@Parakh Frankly, I have read all the 3 books and above mentioned base count. But base count appears arbitrary and not something concrete. Any two investors cannot agree about perfect base formation and base counts , that too on different time frames, To each his own and different interpretation can be made by different people. Its just like an investor trying to fit a particular chart pattern , where it doesnot exist. It starts becoming more subjective.
So is it better to put some objective quantitative stop loss like 15% from recent top or CMP, because then it would be objective and common for all …Nobody can interpret it in individualistic way??
For example …In case of KEI, from November 2020, how many bases have formed, can we come to the same number till today?
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