Sidewall indentations are normal and are present in almost all PSR, LTR, and STR tires. This is where the body ply material (not the belts) overlap.
When you inflate a tire all fabric (i.e. non-steel) sidewall tires stretch a little. When you have one layer or ply it stretches a little bit. where there is an overlap it stretches less and creates an illusion of a "dent".
This is OK.
What is
NOT OK is a bulge outward. That can be an indication of either an "open splice" or of a possible sidewall Impact break.
HERE is a post from my RVTire blog showing what a bulge looks like and the results of my "autopsy" that confirmed sidewall damage due to some pot-hole impact on my wife's car.
I have a number of posts on "Impact"
Here is another.
IMO you can learn a lot and get answers to many tire questions on my blog. But I am obviously biased.
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.Write a blog on RV tire application
RV Tire Safety. 48 years experience as tire design & forensic engineer. My RV Freelander 23QB on Chevy 4500 chassis. Giving seminars on RV Tire applications (not selling)@ FMCA Conventions. Mar 20-22 Tucson AZ