Century Textiles has target of Rs 343, says Bothra

Kunal Bothra, Sr Technical Analyst of LKP told CNBC-TV18, "Century Textiles and Industries is a very volatile stock but I think the last couple of days, even yesterday and today it has shown a very good price pattern formation, it has formed a bullish flag formation on daily charts and it has crossed Rs 330 barrier. So my sense is if it closes above Rs 330 you can look at a target of Rs 343. Stop loss has to be maintained at Rs 323. Volumes are also building up over here so probably the stock might trade a couple of days on a side ways note but once the trend picks up the target should be achieved in a couple of days."

The share closed at Rs 325.40, up Rs 2.10, or 0.65 percent. It touched an intraday high of Rs 332.60 and an intraday low of Rs 323.70. There were pending buy orders of 41 shares, with no sellers available.