{"schema_version":"1.0","name":"MITCON Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"39bc282a-496f-4c62-b049-40c60b6bc43e","symbol":"MITCON","name":"MITCON Consultancy & Engineering Services Limited","exchange":"NSI","country":"IN","asset_type":"equity","currency":"INR","sector":"Industrials","industry":"Engineering & Construction"},"summary":"The technical trend and the underlying tape are moving in opposite directions. Price is holding its upward structure without confirmation from Market Dynamics.","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, Strength versus the research benchmark, Drawdown and recovery pressure, Range pressure and compression, Range position and boundary pressure, Activity pressure and cumulative balance."},{"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":"The technical trend and the underlying tape are moving in opposite directions. 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":20.0,"averageExpectedMove":20.0,"averageWeeksToLargestMove":12.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-9.8,"medianReturn":-9.8,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-20.0,"medianReturn":-20.0,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-41.5,"medianReturn":-41.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-4.6,"sample":1},{"week":2,"averageReturn":-7.4,"sample":1},{"week":3,"averageReturn":-8.1,"sample":1},{"week":4,"averageReturn":-9.8,"sample":1},{"week":5,"averageReturn":-10.3,"sample":1},{"week":6,"averageReturn":-12.2,"sample":1},{"week":7,"averageReturn":-14.1,"sample":1},{"week":8,"averageReturn":-18.0,"sample":1},{"week":9,"averageReturn":-19.0,"sample":1},{"week":10,"averageReturn":-16.9,"sample":1},{"week":11,"averageReturn":-9.5,"sample":1},{"week":12,"averageReturn":-20.0,"sample":1},{"week":13,"averageReturn":-19.6,"sample":1},{"week":14,"averageReturn":-21.3,"sample":1},{"week":15,"averageReturn":-16.5,"sample":1},{"week":16,"averageReturn":-16.3,"sample":1},{"week":17,"averageReturn":-18.9,"sample":1},{"week":18,"averageReturn":-19.1,"sample":1},{"week":19,"averageReturn":-19.0,"sample":1},{"week":20,"averageReturn":-24.1,"sample":1},{"week":21,"averageReturn":-23.2,"sample":1},{"week":22,"averageReturn":-30.8,"sample":1},{"week":23,"averageReturn":-33.2,"sample":1},{"week":24,"averageReturn":-33.9,"sample":1},{"week":25,"averageReturn":-37.9,"sample":1},{"week":26,"averageReturn":-41.5,"sample":1}]},"currentApplication":{"status":"Evidence conflict","tone":"negative","headline":"Market Dynamics is negative while price remains rotational","use":"Treat the pressure as context until price establishes a clear response.","confirm":"The gap can close through improving Market Dynamics or weakening price. Until one occurs, the upward structure carries elevated reversal risk and should not be read as fully aligned.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"middle","zoneContext":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":43.8,"averageReturn":12.9,"sample":16},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price structure is upward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"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":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"In this ticker's completed record, 43.8% of comparable cases moved lower after 12 weeks, with an average move of 12.9% across 16 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, 100.0% of completed 12-week outcomes were lower across 3 cases. Distinct visits lasted 1.7 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 unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 10.8% across 16 completed cases, with the largest move arriving after 4.8 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2026-04-10","price":70.0}],"distribution_rollovers":[{"date":"2024-08-30","price":134.279999}],"price_pressure_gaps":[{"date":"2024-08-23","price":140.690002}]}},"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":[140.69,134.28,130.21,129.27,126.89,126.25,123.51,120.82,115.34,113.92,116.88,127.37,112.56,113.05,110.71,117.52,117.81,114.08,113.79,113.95,106.83,107.99,97.37,93.97,92.97,87.35,82.28,77.82,79.2,73.02,74.25,70.53,71.94,72.76,73.91,74.51,74.5,70.05,74.41,88.92,84.21,81.01,85.03,84.53,86.01,82.99,82.02,80.77,78.64,78.97,71.45,70.78,69.57,72.27,69.76,65.03,64.9,66.52,70.12,66.77,66.41,75.39,73.76,69.33,68.11,72.27,70.41,68.57,68.69,69.16,68.27,66.88,65.05,62.0,55.66,60.3,59.57,59.61,58.14,58.5,53.94,51.92,53.27,56.71,59.97,70.0,71.83,82.36,79.96,84.0,80.51,77.62,83.88,89.98,79.15,81.08,82.6,76.57,74.52,74.95,72.02,73.5,79.32,79.59],"consensus":[0.0,-13.6094,-13.2035,-17.8622,-23.3342,-19.0571,-27.4826,-28.5913,-42.1098,-27.0416,-9.2979,27.5438,-43.4097,-15.2332,-31.809,0.0,0.0,-19.4622,-8.9745,-10.6668,-43.0655,0.0,-56.0953,-39.9624,-38.2485,-45.9892,-50.5938,-50.8633,-28.2959,-56.7607,-32.0641,-45.4526,-20.6395,0.0,-15.6458,-12.4455,-8.9507,-35.7916,0.0,52.6454,0.0,0.0,29.3796,0.0,23.6166,-11.62,-8.8535,-17.8417,-20.9979,0.0,-50.5196,-30.2264,-34.8525,0.0,-28.5116,-51.9862,-28.7826,-20.0744,13.169,-24.838,-9.6549,44.7907,0.0,-20.3311,-10.5092,18.1431,-14.3539,-20.4683,0.0,0.0,-12.0498,-19.7093,-27.6096,-37.9797,-58.7999,0.0,-24.8837,-19.9065,-14.3891,-10.6712,-42.4144,-38.6565,-15.8928,13.8206,25.7588,61.8744,45.6868,70.8579,24.6887,54.7321,13.3876,0.0,48.3536,54.7468,-15.9788,19.3902,16.3207,-32.5139,-20.1149,-9.9723,-29.7816,0.0,30.2726,-17.1359],"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":[-37.4042,0.0,-34.7907,-54.2559,-32.3032,-21.3378,18.8456,-36.3994,-13.8626,33.9698,0.0,-33.849,-17.6524,17.5242,-15.945,-29.3751,0.0,0.0,-13.6259,-25.6094,-32.4186,-34.8441,-61.0783,0.0,-22.6346,-21.435,-18.4328,-9.255,-40.5148,-36.054,-15.3967,15.3068,22.8093,53.3136,46.1963,65.723,15.8764,44.4446,7.6798,0.0,47.2792,57.4256,-26.4299,17.4637,21.1279,-34.8765,-19.9618,-3.505,-26.4451,0.0,29.5618,-15.3008],"force":[-26.2735,0.0,-26.0765,-66.3519,-12.0356,-1.6285,30.3504,-24.1317,-0.1154,79.1007,0.0,-29.1558,-8.3422,42.9435,-22.9647,-24.7297,0.0,0.0,-11.8013,-17.6999,-23.26,-41.0762,-62.0699,0.0,-14.6697,-9.0031,-7.3467,-3.0462,-49.6432,-35.4491,-9.8314,50.0157,40.5807,89.4368,32.0213,87.9814,12.9273,60.7575,31.8153,0.0,53.8179,50.4858,-40.5683,10.7131,4.0178,-44.8792,-18.4399,-2.9644,-25.2674,0.0,43.84,-15.0598],"direction":[-38.0642,0.0,-23.075,-39.1309,-36.7213,-31.806,5.591,-12.1295,-11.6601,32.6503,0.0,-1.4214,-3.8933,1.1359,-6.3849,-7.2452,0.0,0.0,-10.4259,-14.4016,-25.2205,-39.3515,-53.8604,0.0,-34.7499,-25.9477,-14.7981,-22.0878,-39.422,-43.9219,-34.8343,13.7315,18.5426,51.9706,54.8657,64.4952,61.6283,62.1854,52.1987,0.0,45.6783,54.7287,-13.5293,27.7898,19.6147,-20.9815,-21.4862,-22.3693,-36.8191,0.0,21.394,-20.7162],"intensity":[46.1538,32.6923,36.5385,50.0,32.6923,65.3846,25.0,23.0769,21.1538,98.0769,63.4615,53.8462,19.2308,71.1538,36.5385,11.5385,23.0769,3.8462,1.9231,3.8462,17.3077,65.3846,73.0769,59.6154,36.5385,3.8462,82.6923,44.2308,65.3846,44.2308,30.7692,34.6154,32.6923,94.2308,94.2308,96.1538,86.5385,71.1538,46.1538,69.2308,88.4615,94.2308,94.2308,13.4615,50.0,75.0,50.0,3.8462,23.0769,11.5385,75.0,1.9231],"confirmation":[78.8525,5.7864,76.9538,85.0388,76.6464,51.1757,51.1773,75.7505,48.0681,83.5436,3.925,52.2055,48.5214,51.9044,50.1648,51.8773,0.8975,24.0551,71.8243,74.1558,76.6292,80.2957,86.8809,7.427,75.6858,74.0145,49.6616,49.0015,81.8219,80.312,29.0733,31.0991,76.7395,88.7702,82.1956,91.2746,32.3127,85.8547,9.7807,5.2159,83.656,85.3483,31.2563,73.9698,50.1078,78.7453,74.3881,25.7428,77.4434,25.5035,78.1116,44.64],"persistence":[87.5,75.0,75.0,75.0,75.0,87.5,62.5,62.5,62.5,50.0,37.5,37.5,37.5,12.5,37.5,37.5,25.0,37.5,50.0,50.0,50.0,75.0,75.0,62.5,75.0,87.5,87.5,87.5,87.5,87.5,87.5,75.0,50.0,25.0,0.0,25.0,50.0,75.0,100.0,87.5,87.5,87.5,62.5,62.5,62.5,37.5,12.5,0.0,25.0,37.5,12.5,12.5],"assessmentRisk":[32.4435,47.0269,13.2339,22.9804,33.1737,38.8866,0.2677,39.2482,28.6629,26.5146,35.3258,40.8055,27.2676,43.0725,28.6123,0.1006,9.0583,34.8204,21.6164,13.6904,26.7549,29.7009,20.5975,47.1391,35.8107,25.302,46.4267,26.7624,27.5999,30.4418,39.7798,34.5643,35.186,19.0471,27.1468,14.5705,37.6461,22.4814,41.1835,39.3152,9.6087,16.1051,3.7727,17.5222,19.2818,32.588,24.2161,35.2979,34.0443,24.804,22.7884,29.0108],"volumeParticipation":true,"latest":{"consensus":-17.1,"control":-15.3,"force":-15.1,"direction":-20.7,"confirmation":44.6,"persistence":12.5,"assessmentRisk":29.0,"intensity":1.9,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the Market Dynamics view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward Market Dynamics view stronger support.","take":"Current assessment: the visible price structure remains vulnerable until Market Dynamics changes.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-17.1","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-15.3","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-15.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-20.7","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"45/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"55.7","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"10.0%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"19.7","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"72%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price 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