HCLTECH - KOTAKBANK Pair Analysis
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End-of-day divergence (Standardized residual) is -2.01.
Half life of pair is 10.5.
Real time (live) divergence is calculating using following formula:
[kotakbank_price - (2.79 * hcltech_price) - -0.297]/110
(where -0.297 is mean error and 110 is standard error)
Technical strength of HCLTECH is 8.3. (Support & Resistance)
Technical strength of KOTAKBANK is 8. (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-kotakbank.
Half life of pair is 10.5.
Real time (live) divergence is calculating using following formula:
[kotakbank_price - (2.79 * hcltech_price) - -0.297]/110
(where -0.297 is mean error and 110 is standard error)
Technical strength of HCLTECH is 8.3. (Support & Resistance)
Technical strength of KOTAKBANK is 8. (Support & Resistance)
Recommendation
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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-kotakbank.
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 |
| June 25, 2020 | 560.3 | 21025200.0 | 2155.0 | 2155.0 | 560.2 |
| July 30, 2020 | 559.55 | 75600.0 | 6.0 | 6.0 | 560.2 |
| August 27, 2020 | 549.35 | 0.0 | 0.0 | 0.0 | 560.2 |
KOTAKBANK Futures - NSE
| Expiry Date | Close Price | Open Interest | Number of Trades | No of Contracts | Underlying Closing Price |
| June 25, 2020 | 1332.3 | 11840000.0 | 46745.0 | 46745.0 | 1342.9 |
| July 30, 2020 | 1330.15 | 289600.0 | 952.0 | 952.0 | 1342.9 |
| August 27, 2020 | 1325.45 | 4000.0 | 18.0 | 18.0 | 1342.9 |
HCLTECH-KOTAKBANK Analysis with different time frames and thresholds
Time Frame 6months, Entry Threshold 1.5, Stop Loss Threshold 2, Total Profit 62220.5910192Time Frame 6months, Entry Threshold 1.5, Stop Loss Threshold 2.5, Total Profit 56513.0789719
Time Frame 3months, Entry Threshold 1.5, Stop Loss Threshold 2.5, Total Profit 54292.3929873
Time Frame 1year, Entry Threshold 2, Stop Loss Threshold 3, Total Profit 52518.0517385
Time Frame 1year, Entry Threshold 2, Stop Loss Threshold 2.5, Total Profit 48916.5214547
