CENTURY TEXTILE is moving in an upward channel. Stock moved to 32.% retracement of its recent fall.Being the same is channel top. Stock may be resisted at around 294 levels. If stock breaches this level and move, one can buy the stock for immediate move till 305 levels. If stock could not make a move above these levels, one can initiate short calls on the stock for targets at channel bottom around 260 levels.