{"schema_version":"1.0","name":"MEDPLUS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"f5883984-881e-4db2-80e4-303d43e95f53","symbol":"MEDPLUS","name":"MedPlus Health Services Limited","exchange":"NSI","country":"IN","asset_type":"equity","currency":"INR","sector":"Healthcare","industry":"Pharmaceutical Retailers"},"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 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":14.6,"averageExpectedMove":14.6,"averageWeeksToLargestMove":12.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-8.6,"medianReturn":-8.6,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-14.6,"medianReturn":-14.6,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-19.4,"medianReturn":-19.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.5,"sample":1},{"week":2,"averageReturn":-3.9,"sample":1},{"week":3,"averageReturn":-7.5,"sample":1},{"week":4,"averageReturn":-8.6,"sample":1},{"week":5,"averageReturn":-4.3,"sample":1},{"week":6,"averageReturn":-8.7,"sample":1},{"week":7,"averageReturn":-8.2,"sample":1},{"week":8,"averageReturn":-5.5,"sample":1},{"week":9,"averageReturn":-5.9,"sample":1},{"week":10,"averageReturn":-3.9,"sample":1},{"week":11,"averageReturn":-13.0,"sample":1},{"week":12,"averageReturn":-14.6,"sample":1},{"week":13,"averageReturn":-13.8,"sample":1},{"week":14,"averageReturn":-11.6,"sample":1},{"week":15,"averageReturn":-12.6,"sample":1},{"week":16,"averageReturn":-11.9,"sample":1},{"week":17,"averageReturn":-11.7,"sample":1},{"week":18,"averageReturn":-17.4,"sample":1},{"week":19,"averageReturn":-21.6,"sample":1},{"week":20,"averageReturn":-17.7,"sample":1},{"week":21,"averageReturn":-19.8,"sample":1},{"week":22,"averageReturn":-20.3,"sample":1},{"week":23,"averageReturn":-19.9,"sample":1},{"week":24,"averageReturn":-17.3,"sample":1},{"week":25,"averageReturn":-18.0,"sample":1},{"week":26,"averageReturn":-19.4,"sample":1}]},"currentApplication":{"status":"Evidence aligned downward","tone":"negative","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","confirm":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"accumulation","zoneContext":"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.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":62.5,"averageReturn":-1.3,"sample":16},"nowContext":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"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, 62.5% of comparable cases moved lower after 12 weeks, with an average move of -1.3% across 16 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, 66.7% of completed 12-week outcomes were higher across 6 cases. Distinct visits lasted 2.8 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 improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 13.6% across 17 completed cases, with the largest move arriving after 6.4 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."},{"eyebrow":"Position management","title":"Size for the path, not only the eventual long reward","tone":"positive","finding":"Across 1 completed accumulation cycles, the average gross long opportunity was 51.8%, while the average adverse move was 0.0%.","approach":"Scale exposure only as confirmation improves, and keep enough risk capacity to survive the ticker's observed adverse path.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2024-09-13","price":707.650024},{"date":"2024-10-18","price":681.849976},{"date":"2024-11-01","price":679.25}],"distribution_rollovers":[],"price_pressure_gaps":[{"date":"2025-05-23","price":952.450012}]}},"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":[635.0,679.4,730.85,707.65,667.6,669.1,654.7,666.9,681.85,657.85,679.25,680.0,704.25,741.8,782.7,850.8,855.0,848.05,841.1,832.0,834.3,785.0,718.6,723.35,796.25,724.7,722.8,714.6,708.75,709.1,730.4,760.0,730.15,789.2,795.3,793.1,799.3,795.25,885.55,952.45,966.4,915.15,880.6,870.9,911.8,869.3,874.35,900.4,896.25,915.25,828.65,813.8,821.25,841.95,832.5,838.75,840.55,786.9,746.65,784.2,763.5,759.0,762.85,787.35,781.25,767.4,808.8,810.45,804.55,820.55,814.85,808.25,817.6,833.4,775.4,798.95,868.9,858.75,829.15,847.6,841.5,849.65,820.65,827.75,836.05,866.85,877.8,903.65,872.15,874.7,951.0,898.75,895.2,858.7,881.95,844.45,835.0,822.0,826.1,801.1,720.55,705.0,700.25,668.95],"consensus":[-39.4696,41.1656,66.054,0.0,-29.1452,-9.4942,-31.9428,0.0,20.3484,-31.4959,26.5934,11.4594,40.502,62.4608,72.106,76.3077,46.2549,29.5095,30.9213,13.6779,20.8279,-31.0659,-60.919,-11.7818,32.5094,-50.1567,-17.3932,-26.2337,-32.2295,-13.6776,12.529,31.7727,-16.921,49.1376,18.4936,10.6022,20.7454,0.0,70.4319,71.3494,42.0711,0.0,-8.4164,-9.3193,34.5228,-23.9258,12.0664,26.5291,0.0,29.0523,-52.4672,-35.0075,-20.2926,0.0,-19.6632,0.0,0.0,-54.4659,-54.8926,0.0,-39.9858,-29.9193,0.0,0.0,0.0,-22.8358,38.7662,14.7119,0.0,32.4579,0.0,0.0,13.7426,24.8449,-46.6578,11.1855,55.8413,8.5132,-10.9909,31.7839,8.6668,18.8575,-23.0917,0.0,8.4509,43.2923,32.6046,46.9615,0.0,11.7293,64.306,-23.054,10.9536,-19.2072,8.1149,-34.0602,-24.8074,-21.6786,-14.6477,-49.3708,-67.0014,-55.6209,-38.1851,-67.6922],"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":[-14.5335,0.0,-25.3581,0.0,0.0,-55.1154,-56.7846,0.0,-36.7429,-31.0155,0.0,0.0,0.0,-27.9745,39.9499,14.5848,0.0,31.1736,0.0,0.0,11.8287,25.6423,-47.0264,16.2487,52.0722,5.6698,-21.4071,27.4174,17.9738,23.63,-26.941,0.0,11.7457,39.508,29.1031,46.4133,0.0,11.4611,57.6494,-22.2688,9.3775,-22.2647,17.9861,-37.3766,-21.0064,-16.141,-3.7989,-51.9855,-58.2026,-51.1503,-27.4613,-66.3366],"force":[-2.9494,0.0,-17.4769,0.0,0.0,-63.344,-47.4562,0.0,-31.9088,-12.7057,0.0,0.0,0.0,-26.2739,60.5208,11.2924,0.0,37.6016,0.0,0.0,13.6596,24.9068,-68.3402,27.5994,76.4394,22.2572,-42.2872,38.8158,2.9153,21.9814,-38.8835,0.0,11.2275,72.1347,28.7003,45.3411,0.0,4.6283,89.5243,-76.9708,1.3654,-22.6088,21.2326,-32.6705,-13.8708,-7.4767,-2.623,-48.9219,-85.9651,-48.8795,-16.6795,-68.737],"direction":[-39.2624,0.0,-14.7165,0.0,0.0,-47.382,-58.042,0.0,-49.4611,-40.962,0.0,0.0,0.0,-14.5073,21.8745,17.2995,0.0,30.2515,0.0,0.0,15.9891,23.8893,-30.7492,6.3251,45.4358,33.7416,-23.2679,31.7515,2.1383,11.1719,-7.4126,0.0,2.7021,27.0154,39.395,48.7455,0.0,17.1079,53.9004,-14.5607,19.6037,-13.2832,12.5363,-31.2628,-36.9634,-38.1516,-39.3825,-46.7031,-63.5116,-65.5455,-65.802,-68.4953],"intensity":[9.6154,25.0,11.5385,25.0,17.3077,73.0769,65.3846,55.7692,28.8462,26.9231,17.3077,96.1538,82.6923,28.8462,57.6923,28.8462,7.6923,30.7692,21.1538,17.3077,44.2308,28.8462,73.0769,42.3077,88.4615,61.5385,61.5385,32.6923,42.3077,7.6923,50.0,34.6154,32.6923,57.6923,48.0769,51.9231,59.6154,32.6923,90.3846,78.8462,100.0,75.0,42.3077,67.3077,34.6154,42.3077,1.9231,55.7692,100.0,90.3846,32.6923,65.3846],"confirmation":[51.3862,28.1058,74.1388,25.4244,1.2624,85.6898,85.3102,32.1051,80.5987,77.0329,4.5324,5.2567,1.3874,75.3339,81.0502,72.6055,25.1752,78.5628,24.8741,1.2276,72.4243,75.9401,83.5857,50.6851,86.5544,6.578,31.9426,78.4517,25.1229,74.0569,53.1453,2.4343,48.072,82.7902,78.3678,82.9867,30.7015,48.8744,89.4479,34.8054,48.5703,74.2034,28.1872,78.8064,75.663,51.922,27.5525,83.7451,90.1525,85.6614,79.7272,97.714],"persistence":[12.5,0.0,25.0,37.5,37.5,62.5,62.5,50.0,50.0,62.5,50.0,50.0,50.0,50.0,25.0,12.5,0.0,25.0,25.0,25.0,37.5,62.5,37.5,37.5,50.0,50.0,37.5,50.0,50.0,50.0,50.0,37.5,37.5,37.5,62.5,62.5,50.0,50.0,75.0,62.5,62.5,37.5,37.5,12.5,0.0,25.0,50.0,50.0,75.0,75.0,100.0,100.0],"assessmentRisk":[38.6385,47.0582,15.7515,30.3301,27.3874,19.821,22.1388,45.7566,29.1602,19.9161,25.5532,3.0933,33.671,28.1849,27.6859,28.0082,34.6835,31.9736,10.7526,6.9365,26.5963,22.3648,23.7386,24.5406,19.2468,30.7843,52.7042,30.8408,41.3386,24.7452,2.3731,30.435,13.2968,3.8011,31.3879,26.2736,46.1426,12.9483,17.315,3.6346,26.3624,13.2665,52.5805,29.1813,34.8749,28.9476,39.5425,18.6906,16.2992,22.0251,30.8096,16.1506],"volumeParticipation":true,"latest":{"consensus":-67.7,"control":-66.3,"force":-68.7,"direction":-68.5,"confirmation":97.7,"persistence":100.0,"assessmentRisk":16.2,"intensity":65.4,"evidenceDepth":100},"analysis":{"status":"Joint 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":"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":"-67.7","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-66.3","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-68.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction 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