{"schema_version":"1.0","name":"INDIGOPNTS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"18896d4c-fee2-489a-9943-b426f65b1ec9","symbol":"INDIGOPNTS","name":"Indigo Paints Limited","exchange":"NSI","country":"IN","asset_type":"equity","currency":"INR","sector":"Basic Materials","industry":"Specialty Chemicals"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Activity pressure and cumulative balance, Strength versus the research benchmark, Drawdown and recovery pressure, Acceleration, deceleration and rollover, Range pressure and compression."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-14","observations":260,"displayedObservations":104,"assetType":"Equity","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","evidenceAlignment":{"status":"Underlying strength ahead of price","headline":"Positive Market Dynamics is leading the current price response","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","take":"Treat the gap as an early-upside opportunity watch. 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strength ahead of price","tone":"positive","headline":"Underlying strength is leading price","use":"A positive price response is needed before the early upside case is confirmed.","confirm":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":30.8,"averageReturn":-8.9,"sample":13},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Early repair watch","title":"Prepare the case before price confirms the recovery","tone":"recovery","approach":"Use the improvement to move the ticker onto a watchlist or define an entry trigger. Commitment should rise only after price responds; fading Market Dynamics cancels the early case.","finding":"In this ticker's completed record, 30.8% of comparable cases moved higher after 12 weeks, with an average move of -8.9% across 13 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 75.0% of completed 12-week outcomes were lower across 4 cases. Distinct visits lasted 2.8 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 6.3% across 13 completed cases, with the largest move arriving after 4.4 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2026-05-15","price":985.299988}],"distribution_rollovers":[{"date":"2024-11-15","price":1495.540649}],"price_pressure_gaps":[{"date":"2024-10-18","price":1562.085571}]}},"smTape":{"available":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"close":[1444.9465,1446.0432,1474.8044,1497.5345,1476.7485,1466.9786,1455.9625,1477.3467,1562.0856,1596.5293,1671.1992,1529.7352,1495.5406,1498.1825,1429.1453,1429.4941,1426.0547,1404.6207,1329.8015,1391.4614,1283.8431,1224.526,1223.3795,1263.3063,1251.3431,1082.4139,1074.8373,1016.7164,1060.2323,987.2073,991.3945,939.8035,960.2405,982.6713,1014.3238,1002.4603,985.2135,947.4299,1025.0406,1028.6298,1076.1332,1071.5973,1091.2367,1117.5555,1157.5323,1195.8145,1196.5122,1197.4094,1136.896,1200.8987,1148.8591,1103.798,1133.5,1099.7,1145.4,1146.5,1123.0,1090.6,1084.1,1051.4,1028.6,1032.6,999.9,1004.1,1298.8,1281.2,1283.65,1235.5,1233.9,1188.6,1127.5,1171.2,1200.3,1236.4,1047.5,1044.4,1008.9,973.1,944.0,936.8,873.5,786.85,743.75,730.8,767.6,810.9,838.0,860.05,860.2,974.15,985.3,1003.4,990.9,954.2,995.2,1025.15,1006.25,1065.9,1052.4,1065.1,1048.9,1111.8,1120.5,1148.7],"consensus":[0.0,0.0,26.3321,36.4755,0.0,0.0,-11.84,18.1392,56.485,36.5349,65.1703,-26.2871,-18.1004,0.0,-48.7061,-20.6588,-24.4928,-34.7123,-56.8387,0.0,-60.8308,-60.6815,-44.7966,-9.5443,-31.993,-73.6538,-38.3961,-64.8174,-12.6576,-62.1441,-35.9536,-63.3753,-29.1086,0.0,0.0,-19.9071,-18.2993,-44.9674,27.1176,0.0,40.3023,17.9305,24.8818,40.803,47.9139,51.2259,31.8353,26.6057,-17.7198,40.8058,-19.757,-28.2289,0.0,-27.9564,25.6349,16.1347,-14.0731,-29.5386,-19.3213,-42.5491,-40.7376,-25.3684,-53.1423,-18.168,71.0409,24.277,39.0413,0.0,13.5262,-17.6971,-41.7495,12.5078,16.4591,36.7306,-62.0078,-31.3058,-49.8813,-56.5633,-59.0003,-46.4693,-67.9696,-78.5708,-70.0368,-52.087,-16.9816,0.0,9.6922,11.7919,0.0,63.1088,38.9657,46.1762,20.6887,0.0,35.277,34.0484,15.2726,36.4942,25.377,34.6826,12.5341,57.5762,41.6864,42.3014],"supportDates":["2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"control":[0.0,-27.7245,29.9318,15.19,-18.9134,-36.1315,-14.0123,-40.7836,-38.8274,-22.9643,-56.4277,-10.7547,61.7963,18.3653,33.3311,0.0,22.891,-15.4955,-44.0699,19.6288,20.4585,39.272,-60.1078,-27.2983,-47.8586,-55.332,-61.7946,-49.1913,-67.9324,-79.4826,-65.1412,-47.9335,-4.831,0.0,6.1431,3.4497,0.0,56.1059,34.5817,45.0507,13.9215,0.0,42.7031,37.807,12.8386,28.0363,19.3945,33.4479,3.2101,61.443,41.6745,28.2927],"force":[0.0,-31.5088,42.0241,12.2393,-19.9805,-35.9208,-12.8087,-45.1955,-34.3746,-6.6974,-50.5518,-6.637,98.7628,19.0772,15.8585,0.0,5.0248,-39.3147,-51.9563,32.0172,25.8324,38.1011,-87.4351,-11.2,-44.4679,-54.4615,-55.9075,-25.3146,-72.9955,-89.2927,-75.2554,-31.6761,-29.1286,0.0,40.2816,33.5178,0.0,94.48,29.856,38.1231,8.2184,0.0,28.2352,17.9474,5.8621,19.4704,1.0265,20.1532,9.982,59.1017,23.4231,43.8192],"direction":[0.0,-25.6839,9.0176,19.9968,-4.3217,-17.4451,-30.0406,-42.6765,-47.4657,-41.4523,-51.2379,-44.3582,61.8047,62.0007,62.1264,0.0,16.0744,-4.7722,-31.80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upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Broadly stable","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+42.3","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+28.3","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+43.8","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+57.2","detail":"Upward 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envelope","values":[1274.6315,1279.6321,1290.7091,1299.6002,1302.9161,1311.6579,1318.4992,1329.1263,1337.1989,1338.2123,1328.3091,1345.4977,1362.7448,1375.9262,1368.9263,1366.8382,1360.9617,1352.5092,1334.3993,1328.8753,1298.9425,1257.3598,1220.7592,1197.3202,1174.3969,1115.7578,1064.7541,1007.6574,972.5697,933.1092,915.8774,879.7253,853.2895,839.1291,829.1432,823.2601,821.302,818.4605,822.0866,843.8181,856.5554,863.9851,874.0187,895.3482,915.9193,902.3205,891.922,887.142,886.8071,889.2071,897.0357,915.9724,933.0886,946.9275,957.0177,970.7152,989.9199,1022.5127,1034.0955,1039.6303,1029.5703,1021.8912,1004.5015,988.2911,972.5067,964.038,956.6346,954.7927,954.0724,954.2523,953.2556,956.5368,957.8819,961.2759,951.2888,941.4281,927.8359,911.0355,890.2948,872.6192,845.2276,799.2723,751.0923,704.7921,672.1721,653.03,644.3908,639.2008,638.7961,645.9646,649.7498,659.4993,676.546,708.7727,712.3824,714.0721,714.2328,707.9625,704.0624,700.3277,703.2008,715.7388,741.8703,776.0048],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus 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