π» MARUTI moved lower and tested the βΉ12,700 VRZ Low.
β οΈ Sellers pushed price below the key support, creating a potential breakdown.
π’ The breakdown failed as buyers defended the VRZ Low and reclaimed the key level.
π Strong bullish candles followed the rejection, showing a clear shift in momentum.
π Price continued forming higher highs as buyers gained control.
π― The move extended toward the βΉ12,849 upside area.
π The successful BOF setup delivered a 1.17% bullish move with a 1:2 RR.
π Price approached the VRZ Low after a sharp bearish move.
π΄ Sellers attempted to sustain price below βΉ12,700.
β οΈ The breakdown lacked follow-through and quickly lost momentum.
π’ Buyers stepped in around the VRZ Low and pushed price back above support.
π Subsequent candles confirmed improving bullish structure.
β‘ Buying momentum strengthened as price moved higher.
π― MARUTI advanced toward the projected upside objective around βΉ12,849.
Initially, traders could have expected:
π΄ A confirmed breakdown below βΉ12,700.
π Further downside continuation.
π» Sellers to remain in control.
But the market quickly changed the narrative.
β οΈ The breakdown failed to sustain.
π° Breakdown sellers became trapped below the VRZ Low.
π’ Buyers reclaimed βΉ12,700 and regained control.
π Trapped sellers were forced to exit as price moved higher.
π Fresh buying pressure accelerated the bullish reversal.
π΄ Sellers attempted to break the βΉ12,700 support.
π’ Buyers strongly defended the VRZ Low.
βοΈ Price briefly moved below the zone before reversing.
β οΈ Failure to sustain lower levels weakened the bearish setup.
π The bullish reclaim confirmed the Breakout Failure.
π Buyers took control and pushed MARUTI toward higher levels.
π― The reversal ultimately delivered the projected upside move.
π― VRZ Low Rejection
The βΉ12,700 VRZ Low acted as a strong support zone where buyers stepped in.
β‘ Breakdown Failed
Sellers were unable to maintain price below the key level.
π¨ Bullish Reclaim
Price recovered above the VRZ Low, confirming the failed breakdown.
π Momentum Shift
Strong bullish candles demonstrated increasing buyer participation.
π Defined Risk
The βΉ12,643 area provided a clear invalidation reference below the setup.
π° Reward Outpaced Risk
The successful BOF setup delivered a 1.17% bullish move with a 1:2 RR.
π΄ Initial Decline: Sellers pushed MARUTI toward the VRZ Low.
β οΈ Breakdown Attempt: Price moved below βΉ12,700, but the breakdown failed.
π’ Reclaim: Buyers recovered above the VRZ Low.
π Confirmation: Bullish candles established stronger upward momentum.
π― Final Move: Price advanced toward the βΉ12,849 upside objective.