For positional trading for purpose of delivery based investing/trading, the best time frame to use is weekly charts. So idea should be to keep on the look out for any reversal signs on weekly time frame charts. These reversal signs can take the form of sideways consolidation, triangular bottom formation, double bottom formation, etc and in conjunction with these, if there are other adjunctive evidences like say positive divergence it helps in taking an informed call.
The other important thing to look out for is to see where the reversal is happening by looking at the overall chart on a longer term time frame. If these reversals are seen at strong support zones/Fibonacci levels etc then they assume even more importance. e.g You can see charts of most IT companies which have shown consolidation at 61.8% retracement levels to their previous breakneck rallies. In many instances there are sideways range bound consollidations for nearly 6-8 months before stocks break out, and there too because of market weakness, there are failed breakouts and stocks go back into consolidation zones.
The examples you have put up are good examples for someone to learn what positive divergence is. But this should not be the only indicator you use while deciding on reversal pattern. Try to use the price and volume in association with RSI divergences etc.
As an example, try to look at the weekly chart of Nykaa. There is classic positive divergence on weekly charts. That only means it should be on our watchlist and we don’t need to jump right in now…
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