The BOF Scanner helps identify potential Breakout Failure (BOF) setups by highlighting important price levels and reversal opportunities. In this example, the setup begins with a 09:45 AM BOF Scanner alert on the MCX 5-minute chart and progresses into an options trade that reaches a 1:3+ Risk-to-Reward level.
Hereβs the complete chart-by-chart breakdown π
The first chart shows the MCX 5-minute price chart with a 09:45 AM BOF Scanner alert.
The key reference level on the chart is the VRZ Low at βΉ3,254.30.
Price moves down toward and below the VRZ Low. Instead of continuing lower, price quickly reverses and moves back above the level.
This creates the Breakout Failure (BOF) setup. ππ
The scanner generates the alert at:
β° 09:45 AM | 5 Mins BOF
The chart identifies:
π VRZ Low: βΉ3,254.30
This is the key level around which the setup develops.
After the BOF formation, price begins a strong recovery and moves toward the βΉ3,290ββΉ3,300 zone. π
The first chart establishes the trade idea: the BOF Scanner identifies a failed breakdown around the VRZ Low, creating a structured setup with a defined entry area and stop-loss.
Once the underlying MCX setup develops, the second chart shows the corresponding MCX 29 Sep 2026 3250 CE on a 5-minute chart.
The option initially experiences a sharp decline before producing a strong reversal.
Following the BOF-based move, the option price climbs from the lower zone toward the βΉ150 area and above. π
The chart shows:
Risk = βΉ6 per unit
For 225 quantity:
225 Γ βΉ6 = βΉ1,350
The chart shows:
Reward so far = βΉ22 per unit
For 225 quantity:
225 Γ βΉ22 = βΉ4,950
This means the reward shown on the chart is substantially higher than the calculated initial risk. π°
The second chart demonstrates how the BOF setup translated into an options trade. The chart records βΉ6 of risk per unit against βΉ22 of reward per unit, producing a strong Risk-to-Reward outcome.
The third chart returns to the MCX 29 Sep 2026 5-minute chart and shows the underlying price movement following the BOF setup.
The chart shows price moving upward from the trade area toward βΉ3,308.40, with the upper level marked around βΉ3,315.50. π
The chart calculates:
Risk points/lot = 13
With one lot containing 225 Qty:
13 Γ 225 = βΉ2,925
The chart shows:
Reward points so far/lot = 40
For 225 quantity:
40 Γ 225 = βΉ9,000
The third chart clearly states:
The calculation is:
40 Γ· 13 β 3.08
So, based on the figures displayed on the chart, the trade has crossed the 1:3 Risk-to-Reward milestone. π―
π΄ Risk: βΉ2,925
π’ Reward: βΉ9,000
π Risk-to-Reward: Approximately 1:3.08
This means the reward shown so far is more than three times the defined risk.
Hereβs the complete setup in simple steps:
The BOF Scanner detects a setup at 09:45 AM on the 5-minute MCX chart.
π VRZ Low = βΉ3,254.30
Price fails to sustain the breakdown and reverses back above the VRZ Low.
The setup uses the VRZ area as the entry reference.
π The stop-loss is positioned below the BOF candle low, keeping the risk clearly defined.
π The trading plan aims for at least 1:3 Risk-to-Reward.
The setup is reflected in the MCX 29 Sep 2026 3250 CE.
π¦ 1 Lot = 225 Qty
The chart records:
π΄ Risk = βΉ6/unit
π’ Reward so far = βΉ22/unit
π° Total Risk = βΉ1,350
π° Total Reward = βΉ4,950
The MCX chart shows the underlying price moving higher.
π΄ Risk = 13 points
π’ Reward achieved = 40 points
π¦ Quantity = 225
π΄ Risk = βΉ2,925
π’ Reward = βΉ9,000
The reward reaches approximately 3.08 times the defined risk.
π― 1:3 RR Achieved Already
This trade example demonstrates how a BOF Scanner alert can be followed through a structured trading process.
The setup begins with a 09:45 AM BOF alert on the MCX 5-minute chart, where price fails to sustain a breakdown around the VRZ Low of βΉ3,254.30. The reversal provides the basis for the trade, with the entry positioned close to the VRZ level and the stop-loss placed below the BOF candle low.
The setup is then reflected in the MCX 29 Sep 2026 3250 CE. With 225 quantity per lot, the chart records a risk of βΉ6 per unit and a reward of βΉ22 per unit.
This results in:
π΄ Total Risk = βΉ1,350
π’ Total Reward = βΉ4,950
The third chart shows the underlying MCX move in greater detail. The setup carries 13 points of risk and reaches 40 points of reward.
For 225 quantity:
π΄ Risk = βΉ2,925
π’ Reward = βΉ9,000
That puts the trade at approximately 1:3.08 Risk-to-Reward, meaning the 1:3 RR milestone has already been achieved based on the figures displayed in the chart. π―π₯