📍 COLPAL approached the VRZ Low at ₹2,020.00, where traders anticipated a Bullish Breakout Failure (BOF) after the initial breakdown.
⚠️ However, the expected bullish reversal never developed.
📉 Instead of reclaiming and holding above the VRZ Low, price remained comfortably below the support zone throughout the session.
🐂 Buyers attempted minor intraday recoveries, but each bounce lacked strength and was quickly absorbed by selling pressure.
🐻 Sellers maintained complete control, preventing any meaningful recovery above the VRZ Low.
🚫 Since price never reclaimed the support zone with conviction, the breakdown remained valid, making this a clear BOF Failure.
💭 Did price reject the VRZ Low after the breakdown?
No. Price continued to trade below the support zone without showing any strong rejection.
💭 Did buyers reclaim the VRZ Low?
No. Every recovery attempt was weak and failed to establish acceptance above ₹2,020.00.
💭 Who controlled the market after the breakdown?
🐻 Sellers dominated throughout the session, keeping the bearish momentum intact.
💭 Was there any confirmation of a Bullish BOF?
🚫 No. The required reclaim, bullish follow-through, and sustained acceptance above the VRZ were completely absent.
✅ A temporary pause below support is not a BOF confirmation.
✅ Wait for price to reclaim and sustain above the VRZ before considering a bullish reversal.
✅ Weak recovery candles often signal that sellers are still in control.
✅ Price acceptance below the VRZ confirms the validity of the breakdown.
✅ Trade confirmed price action—not expectations.
