HAVELLS - MARICO Pair Analysis
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End-of-day divergence (Standardized residual) is -2.25.
Half life of pair is 7.15.
Real time (live) divergence is calculating using following formula:
[marico_price - (0.452 * havells_price) - 1.66]/20.5
(where 1.66 is mean error and 20.5 is standard error)
Technical strength of HAVELLS is 6.3. (Support & Resistance)
Technical strength of MARICO is 6.5. (Support & Resistance)
Stop Loss: Put your stop loss when divergence becomes more than 2.5 or less than -2.5. We suggest you always use stop losses.
Note: When you trade in futures, keep in mind the expiry date of futures as divergence might not end before expiry date.
Click here to see all recommendations for pair havells-marico.
Half life of pair is 7.15.
Real time (live) divergence is calculating using following formula:
[marico_price - (0.452 * havells_price) - 1.66]/20.5
(where 1.66 is mean error and 20.5 is standard error)
Technical strength of HAVELLS is 6.3. (Support & Resistance)
Technical strength of MARICO is 6.5. (Support & Resistance)
Recommendation
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Entry Criterion: Take positions when divergence becomes (+/-)2.0. And exit positions when divergence becomes (+/-)0.0.
Stop Loss: Put your stop loss when divergence becomes more than 2.5 or less than -2.5. We suggest you always use stop losses.
Note: When you trade in futures, keep in mind the expiry date of futures as divergence might not end before expiry date.
Click here to see all recommendations for pair havells-marico.
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How to choose pairs?
Choose stocks from same sector/subsector.Use stock with large market capitalization as first stock.
