Will HDFC ever succeed in a breakout?

Underperforming since 2021. Trying to break out of the consolidation, several attempts were made and failed. Will it succeed this time??

✅Forming inverted Head and Shoulder pattern in DTF
✅Consolidating in a tight range right above 50 DMA.
✅Trading right below ATH.
✅Consolidating with narrow-range candles.
✅Bullish engulfing on 5 Nov.

❗️Underperformer.
❗️Risk of fakeouts.

▶️Market Cap---₹ 13,41,213 Cr.
▶️Current Price---₹ 1,755
▶️Stock P/E19.4
▶️ROCE7.67 %
▶️ROE17.1 %

Watch for a breakout above 1795 for an Entry. Low risk setup. Risk is in the range of 6-8%. Please study the chart and do your research. This is not a buy/sell recommendation.