{"schema_version":"1.0","name":"PWL Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"b873c8fa-eb15-43bd-8e16-dd0439db4ba1","symbol":"PWL","name":"Physicswallah Limited","exchange":"NSI","country":"IN","asset_type":"equity","currency":"INR","sector":"Consumer Defensive","industry":"Education & Training Services"},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. 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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":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 1.6% across 1 completed cases, with the largest move arriving after 1.0 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-07-03","price":130.160004},{"date":"2026-07-10","price":147.429993}],"reversal_dangers":[{"date":"2026-07-17","price":136.050003}]}},"smTape":{"available":true,"dates":["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":[134.31,124.89,135.9,135.99,132.29,131.78,131.12,129.25,127.24,126.5,119.45,116.16,107.33,100.45,86.57,82.99,84.08,89.95,89.5,89.97,101.8,108.32,109.22,108.58,108.53,113.85,109.62,106.72,102.73,106.79,122.61,125.34,130.16,147.43,136.05,128.05,124.89,131.59,117.12],"consensus":[-35.7861,-78.0455,20.5741,0.0,0.0,0.0,0.0,0.0,-15.8813,0.0,-31.0704,-28.2954,-38.647,-42.1753,-61.8328,-33.1115,-26.7181,-9.5145,-11.9733,0.0,28.6116,27.9079,20.0769,13.0823,10.3799,28.2919,0.0,-9.4393,-19.3234,0.0,56.4964,34.5476,32.6179,46.951,0.0,0.0,-8.909,27.4412,47.8448],"supportDates":["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":[null,null,null,null,null,0.0,0.0,0.0,-20.9342,0.0,-36.5321,-29.0252,-29.3386,-39.0326,-61.2582,-18.9563,-21.7205,-4.215,-14.1384,0.0,28.9244,25.9357,16.1426,5.0299,6.6867,25.7315,0.0,-11.3371,-23.9575,0.0,61.2513,30.8669,23.2827,36.4834,0.0,0.0,-8.353,39.7273,44.2722],"force":[-35.7861,-78.0455,20.5741,0.0,0.0,0.0,0.0,0.0,-12.866,0.0,-26.5468,-21.3507,-43.55,-30.4293,-58.6455,-10.7108,-3.3238,-17.6495,-4.2523,0.0,47.8331,32.8151,13.1887,4.7185,3.1126,33.8758,0.0,-22.7606,-22.8058,0.0,62.8966,15.3993,12.1635,36.128,0.0,0.0,-28.7363,36.4103,80.7117],"direction":[null,null,null,null,0.0,0.0,0.0,0.0,-12.2604,0.0,-28.0597,-32.4219,-45.783,-54.1569,-64.7661,-65.2893,-49.1399,-34.9739,-21.0887,0.0,14.5245,26.6568,29.4934,28.2593,19.7916,27.2297,0.0,-2.2446,-11.5398,0.0,46.4907,52.4314,57.8971,66.6448,0.0,0.0,-4.6178,6.9933,28.4515],"intensity":[null,null,null,null,50.0,20.0,33.3333,28.5714,25.0,88.8889,70.0,54.5455,91.6667,69.2308,78.5714,86.6667,31.25,52.9412,44.4444,15.7895,75.0,66.6667,54.5455,4.3478,4.1667,56.0,34.6154,37.037,75.0,34.4828,90.0,77.4194,59.375,96.9697,88.2353,62.8571,47.2222,45.9459,81.5789],"confirmation":[34.1182,47.6412,29.2504,1.7084,24.7875,48.3124,1.9527,25.1636,72.9131,24.5801,77.7214,76.8318,80.6583,81.186,87.6981,78.1287,53.2463,6.0628,49.5445,3.2165,77.7368,77.1101,74.2746,26.7208,25.823,77.2626,3.8557,49.2098,74.219,0.8569,86.2014,78.5277,77.9566,82.854,12.077,31.5708,49.7821,54.2006,84.3664],"persistence":[null,null,33.3333,25.0,20.0,16.6667,14.2857,12.5,12.5,0.0,25.0,37.5,50.0,62.5,75.0,87.5,87.5,100.0,100.0,87.5,62.5,37.5,12.5,12.5,37.5,62.5,75.0,62.5,37.5,25.0,25.0,25.0,25.0,25.0,25.0,37.5,37.5,50.0,25.0],"assessmentRisk":[null,null,null,null,10.0761,42.4346,29.6476,37.5715,29.0685,36.054,33.4466,35.3816,30.6368,28.9091,19.0828,33.4443,36.6401,44.0147,33.2565,45.1725,35.3389,35.6337,39.6789,43.1288,33.6732,21.5184,4.7207,15.093,33.375,45.7935,20.6189,32.5725,33.684,26.5241,46.1629,20.1301,24.1971,61.666,24.4877],"volumeParticipation":true,"latest":{"consensus":47.8,"control":44.3,"force":80.7,"direction":28.5,"confirmation":84.4,"persistence":25.0,"assessmentRisk":24.5,"intensity":81.6,"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":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+47.8","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+44.3","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+80.7","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+28.5","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"84/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"44.8","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"11.6%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"32.4","detail":"Directional","tone":"positive"},{"label":"Range position","value":"51%","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 envelope.","reason":"Selected as the anchor because price is rotating through its trend references.","series":[{"label":"Close","values":[134.31,124.89,135.9,135.99,132.29,131.78,131.12,129.25,127.24,126.5,119.45,116.16,107.33,100.45,86.57,82.99,84.08,89.95,89.5,89.97,101.8,108.32,109.22,108.58,108.53,113.85,109.62,106.72,102.73,106.79,122.61,125.34,130.16,147.43,136.05,128.05,124.89,131.59,117.12],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,133.4481,133.1448,132.7767,132.1354,131.2454,130.3826,128.3948,126.1703,122.7448,118.6912,112.851,107.4217,103.1778,100.7727,98.7231,97.1317,97.9804,99.8604,101.5621,102.8381,103.873,105.687,106.4021,106.4599,105.7817,105.965,108.9914,111.9639,115.2723,121.1191,123.8338,124.6004,124.6531,125.9143,124.3154],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,128.5021,126.4242,123.472,120.4733,117.7775,115.7162,113.7743,112.011,111.2546,111.0373,110.9026,110.7306,110.5676,110.8107,110.7225,110.426,109.856,109.6289,110.5904,111.683,113.0517,115.5982,117.1131,117.9233,118.4393,119.4135,119.2436],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,138.3265,139.5438,140.7021,143.288,145.9715,150.4416,153.2131,154.3151,154.0036,153.5155,152.8474,150.3667,149.1144,146.0614,142.6619,139.6996,136.9934,133.8174,130.5295,127.1046,123.6922,124.395,126.3196,130.2807,138.661,142.2851,143.3581,143.4502,144.6223,143.5713],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,123.5275,120.2234,116.7779,110.8981,104.4085,94.7891,87.0644,81.7202,78.913,76.5634,74.7246,73.9543,73.5496,73.9346,74.5931,75.1794,76.0926,77.1186,78.1535,79.1274,80.5688,80.182,79.1754,77.4973,73.815,75.1389,78.5719,82.5608,85.5527,89.3657],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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":"drawdown","eyebrow":"Path 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 tape.","series":[{"label":"Drawdown","values":[0.0,-7.0136,0.0,0.0,-2.7208,-3.0958,-3.5812,-4.9563,-6.4343,-6.9785,-12.1627,-14.582,-21.0751,-26.1343,-36.3409,-38.9735,-38.1719,-33.8554,-34.1863,-33.8407,-25.1416,-20.3471,-19.6853,-20.1559,-20.1927,-16.2806,-19.3911,-21.5236,-24.4577,-21.4722,-9.839,-7.8315,-4.2871,0.0,-7.7189,-13.1452,-15.2886,-10.7441,-20.5589],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,3.4911,1.8817,1.2891,0.0,0.0,0.0,0.0,0.0,0.0,1.3134,8.3866,7.8443,8.4107,22.6654,30.5218,31.6062,30.835,30.7748,37.1852,32.0882,28.5938,23.786,28.6782,47.7407,51.0302,56.8382,77.6479,63.9354,54.2957,50.488,58.5613,41.1254],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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 quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,47.6327,44.543,41.4673,38.7879,38.0401,37.5121,37.6784,38.9958,37.9738,36.7581,35.3412,34.2492,32.374],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,1.1511,1.0892,1.0583,2.4359,4.547,4.415,4.3321,9.1681,12.2883,12.027,12.0822,11.7329,14.292,13.7745,12.7826,12.3997,12.6406,19.139,19.8461,23.4014,31.3322,28.1648,26.3778,25.2136,25.5164,23.3671],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,10.5394,13.5563,15.5689,15.0601,14.2511,13.8374,13.5773,12.7688,12.0379,11.7819,11.4556,11.2806,10.6391,10.2538,11.7105,12.0373,11.6785,10.6915,10.5348,10.0675,8.8057,17.012,17.2382,17.9155,16.992,19.9067],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,10.1972,5.2214,54.1048,9.0611,20.5628,89.9465,29.4653,51.6692,51.5727,29.2579,49.3567,31.7872,11.9441,31.8817,38.451,26.812,30.2356,29.6942,115.9646,42.0807,114.8137,32.5254,18.1223,57.4372,0.0,12.3319,44.2661,164.0364,112.0462,120.2293,123.3439,116.8717],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,116.4449,115.1501,102.3832,100.4234,96.2753,78.2814,72.6902,65.0,65.0,68.7921,75.0042,71.1495,72.5338,74.9269,77.4368,78.7789,77.5026,76.3304,81.0019,79.3192,74.58,73.2315,73.9008,76.0406,76.0406,76.3982,77.6147,73.3492,70.6769,67.8686,70.5307,68.0909],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"impulse","eyebrow":"Price 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 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