Scanner Viewer

Select a trading day to view all Scanner results, chart evidence, and market explanations.

30 29 25 24 23 22 19 18 17 16 15 12 11 10 09 08 05 04 03

June 23, 2026

4 Scanners Available

TVSMOTOR
Auto
Success
VRZ High Swing Jun 23, 2026
TVSMOTOR Swing BOF Analysis | Failed Breakout at Daily VRZ High Triggers Bearish Reversal
View Full Analysis →

TVSMOTOR Swing BOF Analysis | Failed Breakout at Daily VRZ High Triggers Bearish Reversal

Stock Name: TVS Motor Company Ltd (TVSMOTOR)

Sector: Automobile & Two-Wheelers

Trade Type: Swing

VRZ Marking Time Frame: Daily

Trading Time Frame: 1 Hour

Setup Type: Breakout Failure (BOF) at VRZ High

Zone: VRZ High – ₹3,501.70

BOF Formation and Rejection

TVSMOTOR approached the previously identified Daily VRZ High at ₹3,501.70 and briefly traded above the resistance zone, creating the appearance of a bullish breakout.

At first glance, the move suggested that buyers had gained control and a continuation toward higher levels was likely. The breakout attracted fresh buying interest and encouraged traders to anticipate further upside momentum.

However, the market failed to sustain above the VRZ.

Instead of establishing acceptance above ₹3,501.70, selling pressure emerged near the resistance zone. Price quickly moved back below the VRZ High and began forming lower highs on the 1-hour chart.

This transition confirmed a classic bearish Breakout Failure (BOF).

Once the breakout failed, trapped buyers started exiting their positions while fresh sellers entered the market. The combination of long unwinding and new selling participation accelerated the downside move.

The setup eventually delivered a 1.69% decline with a favorable 1:3 risk-reward outcome.

BOF Behaviour and Market Participation

Many traders assumed:


  • The sharp decline below support was overextended.
  • A failed breakdown would trigger a meaningful recovery.
  • Buyers would reclaim the VRZ and regain control.

The market responded differently:


  • Sellers maintained dominance below ₹439.25.
  • Buying interest remained limited.
  • Price failed to establish acceptance above the VRZ.
  • The expected BOF structure never developed.

This shift from anticipated reversal to continued weakness prevented the setup from becoming a high-probability trade.

BOF Insights and Trading Lessons

1. Every Breakdown Does Not Become a BOF

Price must reclaim and sustain above the VRZ for a valid bullish BOF to emerge.

2. Acceptance Determines Confirmation

Without acceptance above ₹439.25, the reversal premise remained incomplete.

3. Consolidation Below Support Signals Weakness

Sideways trading beneath the VRZ often reflects a lack of buying conviction.

4. Patience Preserves Capital

Avoiding incomplete setups is a key component of professional trading discipline.

Trade Structure

Entry: Short position after price moved back below the Daily VRZ High and confirmed rejection.

Stop Loss: Kept above the failed breakout swing high, as a move beyond that level would negate the bearish premise.

Outcome: 1.69% Move | 1:3 Risk-Reward

BOF Status:Successful

Trader's Perspective

This was a textbook swing trading example of a bearish BOF setup at a major Daily VRZ High. The failed breakout trapped aggressive buyers and created a favorable risk-to-reward short opportunity.

The trade followed the principles of the Logical Trading System (LTS), demonstrating how patience, confirmation, and disciplined execution can help traders capitalize on failed breakout scenarios.

Result:Bearish BOF Successful | 1.69% Downside Move | 1:3 RR Achieved | TVSMOTOR (1-Hour Chart)

BOF Scanner App identified this setup at 11:15 am

PFC
Finance
Failure
VRZ Low Intraday Jun 23, 2026
PFC Intraday Trading Research | Potential BOF at Support Dissolves Amid Weak Price Action
View Full Analysis →

PFC Intraday Trading Research | Potential BOF at Support Dissolves Amid Weak Price Action

Stock Name: Power Finance Corporation Ltd (PFC)

Sector: Financial Services & Power Financing

Trade Type: Intraday

VRZ Marking Time Frame: 30 Minutes

Trading Time Frame: 5 Minutes

Setup Type: Potential Breakout Failure (BOF) at VRZ Low (Invalidated)

Zone: VRZ Low – ₹439.25

BOF Setup and Failure to Confirm

PFC approached the previously identified VRZ Low at ₹439.25 and traded below the support zone, indicating bearish control in the early stages of the session.

At first glance, the weakness created the possibility of a bullish Breakout Failure (BOF) setup, where a failed breakdown could potentially attract buyers and trigger an intraday recovery.

However, the market never reclaimed the VRZ Low or established acceptance above ₹439.25.

Instead of developing into a textbook BOF structure, the stock remained below the support zone and traded in a narrow consolidation range. The expected buying momentum failed to emerge, and the reversal setup never matured into a tradable opportunity.

As a result, the potential BOF was invalidated before confirmation.

BOF Behaviour and Market Participation

Many traders assumed:

❌ The sharp decline below support was overextended.

❌ A failed breakdown would trigger a meaningful recovery.

❌ Buyers would reclaim the VRZ and regain control.

The market responded differently:

❌ Sellers maintained dominance below ₹439.25.

❌ Buying interest remained limited.

❌ Price failed to establish acceptance above the VRZ.

❌ The expected BOF structure never developed.

This shift from anticipated reversal to continued weakness prevented the setup from becoming a high-probability trade.

Important Observations from the BOF

Every Breakdown Does Not Become a BOF

Price must reclaim and sustain above the VRZ for a valid bullish BOF to emerge.

Acceptance Determines Confirmation

Without acceptance above ₹439.25, the reversal premise remained incomplete.

Consolidation Below Support Signals Weakness

Sideways trading beneath the VRZ often reflects a lack of buying conviction.

Patience Preserves Capital

Avoiding incomplete setups is a key component of professional trading discipline.

Trader's Perspective

This session highlighted an important principle of price action trading: a potential BOF setup is not the same as a confirmed BOF setup. Although PFC briefly hinted at a possible failed breakdown scenario, the absence of price reclaim and follow-through buying prevented the trade from meeting the criteria of the Logical Trading System (LTS).

Remaining patient and avoiding a forced entry preserved both capital and discipline.

Result: ⚠️ Potential Bullish BOF Invalidated | No Tradable Reversal Setup | PFC (5-Minute Chart)

BOF Scanner App identified this setup at 09:50 am

DMART
Retail
Success
VRZ Low Intraday Jun 23, 2026
DMART Intraday BOF Analysis | Failed Breakdown at VRZ Low Triggers Strong Bullish Recovery
View Full Analysis →

DMART Intraday BOF Analysis | Failed Breakdown at VRZ Low Triggers Strong Bullish Recovery

Stock Name: Avenue Supermarts Ltd (DMART)

Sector: Retail & Consumer Services

Trade Type: Intraday

VRZ Marking Time Frame: 30 Minutes

Trading Time Frame: 5 Minutes

Setup Type: Breakout Failure (BOF) at VRZ Low

Zone: VRZ Low – ₹4,315.00

BOF Formation and Recovery

DMART approached the previously identified VRZ Low at ₹4,315.00 and briefly traded below the support zone, creating the appearance of a bearish breakdown.

At first glance, the move suggested that sellers had gained control and lower prices were likely. The breakdown attracted fresh short sellers anticipating downside continuation and caused existing longs to become cautious.

However, the market failed to accept prices below the VRZ.

Instead of extending lower, buyers quickly absorbed the selling pressure and pushed the stock back above ₹4,315.00. Within a few candles, price reclaimed the VRZ Low and started building acceptance above the support zone.

This transition confirmed a classic Breakout Failure (BOF).

Once the breakdown failed, trapped sellers began covering their positions while fresh buyers entered the market. The combination of short covering and new buying participation generated a strong intraday recovery.

The bullish reversal eventually delivered a 2.54% upside move with an exceptional 1:12 risk-reward outcome.


Market Psychology During the BOF Setup

Many traders assumed:


  • The breakdown below support was genuine.
  • Sellers had firmly taken control.
  • Lower prices were inevitable.

The market disagreed.

When price reclaimed ₹4,315.00:


  • Breakdown sellers started losing conviction.
  • Early shorts rushed to cover positions.
  • Buyers recognized the failed breakdown.
  • Momentum gradually shifted in favor of the bulls.

This change from bearish confidence to uncertainty became the fuel for the upside move.


BOF Analysis and Key Observations

1. A Breakdown Requires Acceptance

Trading below support is not enough. The market must sustain below that level.

2. Reclaiming the VRZ Reveals Strength

The quick recovery above ₹4,315.00 highlighted aggressive buying interest.

3. Failed Breakdowns Often Reverse Sharply

Trapped sellers and fresh buyers frequently create powerful recovery moves.

4. Confirmation Beats Prediction

Waiting for BOF confirmation provided a significantly higher-probability long setup.


Trade Structure

Entry: Long position after confirmation that price reclaimed and sustained above the VRZ Low.

Stop Loss: Positioned below the low of the BOF confirmation candle to manage downside risk.

Outcome: 2.54% Move

Risk-Reward: 1:12 RR

BOF Scanner App identified this setup at 09:20 am

NTPC
Power
Success
VRZ High Intraday Jun 23, 2026
NTPC Intraday Study | Failed Resistance Breakout Creates High-Probability Short Setup
View Full Analysis →

NTPC Intraday Study | Failed Resistance Breakout Creates High-Probability Short Setup

Stock Name: NTPC Ltd (NTPC)

Sector: Power

Trade Type: Intraday

VRZ Marking Time Frame: 30 Minutes

Trading Time Frame: 5 Minutes

Setup Type: Breakout Failure (BOF) at VRZ High

Zone: VRZ High – ₹368.50

BOF Formation and Reversal

NTPC approached the previously identified VRZ High at ₹368.50 and briefly traded above the resistance zone, creating the appearance of a bullish breakout.

At first glance, the move suggested that buyers had gained control and higher prices were likely. The breakout attracted fresh long positions expecting upside continuation.

However, the market failed to sustain above the VRZ.

Instead of building acceptance above ₹368.50, selling pressure emerged and quickly pushed the stock back below the resistance zone. Within a few candles, price reclaimed the breakout area from above and began establishing acceptance below the VRZ High.

This transition confirmed a classic bearish Breakout Failure (BOF).

Once the breakout failed, trapped buyers started exiting their positions while fresh sellers entered the market. The combination of long unwinding and new selling participation generated a steady intraday decline.

The setup eventually delivered a 1.79% downside move with an exceptional 1:8 risk-reward outcome.

BOF Sentiment and Market Reactions

Many traders assumed:


  • The breakout above resistance was genuine.
  • Buyers had firmly taken control.
  • Higher prices were inevitable.

The market disagreed.

When price slipped back below ₹368.50:


  • Breakout buyers started losing conviction.
  • Early longs rushed to exit positions.
  • Sellers recognized the failed breakout.
  • Momentum gradually shifted in favor of the bears.

This change from bullish confidence to uncertainty became the fuel for the downside move.

BOF Analysis and Key Observations

1. A Breakout Requires Acceptance

Trading above resistance is not enough. The market must sustain above that level.

2. Rejection Above the VRZ Is Valuable Information

The quick failure above ₹368.50 revealed aggressive supply and lack of buying commitment.

3. Failed Breakouts Often Reverse Sharply

Trapped buyers and fresh sellers frequently create powerful downside moves.

4. Confirmation Beats Prediction

Waiting for BOF confirmation provided a significantly higher-probability short setup.

Trade Structure

Entry: Short position after confirmation that price moved back below and sustained under the VRZ High.

Stop Loss: Placed above the BOF rejection high to protect against a renewed breakout attempt.

Outcome: 1.79% Move

Risk-Reward: 1:8 RR

BOF Status:Successful

BOF Scanner App identified this setup at 09:20 am

Scanner Chart Preview