SENSEX |The Reversal We Called Delivers—Price Taps The Flip ZoneBSE Sensex IndexBSE_DLY:SENSEXBigBeluga By analyzing the #SENSEX (S&P BSE Sensex Index) chart on the Daily timeframe, we can see that price has moved exactly in the direction we mapped out in our previous analysis — the bullish reversal is playing out. In our last idea, we called the shift from bearish to bullish after a double MSS and set our sights on the liquidity above. Price has since rallied with strength, though it did so without giving us the deep pullback into discount we were originally waiting for. You can revisit the original breakdown here: 📊 Daily Timeframe As we highlighted before, price reacted hard off the strong daily Order Block (71,486 – 73,083), printed a double MSS, and broke the descending channel to the upside. Rather than pulling back into the Buy Zone below the 50% as we anticipated, buyers stayed aggressive and drove price straight up — and it has now reached the BSL at 79,361.40 and tapped directly into the Flip Zone, currently trading around 78,180 just beneath that supply. This is the key decision area. Price has delivered the move toward the liquidity, but it's now pressing into a zone where sellers previously took control — so how it reacts here determines the next leg. 🎯 The Bias With price tapping the Flip Zone / BSL, two scenarios are now on the table: Scenario 1 — Pullback then continuation: price rejects the Flip Zone, pulls back to correct and rebalance, and then uses that base to launch higher — breaking through the supply toward the upper Supply Zone at 85,059 – 85,875. Scenario 2 — Direct rejection lower: the Flip Zone holds as resistance and price rolls over directly from here, sending it back down to retest the structure below before any further upside attempt. In my view, as long as the broader bullish shift holds, pullbacks remain buying opportunities rather than trend reversals — but a clean rejection from this Flip Zone would favour a corrective leg lower first. 📰 Fundamental Backdrop This move higher is backed by a genuinely supportive backdrop for Indian equities. The Sensex has been on a strong run — recently stringing together four-to-five consecutive sessions of gains — powered by sustained foreign portfolio investor inflows, with overseas investors turning net buyers for several straight sessions. Easing crude oil prices and favourable monsoon progress have added to the positive tone, while a wave of upbeat pre-earnings business updates (with names like Titan and the IT majors — Infosys, TCS, HCL Tech — showing strength) has lifted sentiment ahead of the June-quarter earnings season. That said, some caution is creeping in around the Fed minutes, renewed US-Iran tensions, and profit-taking after the rally — which fits neatly with the technical picture of price stalling into a key supply zone. The earnings season now becomes the major catalyst that could decide whether the Flip Zone breaks or holds. This analysis will be updated as the market evolves. If this breakdown added value, drop a like 👍 and a comment 💬 to support the work — and share where you see the Sensex heading next! Best Regards, BigBeluga 🐳