{
  "ticker": {
    "uuid": "fd6b67cc-bc57-4177-8c35-a576c1780d85",
    "symbol": "PVP",
    "name": "PVP Ventures 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 93.409,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 61.7,
    "architecture_energy": 32.618,
    "architecture_maturity": 39.685,
    "architecture_confidence": 69.694,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 50.21,
        "rotation_up": 47.19,
        "upward_expansion": 69.65,
        "deceleration": 62.02,
        "rotation_down": 24.79,
        "downward_expansion": 12.65
      },
      "activity_lines": [
        29.908667,
        29.456728,
        29.426143,
        29.144624
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 34.740002,
    "trend_reference": 29.045333,
    "distance_from_trend": 0.196061,
    "trend_direction": "Weakening",
    "fair_value": 26.063654,
    "distance_from_fair_value": 0.332891,
    "fair_value_direction": "Improving",
    "relative_strength": 17.250561,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.172065,
    "excess_performance": 0.215774,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.196061,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.056653,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.332891,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.075282,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.172506,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.039774,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.172065,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.105631,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 22674861,
      "relative_activity": 2.35596,
      "balance": 1.105631,
      "dry_up": 0.711538,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.095169,
      "annualized_volatility": 0.74304,
      "from_high_reference": -0.118498,
      "from_low_reference": 0.878854
    },
    "levels": {
      "trend_reference": 29.045333,
      "fair_value_reference": 26.063654,
      "structural_low": 23.0,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 16,
        "median_return": 0.033228,
        "positive_rate": 0.5625,
        "directional_follow_through": 0.5625,
        "median_excess_return": 0.028079,
        "regime_survival": 0.625,
        "best_return": 0.373832,
        "worst_return": -0.278912,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.064,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": 0.12247,
        "regime_survival": 0.428571,
        "best_return": 0.475309,
        "worst_return": -0.064122,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.351852,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.27573,
        "regime_survival": 0.2,
        "best_return": 2.594339,
        "worst_return": -0.230424,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.296,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.25734,
        "regime_survival": 0.333333,
        "best_return": 1.78395,
        "worst_return": -0.291134,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-05-03",
        "end": "2024-08-09",
        "tenure": "Established",
        "return": -0.077868,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-08-30",
        "tenure": "New",
        "return": 0.301653,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "Developing",
        "return": -0.266806,
        "active": false
      },
      {
        "regime": "balance",
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        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "tenure": "New",
        "return": 0.130284,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2025-02-28",
        "tenure": "Developing",
        "return": -0.148929,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-07",
        "end": "2025-08-29",
        "tenure": "Established",
        "return": -0.113336,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-01-09",
        "tenure": "Established",
        "return": 0.041736,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2026-02-13",
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        "active": false
      },
      {
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
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      {
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        "active": false
      },
      {
        "regime": "balance",
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        "return": 0.345469,
        "active": true
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    ],
    "chart_path": [
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      },
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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        "date": "2026-05-15",
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      {
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      {
        "date": "2026-06-05",
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      {
        "date": "2026-06-12",
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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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        "typical_volume": 8514546.65,
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        "fair_value": 25.569231,
        "relative_strength": -2.997248,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
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        "energy": 20.742673,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 1936470,
        "typical_volume": 8571779.7,
        "trend": 29.585,
        "fair_value": 25.692372,
        "relative_strength": 1.343337,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -34.561773,
        "energy": 19.916902,
        "activity_lines": [
          28.675333,
          28.981818,
          29.185952,
          29.077398
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      },
      {
        "date": "2026-07-24",
        "close": 27.309999,
        "volume": 741752,
        "typical_volume": 8568327.65,
        "trend": 29.265666,
        "fair_value": 25.804936,
        "relative_strength": -3.29233,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -47.072997,
        "energy": 34.049579,
        "activity_lines": [
          28.163333,
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          29.051286,
          28.930623
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      },
      {
        "date": "2026-07-31",
        "close": 26.77,
        "volume": 2039601,
        "typical_volume": 8609887.8,
        "trend": 28.927333,
        "fair_value": 25.914038,
        "relative_strength": -8.033736,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -50.782194,
        "energy": 44.124527,
        "activity_lines": [
          27.640666,
          28.378182,
          28.865667,
          28.769613
        ]
      },
      {
        "date": "2026-08-07",
        "close": 34.740002,
        "volume": 22674861,
        "typical_volume": 9624467.2,
        "trend": 29.045333,
        "fair_value": 26.063654,
        "relative_strength": 17.250561,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 61.699667,
        "energy": 32.618312,
        "activity_lines": [
          29.908667,
          29.456728,
          29.426143,
          29.144624
        ]
      }
    ],
    "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."
    }
  }
}