{"schema_version":"1.0","name":"HGM Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"9c2112b1-188b-422f-b20b-a655d54f49dc","symbol":"HGM","name":"Handson Global Management (HGM) Limited","exchange":"NSI","country":"IN","asset_type":"equity","currency":"INR","sector":"Technology","industry":"Information Technology Services"},"summary":"Price structure and the underlying tape currently reinforce the same downside read.","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, 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":51,"displayedObservations":51,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"Price structure and the underlying tape currently reinforce the same downside read.","evidenceAlignment":{"status":"Evidence aligned downward","headline":"Downward price structure is confirmed by Market Dynamics","summary":"Price structure and the underlying tape currently reinforce the same downside read.","take":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","tone":"negative","conflict":false},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[-1.598786,-2.152857,-2.209931,-2.184611,-2.058551,-1.596655,-1.162548,-0.536961,0.099004,0.295979,0.555031,0.652102,0.593965,0.556189,0.467765,0.40255,0.331569,0.174748,-0.018593,-0.277313,-0.413405,-0.494057,-0.541833],"opens":[54.290001,52.099998,49.900002,49.48,47.0,54.799999,54.0,53.290001,54.779999,61.5,58.900002,63.0,60.0,53.0,53.0,52.009998,52.099998,50.0,50.98,49.099998,46.900002,52.700001,48.220001],"highs":[55.889999,52.700001,60.799999,51.400002,55.950001,56.849998,56.0,55.900002,66.989998,63.799999,62.990002,63.0,61.040001,54.900002,53.790001,52.009998,53.799999,50.990002,51.66,49.5,54.849998,52.700001,49.5],"lows":[50.41,43.599998,46.110001,45.599998,46.990002,50.0,51.509998,51.75,53.150002,57.009998,57.0,57.5,57.5,51.98,52.009998,52.009998,52.099998,49.599998,49.200001,44.0,45.0,47.25,45.400002],"closes":[51.299999,44.880001,48.5,48.66,51.650002,54.43,52.240002,53.48,61.419998,59.209999,62.110001,60.189999,58.529999,53.84,52.630001,52.009998,52.509998,49.810001,49.82,46.73,50.310001,48.220001,46.060001],"hoverRows":[[{"label":"Open","value":"54.3","className":"is-ohlc","compact":true},{"label":"High","value":"55.9","className":"is-ohlc","compact":true},{"label":"Low","value":"50.4","className":"is-ohlc","compact":true},{"label":"Close","value":"51.3","className":"is-ohlc","compact":true},{"label":"Market 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completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","tone":"negative"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","annotations":[{"label":"Current tape relationship","value":"Accumulation pressure","detail":"Market Dynamics weakened this week and remains below zero.","tone":"negative"},{"label":"Price location","value":"Accumulation zone","detail":"Price is being tested for a confirmed recovery through the lower zone.","tone":"caution"},{"label":"Latest positioning marker","value":"8 May 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":23,"summary":"More completed weekly history is needed for a dependable ticker-level 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sk":25.2,"intensity":44.0,"evidenceDepth":100},"analysis":{"status":"Joint 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Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and 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":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-43.0","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-44.1","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-48.9","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction 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references are aligned downward.","series":[{"label":"Close","values":[70.9,76.8,81.55,79.29,76.48,74.16,73.46,73.68,77.99,76.49,69.63,73.25,71.63,69.21,66.07,65.59,69.51,69.09,68.28,59.39,64.38,55.61,58.81,62.7,61.12,57.22,55.58,52.8,51.3,44.88,48.5,48.66,51.65,54.43,52.24,53.48,61.42,59.21,62.11,60.19,58.53,53.84,52.63,52.01,52.51,49.81,49.82,46.73,50.31,48.22,46.06],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,75.0464,74.8853,74.6261,74.4541,75.097,75.3503,74.3102,74.1175,73.6652,72.8552,71.6215,70.5249,70.3403,70.113,69.7797,67.8907,67.2524,65.1356,63.9855,63.7518,63.2733,62.1727,60.974,59.4878,57.9991,55.6138,54.3204,53.2912,52.9928,53.2541,53.0697,53.1443,54.649,55.4783,56.684,57.3215,57.5412,56.8683,56.0977,55.3545,54.8373,53.9232,53.1772,52.005,51.6968,51.0647,50.1547],"stroke":"#176fa3","width":1.7},{"label":"Slow 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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 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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,42.0213,70.6782,60.7048,15.0931,41.5335,31.1821,15.7188,16.8534,24.6188,42.1973,40.3139,36.6816,5.6967,26.1475,8.033,19.4881,32.7645,27.372,14.0614,8.4642,4.6699,2.7821,3.3333,13.1016,13.5294,21.5241,28.9572,23.1016,27.2552,50.4816,44.221,55.4192,49.6707,44.7006,30.6587,29.704,28.8014,30.5137,26.5498,26.5926,13.3818,28.6875,19.752,10.5173],"stroke":"#10243b","width":2.0},{"label":"From 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impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,0.4728,0.0788,-0.4813,-0.9529,-0.9988,-1.0569,-1.1549,-1.9278,-2.1133,-2.9341,-3.2885,-3.2184,-3.2528,-3.5538,-3.88,-4.3131,-4.7229,-5.5023,-5.7615,-5.8861,-5.6781,-5.2287,-4.9918,-4.6503,-3.6964,-3.0832,-2.3363,-1.8776,-1.6293,-1.7903,-1.9926,-2.1778,-2.2582,-2.5109,-2.6794,-3.0274,-2.98,-3.0756,-3.2878],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.2121,-0.3811,-0.5358,-0.8142,-1.074,-1.4461,-1.8146,-2.0953,-2.3268,-2.5722,-2.8338,-3.1296,-3.4483,-3.8591,-4.2396,-4.5689,-4.7907,-4.8783,-4.901,-4.8509,-4.62,-4.3126,-3.9173,-3.5094,-3.1334,-2.8648,-2.6903,-2.5878,-2.5219,-2.5197,-2.5517,-2.6468,-2.7135,-2.7859,-2.8863],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.7867,-0.6758,-0.6191,-1.1136,-1.0393,-1.4881,-1.474,-1.1231,-0.926,-0.9816,-1.0462,-1.1834,-1.2746,-1.6432,-1.5219,-1.3172,-0.8874,-0.3504,-0.0907,0.2006,0.9236,1.2294,1.5811,1.6318,1.5041,1.0744,0.6977,0.41,0.2637,0.0088,-0.1278,-0.3806,-0.2666,-0.2897,-0.4015],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"directional","eyebrow":"Trend 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