I assume you are talking about Manappuram chart. In future please mention the name of the company while discussing the charts so that folks get an idea about which company we are talking about.
All the technical points you mention are valid. But we have to account for the kind of general market set up we have. A lot of patterns fail or take a long time to play out and hence we need to be aware of that fact.
We have discussed the charts of Manappuram on another thread Hitesh portfolio - #7040 by hitesh2710
Please go through it.