Go long in Century Textiles: Rahul Mohindar

Rahul Mohindar of Viratechindia.com told CNBC-TV18, "Century Textiles, Canara Bank and Sun TV are clearly short-term bets but I would say one-two of them would also for example stock like Century Textiles - if you look at the last one year's data we have seen Rs 480 to Rs 500 has been a very solid base for this stock. You have not gone wrong buying it within this zone now. The fact I like is the last one month odd we have seen Century move into that Rs 500 - sub500 zone, we bounced up from those levels and it feels like we are trying to make a breakout, so I think we are in a very potential point on this stock. I am talking about near-term targets of Rs 560 but as you said, if I am looking at medium-term to long-term given three-six months horizon, I won't be surprised if it goes back to more than Rs 600 kind of levels, Rs 500 being a stoploss, I would go long on Century.""The other one is Canara Bank. I see this stock buzzing from a price volume pattern and even at these levels, the stock can move up a lot more, Rs 295 is the initial target we are looking at and Rs 275 being the stoploss." he added."In Sun TV Network we are seeing a breakout on several indicator points and again Rs 405 is the target we are setting out for with a stoploss of Rs 349," he said.