HCLTECH - HDFCBANK Pair Analysis
home > strategies > pairs-trading
End-of-day divergence (Standardized residual) is -1.02.
Half life of pair is 9.03.
Real time (live) divergence is calculating using following formula:
[hdfcbank_price - (2.16 * hcltech_price) - 0.681]/62.6
(where 0.681 is mean error and 62.6 is standard error)
Technical strength of HCLTECH is 1.7. (Support & Resistance)
Technical strength of HDFCBANK is 1.7. (Support & Resistance)
Stop Loss: Put your stop loss when divergence becomes more than 3.0 or less than -3.0. 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 hcltech-hdfcbank.
Half life of pair is 9.03.
Real time (live) divergence is calculating using following formula:
[hdfcbank_price - (2.16 * hcltech_price) - 0.681]/62.6
(where 0.681 is mean error and 62.6 is standard error)
Technical strength of HCLTECH is 1.7. (Support & Resistance)
Technical strength of HDFCBANK is 1.7. (Support & Resistance)
Recommendation
You need to register and login with clearnifty to view detailed recommendations.
Entry Criterion: Take positions when divergence becomes (+/-)2.5. And exit positions when divergence becomes (+/-)0.0.
Stop Loss: Put your stop loss when divergence becomes more than 3.0 or less than -3.0. 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 hcltech-hdfcbank.
Analyse any other pair:
How to choose pairs?
Choose stocks from same sector/subsector.Use stock with large market capitalization as first stock.
Charts
HCLTECH Futures - NSE
| Expiry Date | Close Price | Open Interest | Number of Trades | No of Contracts | Underlying Closing Price |
| April 30, 2020 | 406.0 | 22170400.0 | 4802.0 | 4802.0 | 405.8 |
| May 28, 2020 | 414.5 | 117600.0 | 41.0 | 41.0 | 405.8 |
| June 25, 2020 | 451.1 | 1400.0 | 0.0 | 0.0 | 405.8 |
HDFCBANK Futures - NSE
| Expiry Date | Close Price | Open Interest | Number of Trades | No of Contracts | Underlying Closing Price |
| April 30, 2020 | 808.15 | 25742000.0 | 32219.0 | 32219.0 | 813.85 |
| May 28, 2020 | 809.1 | 1219500.0 | 1721.0 | 1721.0 | 813.85 |
| June 25, 2020 | 809.9 | 15000.0 | 17.0 | 17.0 | 813.85 |
HCLTECH-HDFCBANK Analysis with different time frames and thresholds
Time Frame 6months, Entry Threshold 1.5, Stop Loss Threshold 2.5, Total Profit 74568.528822Time Frame 3months, Entry Threshold 1.5, Stop Loss Threshold 2.5, Total Profit 61331.1395273
Time Frame 6months, Entry Threshold 1.5, Stop Loss Threshold 2, Total Profit 46247.8299467
Time Frame 1year, Entry Threshold 2.5, Stop Loss Threshold 3, Total Profit 42994.0537748
Time Frame 3months, Entry Threshold 1.5, Stop Loss Threshold 2, Total Profit 34924.8777124
