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Confidence Petroleum Share Price Target - Tomorrow, Next Week & Next Month

Confidence Petroleum India Limited

Company LogoSymbol: CONFIPET
Price: ₹66.18
Exchange: NSE
Energy -> Oil & Gas Refining & Marketing
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Confidence Petroleum Recent Performance

Over the past 21 trading days, the value of Confidence Petroleum's stock has decreased by ₹16.02 (-19.49%). On 17 Oct 2024, one share was worth ₹82.20 and by 21 Nov 2024, the value dropped to ₹66.18. During this period it created a highest high of ₹84.90 and lowest low of ₹65.51.

Below Image represents line chart of daily close price of Confidence Petroleum, helping you visualize how the price has changed day by day.

Confidence Petroleum Recent Daily Close Chart

Chart: Confidence Petroleum Share Price Target - Tomorrow

Confidence Petroleum Targets For Tomorrow Chart

The line chart displays the Confidence Petroleum daily closing prices for the past 21 trading days using a black line. The green line indicates the potential targets, while the red line shows the potential Stop-Loss (SL) levels.

For detailed target and stop loss values for Confidence Petroleum shares for Thu 21 Nov 2024, see the table below.

Table: Confidence Petroleum Share Price Target - Tomorrow

By analyzing Confidence Petroleum stock with yesterday and past crucial price points and technical indicators we derived following targets for: Fri, 22 Nov, 2024!

Confidence Petroleum's LevelsValueReason/Importance
Tomorrow Target 368.20 (+3.05%)Price Action: Apr 2022 High
Tomorrow Target 267.40 (+1.84%)Price Action: Mar 2023 High
Tomorrow Target 166.55 (+0.55%)Price Action: 18 Nov 2024 Low
Current Price66.18Confidence Petroleum's 1 share price as of Thu 21 Nov 2024
Stop Loss 165.40 (-1.18%)Price Action: Oct 2022 Low
Stop Loss 265.10 (-1.64%)Price Action: Jun 2023 Low
Stop Loss 364.69 (-2.26%)Price Action: Chart

Summary: Confidence Petroleum Share Price Prediction For Tomorrow

Thu 21 Nov 2024: Confidence Petroleum finished the day at ₹66.18, losing ₹-2.84 (-4.11%) in 1 day.

In summary, our analysis of Confidence Petroleum for tomorrow predicts a rise of 0.55% to 3.05% with three potential targets T1: ₹66.55, T2: ₹67.40, T3: ₹68.20 and Stop-Loss (SL) at SL1: ₹65.40, SL2: ₹65.10, SL3: ₹64.69.

Additionally, we've identified a support level at ₹65.51 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹70.00, which is like a ceiling at which the price might have a hard time breaking through. These targets are based on our study of past trends and technical analysis using various indicators.

Over the last 21 trading days, the stock has dropped -19.49%, indicating it could be a excellent option for intra day trading as it has shown big price movements. During this period, its price fluctuated between 84.90 and 65.51.

After looking at tomorrow's share price prediction, let's now check what next week might hold for Confidence Petroleum.

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Chart: Confidence Petroleum Share Price Target - Next Week

Confidence Petroleum Targets For Next Week Chart

The chart displays the Confidence Petroleum weekly closing prices for the past 25 trading weeks using a black line. It also shows three targets using a green line, while the red line shows the potential Stop-Loss (SL) levels for next week.

For detailed target and stop loss values for Confidence Petroleum shares for next week, see the table below.

Table: Confidence Petroleum Share Price Target - Next Week

By analyzing Confidence Petroleum stock with yesterday and past crucial price points and technical indicators we derived following targets for the next week!

Confidence Petroleum's LevelsValueReason/Importance
Next Week Target 370.40 (+6.37%)Price Action: Dec 2021 Low
Next Week Target 269.70 (+5.31%)Price Action: Nov 2022 Low
Next Week Target 168.90 (+4.11%)Custom Fibonacci Extension Lvl 23.6%
Current Price66.18Confidence Petroleum's 1 share price as of Thu 21 Nov 2024
Stop Loss 164.85 (-2.01%)Price Action: Chart
Stop Loss 264.10 (-3.15%)Price Action: Sep 2022 Low
Stop Loss 362.09 (-6.19%)Fibonacci Retracement Extended 28.2%

Summary: Confidence Petroleum Share Price Prediction For Next Week

As of Thu 21 Nov 2024, Confidence Petroleum share price stands at ₹66.18, losing ₹-3.16 (-4.56%) in this week.

In summary, our analysis of Confidence Petroleum for next week predicts a rise of 4.11% to 6.37% with three potential targets T1: ₹68.90, T2: ₹69.70, T3: ₹70.40 and Stop-Loss (SL) at SL1: ₹64.85, SL2: ₹64.10, SL3: ₹62.09.

Additionally, we've identified a support level at ₹65.51 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹70.98, which is like a ceiling at which the price might have a hard time breaking through.

After looking at tomorrow's and next week's share price prediction, let's now check what next month might hold for Confidence Petroleum.

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Chart: Confidence Petroleum Share Price Target - Next Month

Confidence Petroleum Targets For Next Month Chart

The chart displays the Confidence Petroleum monthly closing prices for the past 25 months using a black line. It also shows three targets using green line, while the red line shows the potential Stop-Loss (SL) levels.

For detailed target and stop loss values for Confidence Petroleum shares for next month, see the table below.

Table: Confidence Petroleum Share Price Target - Next Month

By analyzing Confidence Petroleum stock with yesterday and past crucial price points and technical indicators we derived following targets for Next Month!

Confidence Petroleum's LevelsValueReason/Importance
Next Month Target 371.00 (+7.28%)Price Action: Aug 2023 Low
Next Month Target 270.28 (+6.19%)Price Action: 18 Nov 2024 High
Next Month Target 169.47 (+4.97%)Price Action: Nov 2024 High
Current Price66.18Confidence Petroleum's 1 share price as of Thu 21 Nov 2024
Stop Loss 164.10 (-3.15%)Price Action: Sep 2022 Low
Stop Loss 263.46 (-4.12%)Price Action: Chart
Stop Loss 362.05 (-6.25%)Price Action: Mar 2022 Low

Summary: Confidence Petroleum Share Price Prediction For Next Month

As of Thu 21 Nov 2024, Confidence Petroleum share price stands at ₹66.18, losing ₹-11.66 (-14.98%) in this month.

In summary, our analysis of Confidence Petroleum for next month predicts a rise of 4.97% to 7.28% with three potential targets T1: ₹69.47, T2: ₹70.28, T3: ₹71.00 and Stop-Loss (SL) at SL1: ₹64.10, SL2: ₹63.46, SL3: ₹62.05.

Additionally, we've identified a support level at 65.51 — think of this as a safety net where the price might stop falling and there's also a resistance level at 84.90, which is like a ceiling at which the price might have a hard time breaking through.

After looking at tomorrow's, next week's and next month's share price prediction, you might wonder what this year or next year might hold for Confidence Petroleum, we created a specific page for that check here: Confidence Petroleum Share Price target for 2024 and 2025

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As we wrap up, we hope you like our study on Confidence Petroleum short term share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.

Show Methodology We Use

Methodology Behind the Prediction

The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.

We have historical share price data of all stocks for which we present targets, so we analyze historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.

For more insights into Confidence Petroleum India Limited, explore these additional resources:-

Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.

About The Author

Nippun

Hi, I’m Nippun, a tech enthusiast from Haryana, India. I have been coding since 2010 and using my coding skills in the share market since 2020. I have been coding scripts in Pinescript that work on Tradingview app/web. I love learning about new technology and applying it to solve real-world problems. Coding and share-market are my passions, and I enjoy finding and fixing bugs in code. I aim to share my skill set and experience that can positively impact society. Feel free to connect with me, and let’s learn from each other. My Twitter