{"schema_version":"1.0","name":"VMSTMT Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"ae2f9199-b36a-4ef8-95d9-0722e0a72f18","symbol":"VMSTMT","name":"VMS TMT LIMITED","exchange":"NSI","country":"IN","asset_type":"equity","currency":"INR","sector":"Basic Materials","industry":"Steel"},"summary":"Market Dynamics strengthened this week and remains positive. The broader path has not changed enough to establish a new direction. 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, Drawdown and recovery pressure, Range pressure and compression, Acceleration, deceleration and rollover, Range position and boundary pressure, Activity pressure and cumulative balance."},{"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":"2026-08-21","observations":48,"displayedObservations":48,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics strengthened this week and remains positive. The broader path has not changed enough to establish a new direction. Price structure remains rotational.","evidenceAlignment":{"status":"Positive support; price rotational","headline":"Market Dynamics is positive while price has no clear direction","summary":"Market Dynamics strengthened this week and remains positive. The broader path has not changed enough to establish a new direction. Price structure remains rotational.","take":"The underlying condition is constructive, but a positive price response is still required.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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","2026-08-21"],"values":[0.098622,0.256096,0.401276,0.678087,0.809164,0.825054,0.805573,0.737126,0.691174,0.65818,0.639801,0.548009,0.601393,0.652674,0.561553,0.524749,0.379091,0.272732,0.393475,0.49937],"opens":[37.900002,42.0,47.560001,46.5,51.0,49.790001,48.599998,47.119999,46.299999,44.889999,45.189999,43.599998,47.400002,46.950001,44.529999,45.200001,44.900002,45.0,46.700001,51.360001],"highs":[44.799999,47.490002,47.790001,52.0,51.799999,49.790001,49.0,50.0,47.299999,45.439999,45.75,43.599998,47.990002,47.389999,45.790001,45.490002,45.32,46.700001,53.049999,51.490002],"lows":[37.669998,42.0,44.849998,46.0,48.5,46.299999,45.0,47.119999,46.0,44.009998,43.52,43.599998,45.299999,46.0,44.299999,43.549999,42.5,43.759998,46.200001,47.099998],"closes":[44.040001,47.169998,46.049999,49.639999,49.279999,48.5,47.77,48.82,46.029999,44.639999,45.5,43.599998,47.139999,46.330002,45.119999,44.049999,44.66,46.110001,51.360001,47.900002],"hoverRows":[[{"label":"Open","value":"37.9","className":"is-ohlc","compact":true},{"label":"High","value":"44.8","className":"is-ohlc","compact":true},{"label":"Low","value":"37.7","className":"is-ohlc","compact":true},{"label":"Close","value":"44.0","className":"is-ohlc","compact":true},{"label":"Market 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The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","annotations":[{"label":"Current tape relationship","value":"Positive and broadly steady","detail":"Market Dynamics strengthened this week and remains positive.","tone":"positive"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Supported","detail":"The broader path has not changed enough to establish a new direction.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":20,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[89.92,79.81,75.28,71.07,70.19,71.9,67.77,67.26,63.1,61.2,53.7,53.68,52.28,53.3,54.91,48.77,48.1,47.34,49.42,49.79,51.48,48.33,46.22,42.69,40.28,41.32,37.26,38.26,44.04,47.17,46.05,49.64,49.28,48.5,47.77,48.82,46.03,44.64,45.5,43.6,47.14,46.33,45.12,44.05,44.66,46.11,51.36,47.9],"consensus":[-100.0,-34.5324,-19.4937,-56.9173,-53.9482,-21.4638,-34.983,-29.9409,-40.6647,-44.7437,-62.6089,-27.8139,-44.6966,-34.5159,0.0,-55.9452,-31.5636,-32.6182,-13.5948,0.0,0.0,-30.3218,-37.3439,-37.0517,-48.0816,-22.2771,-58.055,-15.2559,29.6916,34.4839,0.0,43.3179,10.9323,9.3038,8.3207,15.1329,-25.7635,-19.6679,0.0,-24.7592,21.7889,0.0,0.0,-18.5292,0.0,18.7167,62.8393,15.1191],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,-15.1976,-34.4467,-32.5308,-40.7066,-45.2847,-65.021,-12.1431,-42.6344,-32.0331,0.0,-63.5284,-35.7304,-32.586,-9.8113,0.0,0.0,-42.4394,-48.1537,-38.019,-54.8269,-19.4511,-65.3042,-8.7695,27.2699,34.1233,0.0,33.128,0.6324,5.8098,3.8053,18.4955,-35.451,-21.4491,0.0,-24.8654,23.9414,0.0,0.0,-29.5977,0.0,21.1234,54.8901,22.9811],"force":[-100.0,-34.5324,-19.4937,-56.9173,-17.6599,-1.8239,-17.6234,-11.1573,-24.9996,-25.0667,-51.2329,-0.8058,-21.3462,-7.0392,0.0,-44.6663,-11.2175,-18.4951,-11.1825,0.0,0.0,-29.0225,-27.5021,-25.124,-33.9859,-2.3543,-56.7991,-10.2316,68.1873,47.0142,0.0,60.3126,5.3622,2.3355,1.6372,10.4554,-32.1275,-16.8894,0.0,-20.193,25.5006,0.0,0.0,-16.7973,0.0,31.1897,87.4619,66.3081],"direction":[null,null,null,null,-79.8684,-42.6537,-47.9957,-40.398,-51.806,-58.1804,-67.9777,-66.166,-63.7324,-56.9795,0.0,-55.3352,-41.3345,-42.7429,-35.6168,0.0,0.0,-17.4011,-32.0198,-44.4659,-50.4409,-43.1007,-50.6672,-40.8741,4.9623,25.9457,0.0,42.8243,35.7879,21.6108,18.2551,14.631,-10.1464,-19.6168,0.0,-27.8993,16.6776,0.0,0.0,-7.1167,0.0,7.0568,54.3367,30.4295],"intensity":[null,null,null,null,75.0,20.0,50.0,14.2857,62.5,22.2222,90.0,81.8182,16.6667,7.6923,7.1429,80.0,68.75,47.0588,27.7778,5.2632,35.0,33.3333,50.0,69.5652,25.0,12.0,53.8462,44.4444,82.1429,58.6207,30.0,54.8387,25.0,18.1818,5.8824,20.0,36.1111,18.9189,2.6316,25.641,75.0,2.439,14.2857,6.9767,6.8182,15.5556,93.4783,55.3191],"confirmation":[54.6667,33.717,28.9046,40.8802,60.9379,51.6987,78.6737,76.9692,80.5346,81.7101,87.6514,53.7723,81.6227,55.5789,5.7027,85.4432,77.4168,78.0079,28.7051,3.7484,25.3623,77.4787,79.4854,79.4783,82.8537,52.2567,86.4288,29.0534,56.0447,79.4222,3.9955,82.5349,27.1235,25.8406,25.1944,72.6487,76.2906,74.1819,25.9289,75.7822,75.0528,26.7163,24.8809,51.0412,25.3751,51.6661,88.9801,35.4367],"persistence":[null,null,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,87.5,87.5,87.5,87.5,75.0,62.5,62.5,75.0,75.0,75.0,75.0,75.0,87.5,75.0,50.0,37.5,12.5,12.5,37.5,62.5,87.5,62.5,37.5,37.5,12.5,12.5,0.0,12.5,37.5,25.0,0.0,12.5,12.5],"assessmentRisk":[null,null,null,null,23.0252,37.4241,30.9222,24.5747,28.2677,27.51,18.6769,36.0669,27.5373,31.9583,24.8625,18.9596,29.4498,32.3047,41.1739,19.0576,39.1458,31.933,21.8097,31.2627,25.9526,38.5799,20.9027,39.8782,29.6264,31.2393,47.6799,28.2989,41.8169,16.8578,23.4143,22.2096,29.2217,35.3878,36.9894,36.461,10.0667,35.975,6.5094,21.151,45.0476,16.1375,18.268,53.8269],"volumeParticipation":true,"latest":{"consensus":15.1,"control":23.0,"force":66.3,"direction":30.4,"confirmation":35.4,"persistence":12.5,"assessmentRisk":53.8,"intensity":55.3,"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":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+15.1","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+23.0","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+66.3","detail":"Upward 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