{"schema_version":"1.0","name":"BELLACASA Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"4865b36b-6c6a-4e05-b641-3897ebc2af1d","symbol":"BELLACASA","name":"Bella Casa Fashion & Retail Limited","exchange":"NSI","country":"IN","asset_type":"equity","currency":"INR","sector":"Consumer Cyclical","industry":"Textile Manufacturing"},"summary":"Market Dynamics eased this week but remains positive. The broader path has not changed enough to establish a new direction. Price structure remains downward.","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, Drawdown and recovery pressure, Range position and boundary pressure, Activity pressure and cumulative balance, Directional strength and control, Acceleration, deceleration and rollover."},{"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":57,"displayedObservations":57,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics eased this week but remains positive. 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clear response.","confirm":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"weakening","zone":"accumulation","zoneContext":"Price is testing accumulation conditions and a recent green marker confirms a recovery through the zone. Market Dynamics is now read for follow-through.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","sample":0},"nowContext":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price remains downward while Market Dynamics is positive","detail":"The positive Market Dynamics reading has not yet reversed the downward price structure."}},"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":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","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, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 6.0 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."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2026-07-03","price":265.25},{"date":"2026-08-07","price":241.850006}],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[419.4579,420.5525,407.4165,390.3495,411.5464,432.3949,413.4372,410.8,404.8,410.4,400.05,431.95,409.3,449.0,468.15,425.8,455.3,407.05,424.65,403.05,398.95,387.9,378.0,371.85,379.5,347.15,335.85,328.65,316.0,318.65,310.55,288.6,278.2,268.3,270.15,259.4,246.4,249.57,284.44,286.9,260.76,259.66,265.6,239.15,237.45,231.55,239.9,229.26,234.96,244.96,265.25,255.95,245.45,239.5,237.0,241.85,223.74],"consensus":[-55.0173,-21.0162,-28.0375,-35.0486,0.0,24.7716,-10.0698,0.0,-17.2483,0.0,-26.5807,45.3353,-20.5379,50.558,49.0224,-30.344,39.587,-44.3224,0.0,-33.1917,-26.368,-28.285,-40.3468,-34.2814,-9.2779,-54.4295,-48.6088,-35.5533,-51.1406,-25.4175,-32.8853,-62.5106,-46.8322,-46.808,-27.6839,-49.77,-51.2475,-20.8661,27.1427,0.0,-37.969,-15.5256,-10.3243,-50.1386,-18.4212,-32.738,-14.2909,-26.5894,-12.2105,0.0,23.8337,8.8201,-13.1248,-23.4677,-25.4403,0.0,-46.7514],"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":[24.5248,-17.217,0.0,-17.7494,0.0,-25.4635,34.5285,-24.2155,35.5583,39.057,-30.2412,33.9475,-36.6805,0.0,-35.1779,-24.8521,-28.1875,-43.9788,-36.6831,-2.5768,-57.5901,-52.7028,-28.8996,-53.4791,-21.4082,-30.8483,-59.2886,-49.7711,-41.4319,-22.7451,-50.7796,-50.0235,-18.1403,22.719,0.0,-48.233,-24.9119,-8.4869,-55.4153,-13.2462,-31.9127,-10.1351,-32.5107,-15.6599,0.0,19.2563,0.8439,-22.4826,-26.1508,-26.1812,0.0,-43.2078],"force":[21.3378,-14.582,0.0,-17.381,0.0,-30.2664,77.2829,-40.5865,76.9076,47.5261,-67.7187,52.6926,-79.8589,0.0,-42.3959,-17.79,-26.0576,-32.5551,-22.087,-9.3366,-56.0101,-37.0197,-22.6642,-39.4985,-1.6273,-17.2721,-78.9634,-30.525,-40.846,-2.5332,-48.356,-52.3759,-4.1936,74.7474,0.0,-56.2692,-3.402,-1.6211,-52.1487,-1.7006,-26.8919,-1.7265,-14.3875,-1.7993,0.0,22.3172,3.9655,-20.997,-34.1966,-23.9479,0.0,-72.0169],"direction":[27.5065,-1.3213,0.0,-16.5807,0.0,-25.2249,34.8663,-2.0146,48.8793,61.4803,-3.7652,36.671,-27.6729,0.0,-24.3474,-34.2275,-29.9876,-41.7614,-40.247,-30.2323,-49.6883,-52.2078,-52.3641,-56.7838,-46.9925,-46.3655,-54.441,-55.1216,-57.2106,-51.2931,-49.6261,-51.8403,-41.881,1.8051,0.0,-13.1672,-13.4581,-20.9566,-42.6721,-36.2788,-37.8569,-30.4812,-28.5379,-18.2754,0.0,30.1483,21.4031,-3.1928,-12.7378,-25.6595,0.0,-32.7543],"intensity":[100.0,83.3333,28.5714,37.5,11.1111,50.0,90.9091,66.6667,100.0,85.7143,80.0,62.5,94.1176,55.5556,42.1053,55.0,61.9048,27.2727,8.6957,4.1667,80.0,46.1538,70.3704,28.5714,20.6897,36.6667,48.3871,68.75,36.3636,8.8235,54.2857,36.1111,45.9459,86.8421,43.5897,65.0,63.4146,38.0952,67.4419,61.3636,88.8889,82.6087,17.0213,2.0833,28.5714,76.0,25.4902,17.3077,3.8462,1.9231,1.9231,50.0],"confirmation":[75.826,48.8662,2.1231,73.5158,25.0008,76.6352,83.6456,52.4604,85.2102,83.7934,56.184,81.1532,83.3826,5.0432,78.8716,76.1994,76.9848,80.6182,78.5618,4.4955,85.4174,83.1392,79.0856,83.9746,52.803,78.0785,88.5539,82.4446,82.8788,53.5009,83.8679,84.4522,52.1829,55.9223,24.6807,80.5514,49.789,48.6469,84.0252,50.7974,78.3106,49.8499,76.0465,49.145,24.4896,75.6503,25.4627,50.3117,75.7958,76.0841,48.048,44.64],"persistence":[50.0,57.1429,50.0,50.0,37.5,37.5,12.5,25.0,25.0,0.0,12.5,12.5,0.0,12.5,12.5,12.5,37.5,62.5,62.5,87.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,62.5,62.5,62.5,62.5,62.5,62.5,62.5,87.5,100.0,100.0,87.5,62.5,37.5,37.5,37.5,37.5,25.0,25.0],"assessmentRisk":[18.77,22.1826,43.9926,12.8597,42.9354,24.4421,20.4712,23.3047,22.8586,25.3795,2.1841,28.2207,23.5839,48.0543,17.8364,35.3184,16.3446,26.7512,23.8604,27.639,18.6111,23.3414,30.5603,24.2982,34.4373,32.1362,18.7098,26.5477,26.5938,36.1292,24.8378,24.2109,37.7498,25.9325,45.9225,56.7212,37.8996,37.7819,24.6964,36.4633,31.3537,39.6005,15.2222,1.9812,33.1665,33.938,43.9437,39.6964,10.4864,36.5715,38.8297,25.2622],"volumeParticipation":true,"latest":{"consensus":-46.8,"control":-43.2,"force":-72.0,"direction":-32.8,"confirmation":44.6,"persistence":25.0,"assessmentRisk":25.3,"intensity":50.0,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"negative","supportedView":"Price structure","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":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-46.8","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-43.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-72.0","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction 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trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,415.067,417.5806,421.3265,421.6578,424.1498,422.8832,423.0141,421.5352,419.8623,417.4947,414.5692,411.4048,409.0415,404.4569,399.3749,394.136,388.3482,383.1853,377.805,371.1972,364.3085,357.1968,350.7488,343.9823,336.754,330.2959,326.8991,323.9362,319.2565,314.842,311.1944,305.8578,300.7905,295.6616,291.5311,286.9185,283.0697,280.2467,279.1359,277.4184,275.0504,272.417,269.7935,267.7236,264.4656],"stroke":"#07865c","width":1.8},{"label":"Upper 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envelope","values":[null,null,null,null,null,null,null,null,null,391.2115,389.9147,389.4791,390.0502,386.4444,380.3394,381.8415,381.267,381.0667,382.2923,381.6043,379.5132,375.6621,370.9578,367.2948,363.2685,352.2138,340.0929,328.0629,314.8244,303.8303,292.6352,278.6023,263.8198,251.3902,244.8606,234.1586,227.3789,218.438,219.3853,219.9024,218.3798,217.4506,218.0987,215.8302,217.8965,215.6705,215.2637,213.7065,212.9421,215.7722,220.2173,221.5555,221.3525,220.067,218.8423,218.0099,214.9198],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,0.0,-3.1235,-7.1817,-2.1415,0.0,-4.3843,-4.9942,-6.3819,-5.0868,-7.4804,-0.1029,-5.3412,0.0,0.0,-9.0462,-2.7448,-13.0514,-9.2919,-13.9058,-14.7816,-17.1419,-19.2566,-20.5703,-18.9362,-25.8464,-28.2602,-29.7981,-32.5003,-31.9342,-33.6644,-38.3531,-40.5746,-42.6893,-42.2941,-44.5904,-47.3673,-46.6902,-39.2417,-38.7162,-44.2999,-44.5349,-43.266,-48.9159,-49.2791,-50.5394,-48.7557,-51.0285,-49.811,-47.6749,-43.3408,-45.3274,-47.5702,-48.8412,-49.3752,-48.3392,-52.2076],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,5.239,3.7019,5.1365,2.4851,10.6572,4.8547,15.0251,19.931,9.0817,16.639,4.2783,8.7871,3.2536,2.2033,0.0,0.0,0.0,2.0573,0.0,0.0,0.0,0.0,0.8386,0.0,0.0,0.0,0.0,0.6895,0.0,0.0,1.2865,15.4383,16.4367,5.8279,5.3815,7.7922,0.0,0.0,0.0,3.6061,0.0,2.4863,6.8481,15.6983,11.6418,7.0619,4.4665,3.3761,5.4916,0.0],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior 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map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,50.9647,45.2901,50.5864,40.7978,70.9675,49.5461,65.5719,79.2078,49.0521,70.0579,35.701,48.2332,32.8528,29.9333,22.0651,15.0157,10.6365,16.0838,4.4529,1.7341,13.5315,7.0477,9.4502,7.3413,2.6126,3.0095,5.4684,9.3738,5.0858,2.449,10.581,23.1649,24.9859,15.5958,15.1723,19.7388,8.2695,8.0093,5.8262,10.1315,5.0293,8.658,14.908,27.1493,24.8261,20.2004,15.5556,13.5354,19.8712,8.2125],"stroke":"#10243b","width":2.0},{"label":"From 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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 norm","values":[null,null,null,null,null,null,null,35.1269,57.5201,32.4038,55.3463,208.6277,83.7116,406.1721,94.7862,100.2413,104.6217,248.4766,148.7812,70.2792,28.5395,69.178,39.0885,41.667,40.6542,42.4067,42.2761,112.8627,48.6454,54.7131,63.2247,208.897,42.7614,238.1528,296.5445,281.931,183.8977,130.1844,138.533,71.4583,91.6827,41.6734,62.4351,40.9893,34.0156,85.0668,9.2013,13.1195,15.2312,0.0,19.2417,13.4953,57.2784,249.7771,55.646,115.4007,139.9698],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,111.4727,99.96,105.9925,96.1292,135.0,119.7097,135.0,135.0,129.0045,135.0,118.7987,128.7698,124.1323,122.2521,117.7255,115.1685,112.5807,115.0283,112.5996,110.2073,103.5421,100.6647,103.9525,100.1043,87.0297,84.3781,70.8836,89.633,69.8585,65.0,72.3261,80.1081,84.1333,78.793,76.3911,80.0397,77.6376,75.6436,70.5219,71.0696,70.3187,71.1794,71.1794,72.2218,71.5569,68.714,65.0,65.0,68.3602,65.0],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical 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quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,33.2179,34.6044,35.8919,37.2847,38.6592,40.1719,41.7754,43.5189,45.2587,46.8743,48.5907,50.4298,51.4661,51.1104,50.9792,50.9516,49.7651,49.0604,48.6324,46.3535,44.2374,42.6489,40.9428,39.147,36.6283,34.2979,32.4137,30.8668,29.5083,27.9749,27.4457],"stroke":"#10243b","width":2.0},{"label":"Positive 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