Chennai Petroleum Share Price Target 2025: Can It Cross ₹900?
Chennai Petroleum Corporation Limited (CPCL), one of India’s leading refinery companies, is back in focus as its stock trades near ₹780. Investors are keen to know: Can CPCL stock climb to ₹900 by 2025? Here’s the latest technical analysis, support & resistance levels, and forecast.
About Chennai Petroleum
Chennai Petroleum, a subsidiary of Indian Oil Corporation, is involved in refining and manufacturing petroleum products. The company operates a major refinery in Manali and plans to establish a new one in Nagapattinam by 2027.
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Current Market Price: ₹779.40 (NSE: CHENNPETRO)
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Market Cap: ₹11,000+ crore
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Promoter Holding: 67.3%
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52-Week Range: ₹433 – ₹1,275
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Q4 FY25 Profit Growth: +33.5% YoY
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Valuation: P/E ~54, higher than industry average
Technical Analysis Overview
Indicator | Current Signal |
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Moving Averages | Strong Buy |
RSI (14-Day) | ~74 (Overbought) |
MACD | Bullish |
ADX | Strong trend |
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Short-Term Trend: Bullish but overbought
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Medium-Term Trend: Positive momentum continues
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Key Watch: Price reaction near ₹800
Support & Resistance Levels
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Support Levels: ₹758 – ₹778
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Immediate Resistance: ₹792 – ₹805
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Breakout Zone: Above ₹805
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Next Target Zone: ₹828 – ₹900
Chennai Petroleum Share Price Target 2025
Timeframe | Target Price | Upside Potential |
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Short-Term | ₹805 – ₹828 | ~6% |
Medium-Term | ₹900 | ~16% |
Long-Term (2025) | ₹900 – ₹1,000 | ~16% to 28% |
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Analyst Consensus: ₹772.50 average target
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WalletInvestor 1-Year Forecast: Up to ₹930
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TradingView Maximum Target: ₹900+
Suggested Trading Strategy
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Buy Zone: ₹760 – ₹780
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Breakout Point: Above ₹805
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Profit Booking Levels: ₹828 → ₹900
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Stop-Loss: ₹740
Risks to Consider
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Overbought RSI indicates potential short-term pullback.
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Project delays, especially the Nagapattinam refinery, could impact sentiment.
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Exposure to global crude price volatility.
Summary
Current Price | ₹779.40 |
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Support Levels | ₹758 – ₹778 |
Resistance Levels | ₹792 – ₹805 |
2025 Target Range | ₹900 – ₹1,000 |
Technical Outlook | Strong Buy, short-term caution |
Chennai Petroleum is showing strong technical indicators with a bullish outlook. If the stock crosses ₹805 with strong volume, it could comfortably head toward ₹900 by 2025. However, investors should watch for consolidation due to overbought conditions.