{"schema_version":"1.0","name":"GUJGASLTD Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"b8071438-68ed-4be1-8bfe-e77c65819471","symbol":"GUJGASLTD","name":"Gujarat Energy Limited","exchange":"NSI","country":"IN","asset_type":"equity","currency":"INR","sector":"Utilities","industry":"Utilities - Regulated Gas"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price structure remains downward.","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, Strength versus the research benchmark, Drawdown and recovery pressure, Acceleration, deceleration and rollover, 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":"Aligned downward","stateTone":"negative","summary":"Market Dynamics improved this week but remains below zero. 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":16,"completedEpisodes":15,"activeEpisodes":1,"medianExpectedMove":3.3,"averageExpectedMove":4.4,"averageWeeksToLargestMove":5.3,"horizons":[{"weeks":4,"sample":16,"expectedCount":4,"expectedPercent":25.0,"averageReturn":-5.5,"medianReturn":-4.6,"confidenceLow":10.2,"confidenceHigh":49.5,"confidence":"Historically adverse"},{"weeks":12,"sample":15,"expectedCount":2,"expectedPercent":13.3,"averageReturn":-5.8,"medianReturn":-3.8,"confidenceLow":3.7,"confidenceHigh":37.9,"confidence":"Historically adverse"},{"weeks":26,"sample":14,"expectedCount":5,"expectedPercent":35.7,"averageReturn":-5.7,"medianReturn":-5.8,"confidenceLow":16.3,"confidenceHigh":61.2,"confidence":"Mixed historical 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":27.6,"averageExpectedMove":27.6,"averageWeeksToLargestMove":9.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-10.9,"medianReturn":-10.9,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-22.9,"medianReturn":-22.9,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-38.4,"medianReturn":-38.4,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-3.5,"sample":2},{"week":2,"averageReturn":-7.9,"sample":2},{"week":3,"averageReturn":-11.1,"sample":2},{"week":4,"averageReturn":-10.9,"sample":2},{"week":5,"averageReturn":-12.2,"sample":2},{"week":6,"averageReturn":-18.0,"sample":2},{"week":7,"averageReturn":-22.7,"sample":2},{"week":8,"averageReturn":-21.5,"sample":2},{"week":9,"averageReturn":-18.8,"sample":2},{"week":10,"averageReturn":-22.0,"sample":2},{"week":11,"averageReturn":-24.5,"sample":2},{"week":12,"averageReturn":-22.9,"sample":2},{"week":13,"averageReturn":-19.5,"sample":2},{"week":14,"averageReturn":-22.1,"sample":2},{"week":15,"averageReturn":-21.7,"sample":2},{"week":16,"averageReturn":-21.9,"sample":2},{"week":17,"averageReturn":-21.7,"sample":2},{"week":18,"averageReturn":-25.9,"sample":2},{"week":19,"averageReturn":-30.3,"sample":2},{"week":20,"averageReturn":-29.7,"sample":2},{"week":21,"averageReturn":-33.2,"sample":2},{"week":22,"averageReturn":-33.6,"sample":2},{"week":23,"averageReturn":-38.8,"sample":2},{"week":24,"averageReturn":-35.8,"sample":2},{"week":25,"averageReturn":-38.6,"sample":2},{"week":26,"averageReturn":-38.4,"sample":2}]},"currentApplication":{"status":"Countertrend conflict","tone":"caution","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","confirm":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"accumulation","zoneContext":"Price is within accumulation conditions while Market Dynamics is improving. A green marker is required before the recovery is treated as confirmed.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":52.2,"averageReturn":-1.8,"sample":23},"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 downward","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":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 52.2% of comparable cases moved lower after 12 weeks, with an average move of -1.8% across 23 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 1.0 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 12.2% across 21 completed cases, with the largest move arriving after 7.0 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":"2026-05-29","price":401.149994}],"distribution_rollovers":[{"date":"2024-09-20","price":606.118958},{"date":"2024-10-11","price":592.204468}],"price_pressure_gaps":[{"date":"2024-09-06","price":652.638794},{"date":"2024-10-04","price":608.339355}]}},"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":[581.2105,593.8817,652.6388,624.6716,606.119,602.7637,608.3394,592.2045,555.5926,519.3754,516.4642,516.6616,479.6057,455.7734,473.4379,505.9544,501.6123,493.2241,496.1846,507.3853,479.655,493.4215,488.2406,479.6057,454.7372,388.3227,399.9674,365.4773,383.8819,382.451,407.8129,406.9247,391.5793,422.6648,439.4412,445.2636,446.5958,446.2997,463.2735,455.9708,453.9971,473.6846,463.4708,443.3392,464.507,482.8129,461.1517,464.9511,454.2438,421.9247,424.3918,416.6945,426.3655,413.9313,433.95,431.05,434.95,424.05,436.65,429.65,420.3,415.85,407.4,399.25,403.4,398.75,396.15,406.55,395.65,395.15,394.0,436.3,424.85,410.2,404.95,425.35,425.45,424.4,405.15,407.4,395.65,374.3,354.6,317.65,308.1,323.65,362.8,383.85,380.05,396.45,369.9,373.0,401.15,400.5,388.0,388.45,344.0,298.1,289.7,280.35,265.45,274.5,265.3,282.95],"consensus":[-23.7597,0.0,57.861,-10.0289,-12.6877,0.0,0.0,-27.309,-55.4843,-62.9058,-41.2306,-35.3645,-67.0194,-56.6196,-15.6802,8.2481,-15.9185,-21.5072,0.0,10.4721,-49.359,8.15,-20.5676,-24.1921,-50.3406,-78.4713,-22.587,-75.0822,-14.2485,-29.7446,11.5367,0.0,-31.7819,32.8838,34.7727,25.8216,19.003,15.9811,38.2896,0.0,9.6031,49.7716,0.0,-28.7488,36.0793,39.4024,-18.114,17.7941,-17.4537,-53.6996,-16.3849,-39.5914,-10.3081,-38.3362,19.0873,-8.0055,0.0,-24.1082,23.329,-17.1722,-32.378,-24.8737,-42.1174,-46.5129,-16.9952,-39.089,-34.0556,16.565,-36.0089,-8.4351,-17.6103,63.7763,0.0,-16.252,0.0,34.4787,17.3954,12.4374,-31.1351,-10.9452,-35.7526,-56.2297,-62.664,-77.8281,-56.5575,-10.9099,33.1481,45.4065,0.0,40.2897,-26.8426,0.0,47.5158,9.8195,0.0,0.0,-63.1517,-70.3893,-43.639,-53.5828,-61.0811,-20.4414,-55.014,-4.0748],"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":[-2.6683,-45.2345,18.2343,-15.6872,0.0,-35.483,28.6009,-21.6926,-33.5577,-28.6304,-41.0905,-47.6707,-15.1224,-43.9351,-39.5144,8.8104,-39.9461,-3.9172,-20.7413,56.487,0.0,-26.1137,0.0,42.1207,19.8697,6.95,-38.8578,-8.1225,-22.0945,-44.762,-57.392,-79.9328,-50.864,-6.8053,33.6486,36.4221,0.0,34.1952,-31.2305,0.0,44.9323,5.4269,0.0,0.0,-61.1675,-73.674,-38.7666,-57.6891,-63.6102,-12.4087,-61.7436,-1.4054],"force":[-7.8946,-37.5947,44.8515,-10.4929,0.0,-32.1139,40.4239,-25.5583,-40.7617,-19.289,-44.5504,-44.5028,-7.8062,-30.759,-21.7659,59.1469,-38.4303,-6.5311,-6.1204,96.3531,0.0,-39.5563,0.0,55.044,11.8705,1.9222,-47.9345,-2.7851,-59.1348,-84.5169,-80.9286,-92.6115,-51.1373,-52.6077,86.2764,78.5261,0.0,45.5783,-59.9989,0.0,64.6933,8.387,0.0,0.0,-89.5556,-79.334,-24.9372,-31.1886,-48.6129,-19.1818,-38.6882,-63.8247],"direction":[-32.0411,-30.9819,1.6592,-2.5503,0.0,-5.3902,5.0933,-6.0161,-25.0414,-24.5695,-41.5532,-46.6254,-36.8509,-39.5007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downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. 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":"Control support is limited","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Limited support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-4.1","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-1.4","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-63.8","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-32.3","detail":"Downward 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