Hindustan Petroleum Corporation Ltd (HPCL) Demand Zone ReversalHindustan Petroleum Corporation LimitedNSE:HINDPETROTEDXTradesindia HPCL has shown a strong price reaction from a well-defined demand zone, indicating active accumulation at lower levels. The stock has respected this support area multiple times, suggesting downside exhaustion. From a macro perspective, easing concerns around the global crude oil supply—supported by improving diplomatic dialogue with Iran—have reduced pressure on oil prices. This acts as a sentiment tailwind for OMCs, including HPCL. Technically, price action indicates: Potential downtrend reversal with higher buying interest near support Improving structure after prolonged corrective phase Early momentum shift favoring bulls if price sustains above the demand zone If follow-through buying continues, HPCL may attempt a pullback rally towards nearby resistance levels. However, failure to hold the demand zone could invalidate the reversal and resume the broader downtrend. Trade Outlook: Bias: Cautiously Bullish Key Zone to Watch: Demand support area Confirmation: Sustained price action above short-term resistance with volume Note: Trade with proper risk management and confirmation, as broader market sentiment remains a key variable.