{"schema_version":"1.0","name":"VENKEYS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"98877168-f891-4c11-9c09-f44f9ad55802","symbol":"VENKEYS","name":"Venky's (India) Limited","exchange":"NSI","country":"IN","asset_type":"equity","currency":"INR","sector":"Consumer Defensive","industry":"Farm Products"},"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, Activity pressure and cumulative balance, Drawdown and recovery pressure, Strength versus the research benchmark, Acceleration, deceleration and rollover, Directional strength and control."},{"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. Price is holding its upward structure without confirmation from Market Dynamics.","evidenceAlignment":{"status":"Evidence conflict","headline":"Price structure is upward, but Market Dynamics is negative","summary":"The technical trend and the underlying tape are moving in opposite directions. Price is holding its upward structure without confirmation from Market Dynamics.","take":"The gap can close through improving Market Dynamics or weakening price. 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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.6,"sample":17},{"week":2,"averageReturn":0.2,"sample":17},{"week":3,"averageReturn":2.1,"sample":17},{"week":4,"averageReturn":-0.7,"sample":17},{"week":5,"averageReturn":0.8,"sample":17},{"week":6,"averageReturn":-1.0,"sample":17},{"week":7,"averageReturn":-0.2,"sample":17},{"week":8,"averageReturn":1.4,"sample":17},{"week":9,"averageReturn":2.1,"sample":17},{"week":10,"averageReturn":3.1,"sample":17},{"week":11,"averageReturn":3.7,"sample":17},{"week":12,"averageReturn":3.6,"sample":17},{"week":13,"averageReturn":2.9,"sample":16},{"week":14,"averageReturn":3.4,"sample":16},{"week":15,"averageReturn":3.0,"sample":16},{"week":16,"averageReturn":-0.3,"sample":16},{"week":17,"averageReturn":-2.0,"sample":16},{"week":18,"averageReturn":-2.9,"sample":16},{"week":19,"averageReturn":-3.7,"sample":16},{"week":20,"averageReturn":-4.1,"sample":16},{"week":21,"averageReturn":-5.0,"sample":16},{"week":22,"averageReturn":-4.8,"sample":16},{"week":23,"averageReturn":-4.2,"sample":16},{"week":24,"averageReturn":-4.0,"sample":16},{"week":25,"averageReturn":-4.9,"sample":16},{"week":26,"averageReturn":-5.1,"sample":16}]}},"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":"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":77.3,"averageReturn":-6.6,"sample":22},"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, 77.3% of comparable cases moved lower after 12 weeks, with an average move of -6.6% 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, 100.0% of completed 12-week outcomes were higher across 2 cases. Distinct visits lasted 2.0 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 11.8% across 22 completed cases, with the largest move arriving after 8.7 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":"2026-05-01","price":1582.5}],"distribution_rollovers":[{"date":"2024-09-13","price":2270.94873}],"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":[2232.6692,2322.3853,2394.3267,2270.9487,2204.5183,1962.7272,1911.0922,1868.8408,1836.6682,1657.4351,1830.4622,1741.8385,1702.9633,1679.7274,1741.2428,1823.2133,1804.8431,1749.7823,1785.5792,1836.8668,1689.9055,1728.4828,1667.1167,1806.1836,1763.9324,1665.3292,1646.264,1624.4185,1638.0222,1580.2307,1667.911,1605.949,1616.8221,1651.6758,1701.2753,1686.2811,1676.1527,1651.924,1617.2689,1595.8206,1606.1476,1618.7584,1629.8799,1597.5087,1594.3311,1604.2609,1583.9048,1569.8044,1534.9508,1493.4442,1497.2175,1398.7,1506.5,1465.2,1492.8,1494.4,1520.8,1460.9,1498.1,1490.3,1448.3,1457.2,1512.6,1391.6,1354.7,1329.0,1343.8,1332.7,1420.7,1406.1,1480.4,1606.2,1534.4,1519.9,1480.5,1536.9,1600.4,1439.4,1377.6,1347.7,1285.0,1216.8,1305.2,1213.1,1223.2,1462.5,1590.0,1519.2,1582.5,1631.0,1617.7,1496.7,1454.0,1400.4,1393.2,1423.5,1421.5,1426.1,1485.7,1450.9,1505.2,1509.1,1573.4,1528.0],"consensus":[32.5406,55.3778,45.9174,0.0,0.0,-57.411,-44.379,-41.356,-39.5185,-65.2697,0.0,-48.5497,-39.4493,-27.6267,0.0,19.6482,0.0,-22.2805,0.0,14.4756,-47.2495,0.0,-40.8789,30.4067,-13.2844,-33.9619,-18.6421,-34.2692,-12.3357,-40.5576,20.7146,-29.2039,-8.1364,17.9193,18.213,0.0,0.0,-14.0434,-30.5545,-24.4149,-11.0168,0.0,0.0,-20.3566,-12.9593,0.0,-25.8092,-21.4686,-39.6472,-45.938,-18.3981,-67.8272,18.2531,-37.5276,0.0,0.0,14.7255,-32.7043,13.4413,-13.8486,-40.1887,-10.1399,28.7225,-57.6696,-46.0459,-47.5262,-17.9406,-37.2142,29.1456,0.0,42.9784,69.9227,0.0,0.0,0.0,26.0996,51.4529,-47.8822,-45.9858,-35.3883,-45.5049,-58.4599,8.2308,-62.3965,-16.1947,59.4442,64.12,0.0,48.4564,52.1174,12.8956,-30.7264,-26.9389,-34.5777,-17.5252,0.0,-9.65,0.0,33.2626,-14.003,32.2965,12.7759,44.905,-7.0293],"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":[21.4759,-43.5482,0.0,0.0,17.4809,-41.9274,17.2062,-17.9368,-45.6649,-13.9863,22.0979,-50.8812,-41.9918,-50.2209,-6.7063,-41.737,19.2563,0.0,35.7712,65.5708,0.0,0.0,0.0,36.8846,43.0972,-43.942,-50.8647,-30.858,-41.3151,-61.7742,11.5874,-62.2993,-8.3133,52.1578,58.182,0.0,47.1414,55.4938,9.536,-32.9968,-27.1894,-37.2705,-9.0659,0.0,-8.5617,0.0,34.8474,-19.6035,27.4622,5.3831,41.34,-11.405],"force":[66.4797,-40.4593,0.0,0.0,26.0416,-37.8985,29.8734,-17.9877,-43.6996,-1.6986,62.9974,-91.4845,-53.3424,-38.6932,-6.9145,-23.7792,68.3549,0.0,61.7233,92.9706,0.0,0.0,0.0,30.7204,77.4416,-90.525,-51.4557,-29.3687,-41.3454,-53.9512,64.6353,-76.8932,-8.4465,96.1315,86.3888,0.0,42.6129,41.9307,15.7744,-76.1604,-38.2534,-30.3242,-5.5988,0.0,-3.5767,0.0,42.2709,-31.3686,45.3742,3.2014,55.7872,-46.3507],"direction":[19.8775,-28.5529,0.0,0.0,3.4933,-18.4533,2.5987,-6.22,-31.4223,-14.2001,11.8113,-41.2742,-45.4673,-50.7559,-48.5334,-41.6418,12.441,0.0,37.826,58.4334,0.0,0.0,0.0,10.4731,42.4388,-21.9262,-36.503,-44.8655,-53.2644,-57.8926,35.8943,-52.1528,-42.8029,41.5661,55.0,0.0,54.1331,55.5349,37.2136,-4.3213,-18.5708,-34.5383,-35.7119,0.0,-15.2319,0.0,25.017,-4.8016,28.4802,28.0638,41.2063,-26.0582],"intensity":[76.9231,71.1538,21.1538,28.8462,34.6154,50.0,36.5385,57.6923,69.2308,1.9231,82.6923,86.5385,96.1538,40.3846,13.4615,23.0769,100.0,92.3077,69.2308,82.6923,59.6154,15.3846,80.7692,50.0,61.5385,94.2308,100.0,65.3846,61.5385,55.7692,75.0,75.0,53.8462,96.1538,94.2308,73.0769,50.0,38.4615,86.5385,92.3077,38.4615,82.6923,30.7692,34.6154,9.6154,15.3846,40.3846,19.2308,34.6154,17.3077,46.1538,38.4615],"confirmation":[34.1689,80.0064,3.4773,24.86,50.3484,78.4831,50.6324,49.8287,80.8839,48.5211,78.3367,87.5883,83.0188,82.8981,29.2964,79.4302,78.6722,26.998,82.4342,91.144,33.5531,5.8555,49.5643,76.3283,85.3843,84.6819,82.8078,79.2098,82.4987,86.5193,34.6258,88.4102,29.02,88.2513,89.2876,32.101,83.348,84.3157,29.3359,57.4377,76.9614,78.8942,50.7068,26.0387,48.2528,1.1753,78.8944,51.2825,78.8071,26.5758,82.7556,22.7569],"persistence":[62.5,75.0,62.5,50.0,25.0,25.0,0.0,0.0,25.0,25.0,12.5,25.0,50.0,50.0,75.0,75.0,50.0,37.5,37.5,12.5,0.0,12.5,25.0,50.0,50.0,37.5,12.5,12.5,25.0,37.5,25.0,50.0,75.0,50.0,25.0,12.5,12.5,37.5,37.5,37.5,37.5,12.5,12.5,12.5,37.5,50.0,50.0,50.0,25.0,0.0,25.0,25.0],"assessmentRisk":[37.3152,8.9826,4.1983,49.0464,7.6459,11.9161,1.4131,2.802,24.5568,1.3846,0.6338,17.4006,23.5886,25.8647,40.9678,24.7973,28.1504,48.4311,27.925,15.0234,47.5437,43.1806,3.4279,52.1881,15.2446,16.0578,20.9421,31.6425,27.2187,20.5214,40.2469,15.6713,28.2342,19.6621,17.5481,47.3511,25.6686,20.1811,8.0265,4.0655,29.7072,31.8223,40.3392,31.0423,12.728,14.8805,28.3239,31.1517,30.1063,40.522,24.6975,48.9122],"volumeParticipation":true,"latest":{"consensus":-7.0,"control":-11.4,"force":-46.4,"direction":-26.1,"confirmation":22.8,"persistence":25.0,"assessmentRisk":48.9,"intensity":38.5,"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":"Control support is limited","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-7.0","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-11.4","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-46.4","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction 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