BPCLBharat Petroleum Corporation LimitedNSE_DLY:BPCLFin_free_figt1. Big Picture (Market Context) BPCL was earlier in a downtrend, making lower highs and lower lows. The price formed a base after heavy selling — this usually signals selling exhaustion. 2. Wyckoff Accumulation Structure Your chart clearly shows a Wyckoff Accumulation: SC (Selling Climax): Strong selling pressure near the bottom. ST (Secondary Test): Price retested the lows with less selling — bearish strength weakening. Spring (Point E): Price briefly broke below support. This is a liquidity grab to trap sellers. Strong Rally after Spring: Confirms smart money accumulation. ➡️ This structure signals a trend reversal from bearish to bullish. 3. BOS & CHOCH (Smart Money Concepts) BOS (Break of Structure): Confirms bullish intent. CHOCH (Change of Character): Market shifts from selling rallies to buying dips. These two together strongly confirm a bullish reversal. 4. Demand Zone (Key Buy Area) Grey zone between ₹350–₹360 is the Demand Zone. Price is currently pulling back toward this zone. This area is expected to act as support. 👉 If price shows bullish candles here, it becomes a high-probability buy zone. 5. Current Price Action (A-B-C) A: First support after rally. B: Lower high / resistance area. C: Expected final dip into demand zone. This is a healthy pullback, not weakness. 6. Resistance & Targets Immediate Resistance: ₹372–₹375 (previous high B) Major Target: ₹381–₹385 (liquidity & resistance line) If this breaks, momentum can push price toward ₹387–₹390+ 7. Expected Move (Simple Flow) Small dip into demand zone (₹350–₹360) Buyers step in Break above ₹375 Rally toward ₹381–₹385 8. Bullish Confirmation to Watch Strong bullish candle from demand zone Volume expansion on breakout Hourly close above ₹375 Summary (Quick View) Trend: Turning Bullish Structure: Wyckoff Accumulation + BOS + CHOCH Buy Zone: ₹350–₹360 (with confirmation) Target: ₹381–₹385 Timeframe: Intraday / Short-term Swing