expansion": 83.3
      },
      "activity_lines": [
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        151.795794
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 145.309998,
    "trend_reference": 153.053254,
    "distance_from_trend": -0.050592,
    "trend_direction": "Weakening",
    "fair_value": 204.93183,
    "distance_from_fair_value": -0.290935,
    "fair_value_direction": "Weakening",
    "relative_strength": -10.278096,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.101638,
    "excess_performance": -0.057929,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.050592,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.035023,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.290935,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.098518,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.102781,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.063167,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.101638,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.685678,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 150588,
      "relative_activity": 1.089082,
      "balance": 0.685678,
      "dry_up": 0.881209,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.062345,
      "annualized_volatility": 0.365233,
      "from_high_reference": -0.276597,
      "from_low_reference": 0.144056
    },
    "levels": {
      "trend_reference": 153.053254,
      "fair_value_reference": 204.93183,
      "structural_low": 127.013048,
      "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": 28,
        "median_return": -0.006982,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.017467,
        "regime_survival": 0.785714,
        "best_return": 0.23172,
        "worst_return": -0.119452,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
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        "directional_follow_through": 0.454545,
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        "worst_return": -0.15295,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
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        "worst_return": -0.135142,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.333333,
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        "worst_return": -0.2643,
        "sufficient": false
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        "regime": "balance",
        "label": "Balance",
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        "end": "2024-03-22",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "tenure": "Established",
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      },
      {
        "regime": "balance",
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      {
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-06-20",
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        "active": false
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
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        "regime": "rotation_down",
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      {
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      },
      {
        "date": "2026-04-17",
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      {
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      },
      {
        "date": "2026-06-05",
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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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      },
      {
        "date": "2026-07-10",
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        "fair_value": 206.11907,
        "relative_strength": -9.496811,
        "stage": 4,
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        "modifier": "Upper balance after advance",
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      },
      {
        "date": "2026-07-17",
        "close": 149.330002,
        "volume": 139237,
        "typical_volume": 152946.2,
        "trend": 154.57092,
        "fair_value": 205.854743,
        "relative_strength": -9.058995,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -53.235813,
        "energy": 34.617735,
        "activity_lines": [
          149.394663,
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      },
      {
        "date": "2026-07-24",
        "close": 147.690002,
        "volume": 104075,
        "typical_volume": 148677.3,
        "trend": 154.179587,
        "fair_value": 205.567924,
        "relative_strength": -7.186165,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -55.752236,
        "energy": 30.102487,
        "activity_lines": [
          148.818665,
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          153.110923
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      },
      {
        "date": "2026-07-31",
        "close": 142.100006,
        "volume": 93481,
        "typical_volume": 141277.25,
        "trend": 153.61492,
        "fair_value": 205.196433,
        "relative_strength": -12.172824,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.892854,
        "energy": 45.265782,
        "activity_lines": [
          146.558002,
          147.778363,
          151.755837,
          152.331595
        ]
      },
      {
        "date": "2026-08-07",
        "close": 145.309998,
        "volume": 150588,
        "typical_volume": 138270.55,
        "trend": 153.053254,
        "fair_value": 204.93183,
        "relative_strength": -10.278096,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.55853,
        "energy": 44.46062,
        "activity_lines": [
          145.714668,
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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."
    }
  }
}