Why technical retracements are important

Why technical retracements are important SEBI RA – Shubh Consultancy – Sunil Kotak – INH000015826 Sagility chart weekly chart trendline drawn on charts we saw technical retracement on charts this is long term chart we have seen bounce back from levels on 36-39 this is crucial support zone on long term charts technical retracement levels are respected very gracefully generally. Other crucial information; Overall It sector is buy now for value investor. Be selective in IT sector Stay with mid to large cap stocks avoid small cap for now Large cap stocks are in acquisition mode for now. This is very good for the sector overall. All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24