Let data do the work without looking at anything else!! Really kindled my interest and I kind of ran through each of your comments. Got the idea and it looks very interesting. Taking away all the biases with very clear entry and exits.
One thing that I have noticed is since the time this portfolio has been operated we have been in bull phase. Just eager to know if there has been any backtest done by employing this strategy on the past data, which should give us a clue on what to expect in down phases.

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Very intriguing piece of information, taken from DRHP of Allied Blenders and Distillers Ltd.
Piccadily is not even mentioned.
Disc- invested from lower levels

Can someone explain to me the tax -134%?
what does that mean?