Hind Petro fuels up

Hind Petro- HPCL (BSE code 500104) has been trading in channels which are clearly defined in the charts. The scrip has bounced from the lower end of the channel at 238 and after testing the 1st upper channel at 270 has finally closed above with very good volumes. CMP is 273.50 and the next upper channel is at 289 and then the last channel is 315. Stop loss should be 257 on daily closing basis.