{"schema_version":"1.0","name":"CENTUM Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"76fac312-9464-4f4a-8b3f-4f87ef17e559","symbol":"CENTUM","name":"Centum Electronics Limited","exchange":"NSI","country":"IN","asset_type":"equity","currency":"INR","sector":"Technology","industry":"Electronic Components"},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","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, Directional strength and control, Activity pressure and cumulative balance, 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 eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","evidenceAlignment":{"status":"Rollover warning","headline":"Price has moved below distribution as Market Dynamics weakened","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","take":"The prior extension has started to roll over. Further price weakness would confirm the downside transition; a recovery in both readings would remove the 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":19,"completedEpisodes":17,"activeEpisodes":2,"medianExpectedMove":26.3,"averageExpectedMove":21.7,"averageWeeksToLargestMove":7.4,"horizons":[{"weeks":4,"sample":17,"expectedCount":9,"expectedPercent":52.9,"averageReturn":3.5,"medianReturn":0.4,"confidenceLow":31.0,"confidenceHigh":73.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":17,"expectedCount":11,"expectedPercent":64.7,"averageReturn":8.9,"medianReturn":10.3,"confidenceLow":41.3,"confidenceHigh":82.7,"confidence":"Mixed historical record"},{"weeks":26,"sample":14,"expectedCount":8,"expectedPercent":57.1,"averageReturn":19.8,"medianReturn":7.3,"confidenceLow":32.6,"confidenceHigh":78.6,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":2.1,"sample":18},{"week":2,"averageReturn":3.6,"sample":18},{"week":3,"averageReturn":1.6,"sample":17},{"week":4,"averageReturn":3.5,"sample":17},{"week":5,"averageReturn":4.7,"sample":17},{"week":6,"averageReturn":4.7,"sample":17},{"week":7,"averageReturn":7.6,"sample":17},{"week":8,"averageReturn":9.2,"sample":17},{"week":9,"averageReturn":9.4,"sample":17},{"week":10,"averageReturn":10.7,"sample":17},{"week":11,"averageReturn":11.2,"sample":17},{"week":12,"averageReturn":8.9,"sample":17},{"week":13,"averageReturn":7.9,"sample":17},{"week":14,"averageReturn":6.8,"sample":16},{"week":15,"averageReturn":6.8,"sample":16},{"week":16,"averageReturn":6.7,"sample":16},{"week":17,"averageReturn":4.9,"sample":15},{"week":18,"averageReturn":11.9,"sample":15},{"week":19,"averageReturn":16.5,"sample":15},{"week":20,"averageReturn":17.3,"sample":14},{"week":21,"averageReturn":16.9,"sample":14},{"week":22,"averageReturn":19.5,"sample":14},{"week":23,"averageReturn":18.8,"sample":14},{"week":24,"averageReturn":19.9,"sample":14},{"week":25,"averageReturn":19.1,"sample":14},{"week":26,"averageReturn":19.8,"sample":14}]}},"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":"Rollover warning","tone":"negative","headline":"Price has moved below distribution as Market Dynamics weakened","use":"The upward trend may still be visible, but this transition increases downside risk. Further price weakness would confirm the rollover.","confirm":"Further price weakness with weak Market Dynamics would confirm the rollover.","invalidate":"A recovery in both price and Market Dynamics would remove the rollover warning.","level":"positive","direction":"weakening","zone":"middle","zoneContext":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":35.7,"averageReturn":13.6,"sample":14},"nowContext":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price has moved below distribution","detail":"Price left the upper zone as Market Dynamics weakened."}},"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, 35.7% of comparable cases moved lower after 12 weeks, with an average move of 13.6% across 14 cases.","watch":"A recovery in both price and Market Dynamics would remove the rollover warning."},{"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 4.0 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 10.7% across 14 completed cases, with the largest move arriving after 5.2 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":"2025-05-02","price":1676.873047}],"distribution_rollovers":[{"date":"2026-07-24","price":3588.586914},{"date":"2026-08-14","price":3538.5}],"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":[1557.3385,1700.4109,1807.5779,1747.5862,1744.694,1848.0211,1853.8058,1769.7279,1858.8425,1665.0044,1824.3835,1784.3394,1631.792,1616.3328,1565.5668,1663.209,2265.8682,2125.738,2130.675,2114.1685,1888.2649,1836.4518,1763.8434,1718.2139,1816.0555,1550.8556,1288.9471,1200.4308,1167.6174,1279.173,1478.9954,1590.5509,1565.0183,1620.8709,1757.161,1616.9312,1676.873,1625.0099,1999.1222,2313.8911,2488.9292,2349.5969,2235.2986,2264.1228,2493.8162,2354.4839,2307.7075,2319.676,2278.7,2103.1001,2421.3,2484.2,2741.3999,2753.5,2965.7,2705.6001,2832.0,2617.8999,2459.2,2693.3999,2543.8999,2527.3999,2512.8,2420.6001,2446.2,2473.7,2364.2,2210.8999,2302.8,2177.6001,2456.3999,2266.8,2092.6001,2305.7,2202.8999,2324.3999,2316.8,2307.1001,2542.8,2660.3,2855.6001,2673.5,2987.8,2804.3,2836.5,2815.3999,3084.8,2803.8999,2847.8999,3104.7,3010.8,3187.6001,3484.0,3459.8999,3582.8,3539.0,3557.1326,3621.7388,3642.3088,3706.0161,3588.5869,3543.1001,3851.8,3538.5],"consensus":[-14.0562,32.4294,46.6938,0.0,11.3298,44.2233,20.0799,-8.9192,35.6672,-45.0742,31.717,0.0,-46.4953,-20.7795,-36.4587,8.1337,69.591,0.0,27.0091,26.6756,-41.133,-17.0407,-35.8245,-26.3162,9.5913,-59.8175,-67.3438,-57.2345,-48.8258,-9.0526,30.2672,28.4982,0.0,28.5567,46.3909,-17.9711,24.4152,0.0,66.9252,72.2023,65.836,8.9036,13.9143,19.108,55.0489,0.0,11.3372,12.5147,0.0,-35.3074,53.1316,32.7462,61.165,38.9474,67.7665,-8.4409,44.0588,-24.8424,-38.7893,39.7526,-28.3076,-11.5246,0.0,-29.2644,0.0,-8.6138,-37.5364,-51.5018,0.0,-46.8165,38.8469,-35.108,-53.3407,27.0494,-31.8552,22.7217,0.0,0.0,51.7039,43.1846,61.7842,0.0,65.934,0.0,20.0621,21.5981,59.0857,-25.7834,8.6718,54.1705,0.0,48.2101,62.4783,26.0206,49.3681,33.9027,26.8278,24.3067,31.7299,36.6658,0.0,0.0,62.6022,37.2623],"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":[54.1437,37.7891,65.301,-14.6593,50.6939,-25.4557,-33.0521,43.0039,-25.9037,-10.5941,0.0,-25.5116,0.0,-7.2887,-41.758,-55.3877,0.0,-48.3378,37.9666,-45.6148,-56.3743,22.0156,-27.0551,25.6401,0.0,0.0,43.1249,32.9417,54.6489,0.0,61.2249,0.0,23.7035,22.5277,60.282,-26.4374,7.3255,49.5773,0.0,38.1719,63.4737,18.6815,52.112,32.7718,29.003,18.69,38.172,37.4178,0.0,0.0,68.3073,32.6655],"force":[79.2356,15.8674,80.6483,-65.9666,41.9235,-58.8291,-60.909,71.5451,-43.8778,-10.2047,0.0,-27.3143,0.0,-1.8636,-36.0742,-49.6919,0.0,-40.7064,82.0852,-44.8551,-56.6898,72.5205,-36.1326,47.3366,0.0,0.0,83.136,56.2502,82.259,0.0,87.3521,0.0,7.8428,7.0392,81.0332,-77.2008,1.8873,73.2473,0.0,68.1919,68.2892,0.6338,33.1582,9.9089,4.6852,2.6111,12.0712,22.9919,0.0,0.0,75.4796,87.7364],"direction":[56.2818,56.7569,61.3829,-39.7555,38.0009,-0.1347,-29.5464,13.328,-19.9333,-13.5308,0.0,-34.9464,0.0,-14.9499,-33.7561,-48.3535,0.0,-49.4423,8.9683,-16.1379,-47.4815,0.323,-34.2857,1.8044,0.0,0.0,39.0571,45.5582,55.3139,0.0,56.0171,0.0,24.6287,30.9349,42.0418,-11.6907,15.0566,45.7937,0.0,45.4095,57.1901,52.5415,57.8107,52.3336,40.158,46.2227,38.4093,45.5733,0.0,0.0,46.884,6.4628],"intensity":[96.1538,57.6923,76.9231,76.9231,61.5385,67.3077,51.9231,73.0769,40.3846,19.2308,1.9231,32.6923,1.9231,46.1538,48.0769,46.1538,23.0769,36.5385,84.6154,61.5385,55.7692,69.2308,63.4615,28.8462,32.6923,7.6923,80.7692,90.3846,61.5385,53.8462,90.3846,57.6923,3.8462,19.2308,84.6154,86.5385,59.6154,76.9231,21.1538,50.0,100.0,88.4615,26.9231,13.4615,13.4615,51.9231,11.5385,25.0,25.0,25.0,92.3077,94.2308],"confirmation":[88.2305,79.7774,90.1154,35.5073,81.9326,54.3381,81.1741,81.6402,77.5696,71.6618,24.9743,77.3624,25.7756,25.2376,79.9028,84.3662,6.3796,82.7719,81.7621,79.3715,85.1249,55.4516,78.3972,53.31,24.6165,47.7614,85.6339,82.3733,88.5037,32.857,89.8234,9.8519,51.3253,51.7869,87.5581,34.9684,25.2554,85.9859,5.0036,84.1892,88.155,52.9981,83.262,78.1349,53.2103,52.5359,77.4563,79.3049,5.9602,2.9988,88.3382,58.8656],"persistence":[50.0,62.5,62.5,37.5,50.0,50.0,25.0,25.0,0.0,25.0,37.5,37.5,50.0,50.0,50.0,75.0,62.5,62.5,50.0,50.0,62.5,37.5,37.5,12.5,12.5,0.0,0.0,25.0,50.0,37.5,62.5,50.0,62.5,75.0,75.0,50.0,50.0,62.5,50.0,62.5,62.5,62.5,62.5,87.5,87.5,87.5,100.0,100.0,87.5,75.0,75.0,50.0],"assessmentRisk":[19.1227,30.5054,16.0319,47.3519,2.1735,20.0393,30.2842,23.1603,31.1394,16.2921,17.9527,31.7984,22.7358,13.1587,19.2915,20.0467,38.225,25.8956,9.7393,36.4132,19.8359,22.6395,31.344,7.267,43.7058,4.1777,22.7672,26.9983,19.0099,49.4539,16.3958,34.9569,15.8217,25.6358,2.2462,12.7795,1.1193,18.6968,18.5367,24.3288,18.6084,34.5073,25.1263,31.4638,8.2482,26.495,2.3118,22.6447,12.3865,28.8053,14.7857,20.376],"volumeParticipation":true,"latest":{"consensus":37.3,"control":32.7,"force":87.7,"direction":6.5,"confirmation":58.9,"persistence":50.0,"assessmentRisk":20.4,"intensity":94.2,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"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":"Follow-through is limited","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+37.3","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+32.7","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+87.7","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+6.5","detail":"Follow-through is limited","tone":"positive"},{"label":"SM Confirmation Gauge","value":"59/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"58.3","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"7.8%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"55.6","detail":"Directional","tone":"positive"},{"label":"Range position","value":"75%","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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