After completing a five-wave cycle followed by an ABC corrective pattern, BPCL appears poised for further upside momentum. With the completion of the 1% projection of the ABC pattern, the recent upward movement indicates potential for another bullish phase. Considering Elliott Wave theory, a retracement to the 0.6 Fibonacci level is expected, providing a favorable entry point. A recommended strategy would be to buy at the 0.6 Fibonacci retracement level, with a stop-loss set at the low of the C wave for risk management purposes.