See upside in Century Textile: Sukhani

See upside in Century Textile, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "I don’t know why textile stocks are making 52 week highs but I am assuming this is the  textile real estate segment; Century, Raymond and Bombay Dyeing. Century has made these highs and then  consolidated for the last six-seven days. This consolidation actually started prior to the Nifty’s consolidation but the  message is the same, big rally, consolidation and resumption of rally. So Century should start resumption of that rally. I  am assuming that will happen today."
He further added, "Petronet LNG is a disappointment. The charts sometimes literally turn turtle and you have to listen to  the message. Petronet was a favorite when it came down from Rs 175 to Rs 155. I thought that’s a correction, a deep  correction but still that."
"A rally started, that rally has fizzled out, so apparently the rally we saw from Rs 155 to Rs 165-162 was just a bear  market flag, that’s a very worrisome sign, it suggests that Petronet has much more downside before it completes its  correction. It is a short sell. Traders must understand that short selling ideas in an up trending market don’t always work  out, so wait patiently for the market to show its hand in the day and if the markets remain choppy then this is a very  good trade."