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June 29, 2026

2 Scanners Available

ADANIGREEN
Power
Success
VRZ High Swing Jun 29, 2026
ADANIGREEN BOF Research | Reclaim Above VRZ Low Leads to Swing Upside
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ADANIGREEN BOF Research | Reclaim Above VRZ Low Leads to Swing Upside

Stock Name: Adani Green Energy Ltd (ADANIGREEN)

Sector: Renewable Energy & Power

Trade Type: Swing

VRZ Marking Time Frame: Daily

Trading Time Frame: 1 Hour

Setup Type: Breakout Failure (BOF) at VRZ Low

Zone: VRZ Low – ₹1,487.00

Failed Breakdown and BOF Confirmation

ADANIGREEN approached the previously identified Daily VRZ Low at ₹1,487.00 and briefly traded below the support zone, creating the appearance of a bearish breakdown.

The move attracted fresh short sellers expecting continued downside momentum, while some existing buyers exited their positions anticipating further weakness.

However, the breakdown failed to gain acceptance.

Buying pressure quickly emerged below the VRZ Low, forcing price back above ₹1,487.00. This recovery signaled that sellers were unable to sustain control beneath the support level and that the breakdown lacked strong institutional participation.

As price continued trading above the VRZ Low, the failed breakdown evolved into a confirmed bullish BOF setup.

The combination of trapped short sellers covering positions and fresh buying interest generated a steady upward move, creating a quality swing trading opportunity.

BOF Psychology and Market Behaviour

Many traders assumed:

  • The breakdown below ₹1,487.00 would trigger further selling.
  • Sellers would maintain control below the Daily VRZ.
  • The downtrend would continue into the next trading sessions.

The market disagreed.

When price reclaimed the VRZ Low:

  • Short sellers began covering their positions.
  • Buyers regained confidence above support.
  • Bullish momentum gradually strengthened.
  • The failed breakdown developed into a high-probability bullish BOF setup.

This shift in sentiment transformed bearish expectations into a sustained swing reversal.

BOF Insights and Market Lessons

1. Failed Breakdowns Often Signal Hidden Strength

  • A quick recovery above a major Daily VRZ can reveal strong institutional buying.

2. Confirmation Is More Reliable Than Prediction

  • Waiting for price to reclaim and sustain above ₹1,487.00 increased the probability of success.

3. Higher-Timeframe Support Strengthens the Setup

  • BOF setups originating from Daily VRZ levels often produce more reliable swing opportunities.

4. Trapped Sellers Can Fuel the Rally

  • Short covering combined with fresh buying helped accelerate the bullish reversal.

Trader's Perspective

This ADANIGREEN setup highlighted how a failed breakdown at a significant Daily VRZ Low can create a high-probability swing trading opportunity. Rather than chasing the initial bearish move, waiting for confirmation above the support zone aligned traders with the actual market direction and provided a disciplined long entry with clearly defined risk.

Trade Structure

Entry: Long position initiated after price reclaimed the VRZ Low and confirmed acceptance above the support zone on the 1-hour chart.

Stop Loss: Placed below the BOF rejection low, as a move back below that level would invalidate the bullish setup.

Target: Based on the next logical resistance level derived from the BOF structure and higher-timeframe price action.

Outcome: 2.15% Move

Risk-Reward: 1:4 RR

Result: ✅ Confirmed Bullish BOF | Failed Breakdown at Daily VRZ Low | 2.15% Upside Swing Captured | 1:1 Risk-Reward Achieved | ADANIGREEN (1-Hour Chart)

BOF Scanner App identified this setup at 11:15 am


TATACONSUM
Food Beverages Tobacco
Success
VRZ High Swing Jun 29, 2026
TATA Consumer Products Swing BOF Analysis | Failed Breakout at VRZ High Triggers Bearish Swing Reversal
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TATA Consumer Products Swing BOF Analysis | Failed Breakout at VRZ High Triggers Bearish Swing Reversal

Stock Name: Tata Consumer Products Ltd (TATACONSUM)

Sector: FMCG & Consumer Goods

Trade Type: Swing

VRZ Marking Time Frame: Daily

Trading Time Frame: 1 Hour

Setup Type: Breakout Failure (BOF) at VRZ High

Zone: VRZ High – ₹1,135.80

Failed Breakout and BOF Confirmation

TATACONSUM approached the previously identified VRZ High at ₹1,135.80 and attempted to break above the resistance zone on the 1-hour chart.

The initial breakout encouraged buyers to anticipate a sustained bullish continuation above the Daily VRZ. Price briefly traded beyond the resistance level, attracting momentum traders looking for a fresh upside expansion.

However, the breakout failed to gain acceptance.

Selling pressure quickly emerged near the highs, forcing price back below ₹1,135.80. This rejection indicated that buyers were unable to maintain control above resistance and that the breakout lacked the institutional participation required for continuation.

As price continued trading below the VRZ High, the failed breakout evolved into a confirmed bearish BOF setup.

The exit of trapped breakout buyers, combined with fresh short-selling activity, accelerated the downside move and established a strong bearish swing opportunity.

BOF Psychology and Market Behaviour

Many traders assumed:

❌ The breakout above ₹1,135.80 would lead to a sustained uptrend.

❌ Buyers would successfully defend the breakout level.

❌ Bullish momentum would continue over the coming sessions.

The market disagreed.

When price slipped back below the VRZ High:

✅ Breakout buyers began exiting their positions.

✅ Sellers regained confidence near resistance.

✅ Bearish momentum strengthened with every rejection.

✅ The failed breakout developed into a high-probability swing setup.

This shift in market sentiment transformed bullish expectations into a sustained bearish reversal.

BOF Insights and Market Lessons

1. Higher-Timeframe Resistance Carries Greater Importance

✅ A failed breakout at a Daily VRZ often leads to stronger directional moves than lower-timeframe failures.

2. Acceptance Determines Breakout Validity

✅ Trading above resistance is meaningful only when buyers can sustain control beyond the level.

3. Patience Improves Trade Quality

✅ Waiting for confirmation below the VRZ High increased the probability of a successful swing trade.

4. Trapped Buyers Often Fuel Bearish Momentum

✅ As bullish positions were unwound, additional selling pressure accelerated the downside move.

Trade Structure

Entry: Short position initiated after price rejected the VRZ High and confirmed acceptance below the resistance zone on the 1-hour chart.

Stop Loss: Positioned above the BOF rejection high, as a breakout above that level would invalidate the bearish swing setup.

Target: Based on the next major support level identified through the BOF structure and higher-timeframe price action.

Outcome: 2.96% Move

Risk-Reward: 1:4 RR

BOF Scanner App identified this setup at 10:15 am


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