BOSCHLTD - SIEMENS Pair Analysis

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End-of-day divergence (Standardized residual) is 2.07.
Half life of pair is 9.8.
Real time (live) divergence is calculating using following formula:
[siemens_price - (0.0578 * boschltd_price) - 2.85]/68.7

(where 2.85 is mean error and 68.7 is standard error)
Technical strength of BOSCHLTD is 5. (Support & Resistance)
Technical strength of SIEMENS is 7.5. (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 boschltd-siemens.
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
January 25, 2018 19977.3 139075.0 560.0 608.0 19976.15
February 22, 2018 20063.25 5400.0 66.0 68.0 19976.15
March 28, 2018 19526.25 75.0 1.0 1.0 19976.15
Lot size: 25.0.

SIEMENS Futures - NSE

Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
January 25, 2018 1290.25 749000.0 1201.0 1277.0 1299.35
February 22, 2018 1296.05 153500.0 238.0 253.0 1299.35
Lot size: 500.0.
Click here for backtesting results.

BOSCHLTD-SIEMENS Analysis with different time frames and thresholds

Time Frame 1year, Entry Threshold 2, Stop Loss Threshold 2.5, Total Profit 54495.3765637
Time Frame 1year, Entry Threshold 2, Stop Loss Threshold 3, Total Profit 52105.3098694
Time Frame 3months, Entry Threshold 2.5, Stop Loss Threshold 3, Total Profit 35367.1013552
Time Frame 1year, Entry Threshold 2.5, Stop Loss Threshold 3, Total Profit 34003.8294298
Time Frame 6months, Entry Threshold 2.5, Stop Loss Threshold 3, Total Profit 26492.1312005