MARUTI - BALKRISIND Pair Analysis

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End-of-day divergence (Standardized residual) is 2.01.
Half life of pair is 19.9.
Real time (live) divergence is calculating using following formula:
[balkrisind_price - (0.128 * maruti_price) - 0.156]/76.2

(where 0.156 is mean error and 76.2 is standard error)
Technical strength of MARUTI is 5.9. (Support & Resistance)
Technical strength of BALKRISIND is 6.3. (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 maruti-balkrisind.
Analyse any other pair:

How to choose pairs?
Choose stocks from same sector/subsector.
Use stock with large market capitalization as first stock.

Charts

MARUTI Futures - NSE
Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
January 30, 2020 7327.5 2887600.0 6402.0 6402.0 7302.65
February 27, 2020 7359.45 47500.0 241.0 241.0 7302.65
March 26, 2020 7391.4 2700.0 12.0 12.0 7302.65
Lot size: 100.

BALKRISIND Futures - NSE

Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
January 30, 2020 1092.95 2048000.0 999.0 999.0 1089.95
February 27, 2020 1090.05 108000.0 37.0 37.0 1089.95
March 26, 2020 1086.55 7200.0 1.0 1.0 1089.95
Lot size: 800.
Click here for backtesting results.

MARUTI-BALKRISIND Analysis with different time frames and thresholds

Time Frame 1month, Entry Threshold 1.5, Stop Loss Threshold 2.5, Total Profit 96755.3799793
Time Frame 3months, Entry Threshold 2, Stop Loss Threshold 2.5, Total Profit 93115.3219641
Time Frame 1month, Entry Threshold 1.5, Stop Loss Threshold 2, Total Profit 90688.7356162
Time Frame 3months, Entry Threshold 2, Stop Loss Threshold 3, Total Profit 90429.585232
Time Frame 3months, Entry Threshold 2.5, Stop Loss Threshold 3, Total Profit 30626.2329867

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