{"schema_version":"1.0","name":"BBOX Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"742f34c0-c580-45fd-9d68-4aa5478583b0","symbol":"BBOX","name":"Black Box Limited","exchange":"NSI","country":"IN","asset_type":"equity","currency":"INR","sector":"Technology","industry":"Software - Application"},"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, 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":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. 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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.6,"sample":16},{"week":2,"averageReturn":-0.2,"sample":16},{"week":3,"averageReturn":-1.0,"sample":16},{"week":4,"averageReturn":-2.1,"sample":16},{"week":5,"averageReturn":-2.1,"sample":16},{"week":6,"averageReturn":-3.5,"sample":16},{"week":7,"averageReturn":-1.4,"sample":16},{"week":8,"averageReturn":1.4,"sample":15},{"week":9,"averageReturn":0.8,"sample":15},{"week":10,"averageReturn":4.1,"sample":15},{"week":11,"averageReturn":3.9,"sample":15},{"week":12,"averageReturn":4.1,"sample":15},{"week":13,"averageReturn":4.9,"sample":15},{"week":14,"averageReturn":5.4,"sample":15},{"week":15,"averageReturn":6.2,"sample":15},{"week":16,"averageReturn":5.5,"sample":15},{"week":17,"averageReturn":4.0,"sample":15},{"week":18,"averageReturn":4.8,"sample":15},{"week":19,"averageReturn":4.5,"sample":15},{"week":20,"averageReturn":5.6,"sample":15},{"week":21,"averageReturn":9.9,"sample":15},{"week":22,"averageReturn":13.5,"sample":15},{"week":23,"averageReturn":19.4,"sample":15},{"week":24,"averageReturn":20.4,"sample":15},{"week":25,"averageReturn":23.2,"sample":15},{"week":26,"averageReturn":26.9,"sample":15}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"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,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"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":47.1,"averageReturn":17.7,"sample":17},"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, 47.1% of comparable cases moved lower after 12 weeks, with an average move of 17.7% across 17 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, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 44.0 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."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 12.3% across 17 completed cases, with the largest move arriving after 5.9 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":[],"distribution_rollovers":[{"date":"2026-07-10","price":922.400024}],"price_pressure_gaps":[]}},"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":[516.6135,512.2731,520.5049,510.8262,504.0411,510.8761,490.2215,483.2868,501.3969,449.0122,499.2517,538.3656,548.9424,567.8008,627.5694,683.4465,692.2271,645.929,642.2371,663.4405,615.8951,613.4504,645.8791,514.0691,509.4792,453.5023,421.9717,371.9817,371.3331,331.371,358.7607,359.4592,366.4937,339.7027,364.099,402.3648,372.9296,385.8012,439.8324,448.4634,515.2665,559.3195,526.0927,477.4995,498.0044,541.9078,523.8475,523.6979,493.5642,503.3427,497.9545,469.9162,478.3477,452.0,444.5,449.1,488.9,495.8,558.85,575.4,535.85,568.9,530.65,543.05,556.95,514.8,533.8,528.5,516.55,515.85,550.9,557.4,510.95,507.7,479.55,515.2,529.75,544.5,513.6,533.5,512.15,496.35,504.35,461.6,471.95,523.75,541.25,550.1,639.6,748.4,878.75,955.35,1037.15,1072.9,1018.6,1023.0,957.9,994.95,922.4,825.5,778.45,755.5,744.45,795.85],"consensus":[28.1393,10.873,18.9046,16.6598,17.421,18.1433,-9.8327,0.0,28.4704,-50.6987,35.3282,50.8147,29.6661,34.8998,70.2862,69.4909,45.8765,0.0,17.1384,26.8627,-29.0252,0.0,32.0277,-66.3366,-32.9264,-69.4864,-62.9865,-71.9725,-31.9418,-69.2995,-18.3479,-33.5343,-28.4818,-32.4272,0.0,23.1886,-32.5119,0.0,50.1156,18.5458,70.5841,63.9309,12.2428,-11.4612,23.2326,39.1759,0.0,20.5191,-16.3374,0.0,0.0,-37.829,0.0,-40.637,-31.6192,-18.4476,36.6968,20.4542,70.2783,43.2937,-11.0601,58.6759,-28.8355,17.8338,31.5651,-43.6759,19.2709,-8.2881,-22.2607,0.0,34.8316,25.7231,-38.8755,-15.603,-47.7785,14.4022,19.055,23.5539,-20.1646,18.5038,-17.2532,-29.8515,0.0,-55.1544,-13.3722,40.9237,36.4289,35.704,73.3362,82.3169,87.8554,81.9644,83.8682,46.5255,41.6263,32.1245,8.7761,41.1377,-14.3705,-53.6205,-50.3151,-44.7429,-45.4253,-11.3353],"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,-43.0467,-30.1598,-18.8284,34.433,13.8573,69.5367,32.3999,-17.8287,52.6628,-25.4653,23.2866,28.2832,-36.9499,16.0087,-7.4537,-17.9134,0.0,35.2388,27.9316,-42.2757,-17.1198,-46.0793,29.871,18.7053,14.8719,-23.6537,14.9243,-14.9855,-26.712,0.0,-55.422,-5.8239,42.2313,38.6269,34.4626,70.878,84.266,90.7159,79.5669,82.5348,34.6285,37.5438,19.8932,14.7192,63.2815,-15.4315,-50.9635,-46.2425,-39.5145,-43.9477,-14.34],"force":[0.0,-43.4273,-23.6433,-4.8313,75.132,23.4375,94.0738,42.131,-66.5244,80.3381,-76.8778,26.4815,38.9822,-85.1948,41.48,-15.0364,-31.1431,0.0,52.3013,17.7599,-65.1917,-8.8421,-52.9044,37.7582,29.296,34.3921,-49.2805,32.4263,-23.846,-32.0522,0.0,-64.9165,-7.7348,68.857,40.3583,30.5432,94.0836,95.6374,97.4937,88.4338,89.2174,15.6497,0.4567,1.1529,30.2288,21.1545,-44.8102,-80.6196,-56.3175,-37.4067,-30.6585,-61.6974],"direction":[0.0,-35.89,-38.9843,-27.7382,11.8304,25.8625,54.1292,56.5743,-36.2928,50.0751,-1.6289,5.4251,30.018,-21.7065,7.1355,-4.4214,-20.8844,0.0,21.8878,28.8871,-16.1923,-18.6988,-46.0592,19.9594,12.1398,25.7347,-4.6201,12.6501,-15.1356,-31.8676,0.0,-47.8756,-37.0753,19.4769,31.1102,40.8092,61.326,70.5747,77.7016,80.0835,81.5712,82.1763,76.3513,69.8725,29.8445,30.1042,-8.5847,-37.3719,-50.6821,-55.9583,-57.6617,-28.0716],"intensity":[23.0769,25.0,19.2308,1.9231,53.8462,42.3077,88.4615,78.8462,50.0,44.2308,51.9231,19.2308,13.4615,61.5385,13.4615,3.8462,11.5385,9.6154,69.2308,53.8462,71.1538,67.3077,40.3846,53.8462,46.1538,71.1538,67.3077,25.0,59.6154,15.3846,7.6923,76.9231,9.6154,88.4615,57.6923,21.1538,100.0,100.0,100.0,94.2308,92.3077,100.0,88.4615,50.0,94.2308,67.3077,84.6154,90.3846,78.8462,76.9231,9.6154,71.1538],"confirmation":[2.6476,81.0522,77.8973,50.8158,80.9488,74.7368,91.2256,81.9846,35.5356,87.5281,56.4237,51.2206,78.3769,83.3441,52.2266,25.5372,75.4604,1.1959,79.6723,75.9551,81.1904,72.7638,83.4712,32.0094,74.415,75.9999,53.6058,74.4001,73.7565,77.6674,2.6409,85.9428,28.0676,81.927,79.7435,79.2869,92.1373,94.7177,96.3639,94.4623,95.0212,82.1285,57.5309,55.0313,30.6445,80.2176,30.0081,86.0219,84.3458,82.1738,82.1086,33.7716],"persistence":[0.0,25.0,37.5,62.5,37.5,25.0,12.5,12.5,0.0,25.0,25.0,50.0,50.0,25.0,25.0,0.0,0.0,12.5,12.5,12.5,12.5,12.5,37.5,12.5,12.5,25.0,0.0,0.0,0.0,0.0,12.5,12.5,37.5,37.5,12.5,12.5,12.5,37.5,50.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,50.0,25.0,0.0,25.0,25.0],"assessmentRisk":[21.1697,27.1187,32.9462,26.1475,3.0624,37.796,14.8473,28.3485,52.2041,20.1703,22.4351,48.6089,15.6345,25.0825,4.4802,18.1308,32.1225,2.8015,8.0709,27.899,9.4207,7.541,25.8235,53.8858,22.1832,33.1319,54.618,22.9268,22.0862,33.0755,16.4995,22.1159,39.4358,18.2009,25.704,32.0519,13.3277,8.839,6.0721,9.0178,8.0659,26.737,28.6345,26.3802,48.5736,64.6531,38.1727,22.7707,24.0413,27.4981,26.828,29.6053],"volumeParticipation":true,"latest":{"consensus":-11.3,"control":-14.3,"force":-61.7,"direction":-28.1,"confirmation":33.8,"persistence":25.0,"assessmentRisk":29.6,"intensity":71.2,"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 easing","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-11.3","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-14.3","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-61.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-28.1","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"34/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"52.8","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"9.8%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"26.4","detail":"Directional","tone":"positive"},{"label":"Range position","value":"53%","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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