Power Grid- Breakout failure

Break out Failue(BO) pattern emerged on the daily chart of the power grid which indicates a short trade in the stock below todays  low ie 109.
As we know that the failure patterns always gives early entry and big moves so looking forward to this trade.
We can see in the chart above that the price moved above the trend line and than breakout failure happened which is the indication of further weakness and it can go to the levels of 103 in near future.