{"schema_version":"1.0","name":"IRMENERGY Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"c4c622f7-b28f-4c6a-b9db-c4ac278d6af0","symbol":"IRMENERGY","name":"IRM Energy Limited","exchange":"NSI","country":"IN","asset_type":"equity","currency":"INR","sector":"Utilities","industry":"Utilities - Regulated Gas"},"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, Strength versus the research benchmark, Drawdown and recovery pressure, Activity pressure and cumulative balance, 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":147,"displayedObservations":104,"assetType":"Equity","state":"Aligned upward","stateTone":"positive","summary":"The technical trend and the underlying tape are moving in opposite directions. 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":6,"completedEpisodes":5,"activeEpisodes":1,"medianExpectedMove":5.2,"averageExpectedMove":9.2,"averageWeeksToLargestMove":6.4,"horizons":[{"weeks":4,"sample":6,"expectedCount":3,"expectedPercent":50.0,"averageReturn":0.2,"medianReturn":-1.4,"confidenceLow":18.8,"confidenceHigh":81.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":5,"expectedCount":3,"expectedPercent":60.0,"averageReturn":-2.4,"medianReturn":4.6,"confidenceLow":23.1,"confidenceHigh":88.2,"confidence":"Mixed historical record"},{"weeks":26,"sample":4,"expectedCount":1,"expectedPercent":25.0,"averageReturn":-17.0,"medianReturn":-24.3,"confidenceLow":4.6,"confidenceHigh":69.9,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.1,"sample":6},{"week":2,"averageReturn":-2.9,"sample":6},{"week":3,"averageReturn":-3.9,"sample":6},{"week":4,"averageReturn":0.2,"sample":6},{"week":5,"averageReturn":-3.7,"sample":5},{"week":6,"averageReturn":-4.7,"sample":5},{"week":7,"averageReturn":-6.8,"sample":5},{"week":8,"averageReturn":-0.1,"sample":5},{"week":9,"averageReturn":0.6,"sample":5},{"week":10,"averageReturn":0.6,"sample":5},{"week":11,"averageReturn":1.3,"sample":5},{"week":12,"averageReturn":-2.4,"sample":5},{"week":13,"averageReturn":-3.9,"sample":4},{"week":14,"averageReturn":-9.6,"sample":4},{"week":15,"averageReturn":-10.9,"sample":4},{"week":16,"averageReturn":-9.5,"sample":4},{"week":17,"averageReturn":-12.9,"sample":4},{"week":18,"averageReturn":-13.3,"sample":4},{"week":19,"averageReturn":-15.3,"sample":4},{"week":20,"averageReturn":-10.2,"sample":4},{"week":21,"averageReturn":-12.5,"sample":4},{"week":22,"averageReturn":-11.9,"sample":4},{"week":23,"averageReturn":-16.2,"sample":4},{"week":24,"averageReturn":-16.1,"sample":4},{"week":25,"averageReturn":-16.8,"sample":4},{"week":26,"averageReturn":-17.0,"sample":4}]}},"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":42.9,"averageReturn":-1.0,"sample":7},"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, 42.9% of comparable cases moved lower after 12 weeks, with an average move of -1.0% across 7 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, 50.0% of completed 12-week outcomes were higher across 2 cases. Distinct visits lasted 7.0 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 16.7% across 7 completed cases, with the largest move arriving after 8.0 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":"2025-04-18","price":298.188812},{"date":"2026-05-01","price":356.910004}],"distribution_rollovers":[],"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":[416.2001,421.476,428.3447,456.0184,443.5752,437.2043,424.0145,420.8788,408.8338,369.0155,402.6619,405.8972,374.7394,365.0337,369.5132,388.626,374.9385,360.2555,347.215,365.3323,336.1157,340.0478,326.858,313.4193,311.4284,286.2931,274.497,260.7099,262.3524,244.3844,284.2027,277.6327,296.397,290.7727,298.1888,283.1574,277.1349,260.6601,278.9765,276.9359,281.5149,298.2386,293.7093,285.1981,297.8404,312.2745,303.4648,303.1661,289.9763,299.0349,282.0624,264.6917,275.6915,263.2483,278.3295,273.3024,360.1,354.65,365.65,343.85,325.15,320.8,312.2,307.3,316.0,301.2,289.2,288.45,283.65,277.35,282.65,288.05,273.9,259.25,236.35,243.55,248.64,245.66,237.45,238.49,216.58,211.43,199.19,176.06,184.81,202.39,221.0,283.71,356.91,314.55,286.45,279.7,264.75,261.3,255.4,279.85,265.5,271.65,263.5,261.25,254.55,257.55,294.25,294.15],"consensus":[-20.6442,-15.2985,-11.3789,39.6779,-15.2324,-13.5571,-27.5375,-19.9191,-40.5361,-64.3266,0.0,0.0,-47.3214,-34.7254,-23.1223,0.0,-31.3748,-36.9753,-45.355,0.0,-58.7042,-17.8087,-44.3113,-39.9291,-33.071,-60.7935,-48.449,-55.8745,-27.5383,-62.5364,27.0858,-17.8339,25.9527,9.4191,13.3927,-24.7685,-26.0594,-43.2207,10.6439,-16.4608,0.0,38.1035,0.0,-9.2634,31.8421,38.4061,0.0,11.2355,-23.8097,13.3016,-31.0038,-48.0425,0.0,-45.1205,15.5232,-18.3627,67.2226,25.1303,53.3688,0.0,-27.751,-14.328,-27.8229,-20.5449,8.9539,-35.6163,-40.69,-25.8988,-29.1475,-36.6861,-17.1247,0.0,-41.3571,-46.2685,-64.8836,-20.2634,-17.4607,-34.4654,-38.7305,-17.5494,-61.7787,-38.0048,-64.9129,-74.8714,-13.5883,9.2356,37.0168,64.7724,81.3933,0.0,0.0,8.5662,-30.7277,-12.2265,0.0,31.8724,0.0,0.0,0.0,-18.0253,-22.7836,-12.0292,56.2309,-24.4378],"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":[0.0,-50.5841,20.5427,-28.9324,54.9977,17.3132,46.0587,0.0,-20.2916,-12.9705,-24.9789,-15.8345,8.2138,-38.8997,-44.1581,-24.9544,-25.3185,-39.4132,-19.9828,0.0,-49.1171,-48.0997,-70.1363,-8.5646,-12.0436,-36.5133,-51.3099,-15.7851,-63.0462,-27.703,-63.4218,-74.4006,-7.0569,11.368,30.6967,53.3267,82.2563,0.0,0.0,14.9164,-23.5529,-7.1776,0.0,34.9964,0.0,0.0,0.0,-19.618,-26.1957,-10.6333,47.3723,-17.7633],"force":[0.0,-42.6026,41.2375,-21.7273,93.3266,12.5151,51.7312,0.0,-77.2266,-26.5508,-42.7359,-23.4477,28.1619,-45.6862,-41.8072,-16.969,-19.0787,-24.9124,-0.364,0.0,-39.9452,-43.6668,-62.8166,-11.5323,-14.3528,-23.3881,-27.1924,-3.7232,-66.2649,-28.8149,-74.2298,-89.097,-38.673,67.3503,84.1366,92.6776,95.7777,0.0,0.0,17.5171,-66.8692,-14.5762,0.0,44.7967,0.0,0.0,0.0,-18.2212,-21.5933,-5.9669,85.4804,-6.8182],"direction":[0.0,-40.6751,8.5808,-3.8799,62.5481,60.9538,62.8929,0.0,-0.9364,-7.1488,-20.4211,-23.8547,3.9202,-24.6711,-35.9286,-33.3566,-40.7154,-41.9793,-26.3502,0.0,-33.4971,-46.0341,-60.3568,-56.3448,-46.3756,-40.0372,-32.5955,-34.7604,-57.1257,-56.3425,-59.9621,-65.2485,-58.3823,34.7119,10.5828,57.9209,70.1324,0.0,0.0,19.9397,-13.1123,-16.3183,0.0,19.0704,0.0,0.0,0.0,-16.065,-19.7341,-17.9548,45.4625,-44.6513],"intensity":[19.2308,23.0769,38.4615,15.3846,100.0,98.0769,36.5385,71.1538,84.6154,9.6154,36.5385,36.5385,42.3077,48.0769,63.4615,3.8462,53.8462,7.6923,15.3846,3.8462,40.3846,75.0,80.7692,59.6154,28.8462,38.4615,65.3846,11.5385,84.6154,88.4615,32.6923,88.4615,84.6154,63.4615,73.0769,98.0769,96.1538,92.3077,92.3077,86.5385,42.3077,78.8462,23.0769,88.4615,80.7692,44.2308,38.4615,1.9231,19.2308,3.8462,90.3846,80.7692],"confirmation":[3.7154,82.2786,30.1718,51.1509,90.4931,32.3501,85.1395,12.5883,55.8352,50.3115,77.4012,74.7346,49.6316,79.6541,81.002,76.0299,77.0787,79.3392,50.3143,3.7027,81.073,82.6987,88.6197,30.8204,30.429,78.6601,79.8504,51.122,87.8866,80.0384,89.0788,92.3996,11.1053,34.7659,81.3777,89.752,94.4711,38.4116,36.4221,28.2531,79.0437,49.3944,25.5092,78.5454,48.1949,24.7815,48.5188,73.7498,75.2025,49.0192,87.0203,37.9571],"persistence":[0.0,25.0,12.5,37.5,12.5,12.5,12.5,25.0,12.5,12.5,12.5,12.5,12.5,37.5,62.5,75.0,75.0,75.0,75.0,62.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,75.0,50.0,25.0,0.0,12.5,25.0,50.0,50.0,25.0,12.5,12.5,0.0,0.0,0.0,25.0,25.0,25.0,12.5,12.5],"assessmentRisk":[39.4527,27.1659,22.8879,40.0188,16.2299,37.3397,23.1887,49.4215,28.8132,35.1379,34.1277,33.532,21.172,13.4564,14.5064,17.6823,27.4682,31.1417,21.1243,2.6262,21.0952,26.0029,17.5549,39.8584,40.6198,27.6341,25.4685,17.0687,18.9479,30.8923,17.4906,12.5636,42.9139,35.3096,27.3887,17.6099,9.3028,50.4839,51.0834,10.4265,34.2728,40.3692,34.9526,15.7039,4.11,13.6478,15.8727,17.4339,8.1475,30.0903,19.7174,36.8155],"volumeParticipation":true,"latest":{"consensus":-24.4,"control":-17.8,"force":-6.8,"direction":-44.7,"confirmation":38.0,"persistence":12.5,"assessmentRisk":36.8,"intensity":80.8,"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":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-24.4","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-17.8","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-6.8","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-44.7","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"38/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"56.9","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"8.9%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"23.0","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"64%","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 and its trend 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