Nifty - Upward channel breakout

NSE:NIFTY   Nifty 50 Index
Monthly chart
Reveals an upward channel breakout.
Any retracements an opportunity to go long. (10300-10500)
Keep a watch on the upper line of the channel which is probably the support for the next base.
Any retracement towards the upper line of the channel (support) is an opportunity to go long.
Drop below the support will be a concern.
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