{"schema_version":"1.0","name":"WHEELS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"3ce9e87f-9cf5-4dfb-8838-829db4b3ecda","symbol":"WHEELS","name":"Wheels India Limited","exchange":"NSI","country":"IN","asset_type":"equity","currency":"INR","sector":"Consumer Cyclical","industry":"Auto Parts"},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","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, Acceleration, deceleration and rollover, Drawdown and recovery pressure, Directional strength and control, 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":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":13,"completedEpisodes":11,"activeEpisodes":2,"medianExpectedMove":5.2,"averageExpectedMove":13.9,"averageWeeksToLargestMove":4.5,"horizons":[{"weeks":4,"sample":13,"expectedCount":4,"expectedPercent":30.8,"averageReturn":2.2,"medianReturn":-4.7,"confidenceLow":12.7,"confidenceHigh":57.6,"confidence":"Mixed historical record"},{"weeks":12,"sample":11,"expectedCount":3,"expectedPercent":27.3,"averageReturn":1.6,"medianReturn":-4.0,"confidenceLow":9.7,"confidenceHigh":56.6,"confidence":"Mixed historical record"},{"weeks":26,"sample":10,"expectedCount":4,"expectedPercent":40.0,"averageReturn":-3.2,"medianReturn":-6.7,"confidenceLow":16.8,"confidenceHigh":68.7,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.0,"sample":13},{"week":2,"averageReturn":0.1,"sample":13},{"week":3,"averageReturn":2.5,"sample":13},{"week":4,"averageReturn":2.2,"sample":13},{"week":5,"averageReturn":2.5,"sample":13},{"week":6,"averageReturn":1.2,"sample":12},{"week":7,"averageReturn":1.9,"sample":12},{"week":8,"averageReturn":2.5,"sample":12},{"week":9,"averageReturn":3.9,"sample":11},{"week":10,"averageReturn":2.5,"sample":11},{"week":11,"averageReturn":2.8,"sample":11},{"week":12,"averageReturn":1.6,"sample":11},{"week":13,"averageReturn":1.0,"sample":11},{"week":14,"averageReturn":0.8,"sample":11},{"week":15,"averageReturn":-0.1,"sample":11},{"week":16,"averageReturn":2.6,"sample":11},{"week":17,"averageReturn":-2.1,"sample":10},{"week":18,"averageReturn":-2.2,"sample":10},{"week":19,"averageReturn":-0.6,"sample":10},{"week":20,"averageReturn":-1.2,"sample":10},{"week":21,"averageReturn":-2.5,"sample":10},{"week":22,"averageReturn":-1.5,"sample":10},{"week":23,"averageReturn":-3.0,"sample":10},{"week":24,"averageReturn":-4.3,"sample":10},{"week":25,"averageReturn":-4.0,"sample":10},{"week":26,"averageReturn":-3.2,"sample":10}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-13.9,"medianReturn":-13.9,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-10.9,"sample":1},{"week":2,"averageReturn":-9.6,"sample":1},{"week":3,"averageReturn":-12.1,"sample":1},{"week":4,"averageReturn":-13.9,"sample":1},{"week":5,"averageReturn":-15.9,"sample":1},{"week":6,"averageReturn":-17.2,"sample":1},{"week":7,"averageReturn":-14.3,"sample":1},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Underlying support lags price","tone":"caution","headline":"Price is leading its underlying support","use":"Market Dynamics must catch up or price may correct toward the weaker underlying position.","confirm":"This is a downside risk watch, not a completed reversal. Stronger Market Dynamics or weaker price is needed to close the gap.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":59.1,"averageReturn":6.5,"sample":22},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"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, 59.1% of comparable cases moved lower after 12 weeks, with an average move of 6.5% across 22 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 55.6% of completed 12-week outcomes were higher across 9 cases. Distinct visits lasted 4.3 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 12.2% across 22 completed cases, with the largest move arriving after 6.2 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":"2025-04-25","price":668.187805},{"date":"2025-05-16","price":722.712708}],"distribution_rollovers":[{"date":"2026-06-05","price":1479.153931},{"date":"2026-06-19","price":1544.476563},{"date":"2026-07-03","price":1491.599976}],"price_pressure_gaps":[{"date":"2026-06-26","price":1674.400024}]}},"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":[831.8474,785.5031,785.3074,782.5179,763.6279,756.5319,717.3815,727.7563,761.3278,676.1757,683.9568,695.7999,664.8711,680.6291,706.3216,731.4267,725.2605,695.3105,666.6818,730.8884,671.9182,673.1906,671.0862,685.3761,686.5598,618.687,598.0,555.0009,589.479,574.1608,602.4329,570.8608,614.5003,628.6857,661.5877,668.1878,658.5832,637.3544,722.7127,752.6595,728.8203,733.9919,737.8831,748.2758,778.7152,809.4993,791.4257,808.8174,792.4692,745.4616,719.7218,713.6099,750.232,728.4674,727.6227,738.0577,802.2582,858.1605,871.4279,931.2059,905.3667,941.5913,896.5715,899.9008,879.3287,851.9491,856.2225,823.2278,836.8928,846.5328,855.1293,879.2294,806.0844,775.624,726.9767,757.5366,857.35,866.35,897.6,901.8,880.25,898.7,1027.2,1082.1,974.35,1043.85,1067.05,1041.9301,1221.2441,1321.9622,1458.8712,1667.8636,1566.7479,1479.1539,1625.3094,1544.4766,1674.4,1491.6,1513.1,1472.1,1441.7,1407.5,1386.8,1435.6],"consensus":[35.0924,-22.7776,0.0,0.0,-17.8163,-22.3485,-43.4841,-12.1166,15.2117,-59.1036,-22.1673,-12.7813,-45.4088,0.0,11.9442,24.604,0.0,-24.5698,-40.6249,37.719,-47.0569,0.0,-14.937,0.0,0.0,-56.6257,-45.8398,-64.1662,0.0,-41.5311,0.0,-42.1975,24.2422,22.8104,39.7435,21.0684,0.0,-10.2791,59.675,55.1143,0.0,28.3932,21.5297,24.9266,52.2221,55.5613,17.8341,42.99,0.0,-33.7398,-35.4404,-30.855,14.0473,-24.3875,0.0,0.0,56.609,61.5055,34.7144,70.1994,13.0962,58.0598,-8.7616,13.8484,0.0,-29.0823,0.0,-39.4948,0.0,0.0,0.0,34.7728,-50.7996,-48.9524,-61.1814,0.0,48.0454,18.3131,42.4919,26.9783,12.9532,28.159,71.0724,66.6724,-11.9255,61.5616,45.6031,0.0,73.6506,75.503,80.406,82.0882,12.146,14.7137,56.2999,18.8716,48.4005,-17.2934,20.5631,-10.2958,-16.8378,-25.1594,-28.4794,-15.055],"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":[24.4963,-29.5346,0.0,0.0,51.5229,53.9074,21.0682,66.8528,2.1128,50.7988,-11.7956,19.1735,0.0,-27.5001,0.0,-38.4118,0.0,0.0,0.0,35.2611,-49.9557,-52.6312,-63.5048,0.0,45.4468,10.5164,33.5081,21.0894,14.2796,22.1823,67.2378,61.5656,-21.3695,54.1287,50.3983,0.0,68.6998,73.9042,80.083,80.4656,0.6577,1.0261,59.6374,32.3734,50.3996,-23.1295,36.3003,-7.9086,-9.1751,-20.6646,-25.8386,-23.9645],"force":[29.8464,-28.7571,0.0,0.0,85.9438,81.5586,24.9775,85.4081,32.1511,67.6232,-68.3699,0.4182,0.0,-46.758,0.0,-48.8447,0.0,0.0,0.0,45.5202,-76.0207,-41.9002,-58.128,0.0,83.0392,8.7786,54.1345,12.0776,2.1215,36.8919,93.7439,79.1876,-71.2377,83.7201,38.0102,0.0,93.7856,86.8814,91.6164,91.6,51.7195,26.4608,36.7706,13.3034,30.1249,-66.4668,11.893,-28.7293,-26.009,-36.9522,-28.7644,-34.816],"direction":[9.1794,-15.384,0.0,0.0,41.4683,55.8655,57.265,63.1609,57.9681,59.527,-37.2832,17.953,0.0,-18.2651,0.0,-34.0542,0.0,0.0,0.0,26.5379,-33.7489,-49.7854,-60.7072,0.0,26.0196,34.0341,44.443,44.3519,22.2049,28.7518,59.2609,63.5693,-41.2335,54.2288,45.5464,0.0,64.9265,69.2028,72.7677,77.1484,72.397,62.1124,66.4351,26.4232,59.1698,-24.5002,8.7706,-0.1427,-19.0443,-21.873,-31.2938,-9.2423],"intensity":[59.6154,17.3077,5.7692,3.8462,96.1538,96.1538,94.2308,84.6154,75.0,59.6154,71.1538,51.9231,40.3846,32.6923,9.6154,50.0,28.8462,84.6154,30.7692,25.0,94.2308,96.1538,75.0,40.3846,100.0,100.0,76.9231,32.6923,59.6154,75.0,100.0,94.2308,98.0769,80.7692,86.5385,26.9231,100.0,100.0,96.1538,100.0,86.5385,80.7692,94.2308,92.3077,98.0769,96.1538,82.6923,38.4615,38.4615,30.7692,36.5385,44.2308],"confirmation":[29.4424,75.8587,24.6088,25.1864,87.0864,88.4087,79.0198,90.9783,9.8381,86.9812,35.1945,49.3381,27.5654,77.8691,24.3486,80.9398,27.6883,24.3205,1.3111,79.4474,85.0374,83.3938,87.4496,9.8691,84.4806,73.6884,82.0891,76.2687,49.4513,77.3681,91.4925,89.7944,36.943,88.4883,82.2885,5.9185,92.2573,92.5321,94.0765,94.5828,13.3093,9.5573,85.3699,30.3573,82.9007,34.837,74.0761,26.5899,73.7844,76.4789,77.1623,29.9224],"persistence":[12.5,12.5,25.0,37.5,25.0,0.0,25.0,50.0,50.0,75.0,62.5,75.0,62.5,37.5,25.0,0.0,12.5,25.0,12.5,12.5,25.0,25.0,37.5,25.0,12.5,0.0,12.5,12.5,37.5,62.5,87.5,100.0,75.0,75.0,75.0,62.5,62.5,62.5,62.5,62.5,87.5,87.5,87.5,100.0,100.0,75.0,75.0,50.0,25.0,0.0,25.0,25.0],"assessmentRisk":[53.9829,18.0495,19.1296,34.6152,18.7589,19.2159,32.6321,14.8992,43.1702,20.1052,35.2143,43.6404,28.1163,34.8615,39.4026,28.8852,41.327,8.3039,3.7664,30.6017,13.5219,24.6731,19.3979,46.2235,18.0933,39.5957,28.7268,36.414,18.9098,18.8021,13.7394,16.5419,51.1275,18.3973,6.659,30.4003,13.0841,12.2108,9.7941,8.9559,43.8543,38.3899,17.9408,50.2664,13.3757,13.8274,47.0277,21.6036,39.464,18.7245,26.2845,24.058],"volumeParticipation":true,"latest":{"consensus":-15.1,"control":-24.0,"force":-34.8,"direction":-9.2,"confirmation":29.9,"persistence":25.0,"assessmentRisk":24.1,"intensity":44.2,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-15.1","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-24.0","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-34.8","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-9.2","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"30/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"57.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"8.5%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"29.1","detail":"Directional","tone":"positive"},{"label":"Range position","value":"67%","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 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