BOSCHLTD - AXISBANK Pair Analysis

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End-of-day divergence (Standardized residual) is 1.41.
Half life of pair is 7.95.
Real time (live) divergence is calculating using following formula:
[axisbank_price - (0.022 * boschltd_price) - 0.882]/22.3

(where 0.882 is mean error and 22.3 is standard error)
Technical strength of BOSCHLTD is 2.3. (Support & Resistance)
Technical strength of AXISBANK is 4.5. (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 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 boschltd-axisbank.
Analyse any other pair:

How to choose pairs?
Choose stocks from same sector/subsector.
Use stock with large market capitalization as first stock.
Here is a list of pairs chosen analytically.

Charts

BOSCHLTD Futures - NSE
Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
September 28, 2017 21532.45 106850.0 631.0 701.0 21495.05
October 26, 2017 21644.55 4325.0 79.0 97.0 21495.05
Lot size: 25.0.

AXISBANK Futures - NSE

Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
September 28, 2017 505.45 29668800.0 6749.0 7487.0 505.3
October 26, 2017 507.95 3943200.0 1048.0 1216.0 505.3
November 30, 2017 510.0 139200.0 16.0 16.0 505.3
Lot size: 1200.0.
Click here for backtesting results.

BOSCHLTD-AXISBANK Analysis with different time frames and thresholds

Time Frame 3months, Entry Threshold 2, Stop Loss Threshold 3, Total Profit 126118.97644
Time Frame 3months, Entry Threshold 2, Stop Loss Threshold 2.5, Total Profit 119964.06705
Time Frame 1month, Entry Threshold 1.5, Stop Loss Threshold 2.5, Total Profit 70071.7245903
Time Frame 1month, Entry Threshold 1.5, Stop Loss Threshold 2, Total Profit 67965.2751406
Time Frame 1year, Entry Threshold 2, Stop Loss Threshold 3, Total Profit 59031.782807