BPCL 1D

showed a strong uptrend leading up to the high of ₹381.55. Following the high, the stock entered a phase of consolidation/pullback (a sideways to slightly downward movement) between the high and the ₹350–₹355 zone. Currently, the price action is showing a V-shaped recovery from the low end of the consolidation, with the last candle being a strong bullish candle. The strong bullish candle and the bullish crossover of the MAs suggest a potential continuation of the rally. The immediate target for the bullish move would be to test the previous high of ₹381.55. A decisive breakout and close above ₹381.55 would indicate a resumption of the major uptrend.