CONCOR - AXISBANK Pair Analysis

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End-of-day divergence (Standardized residual) is -0.112.
Half life of pair is 18.9.
Real time (live) divergence is calculating using following formula:
[axisbank_price - (0.405 * concor_price) - 2.47]/39.4

(where 2.47 is mean error and 39.4 is standard error)
Technical strength of CONCOR is 4. (Support & Resistance)
Technical strength of AXISBANK is 7.3. (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 concor-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

CONCOR Futures - NSE
Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
November 30, 2017 1351.2 1121875.0 429.0 470.0 1345.35
Lot size: 625.0.

AXISBANK Futures - NSE

Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
November 30, 2017 544.45 44449200.0 10149.0 11340.0 542.4
December 28, 2017 547.25 2430000.0 401.0 424.0 542.4
January 25, 2018 550.0 157200.0 50.0 50.0 542.4
Lot size: 1200.0.
Click here for backtesting results.

CONCOR-AXISBANK Analysis with different time frames and thresholds

Time Frame 3months, Entry Threshold 1.5, Stop Loss Threshold 2, Total Profit 122151.199842
Time Frame 3months, Entry Threshold 1.5, Stop Loss Threshold 2.5, Total Profit 110724.235628
Time Frame 6months, Entry Threshold 2, Stop Loss Threshold 2.5, Total Profit 100796.411979
Time Frame 3months, Entry Threshold 2, Stop Loss Threshold 2.5, Total Profit 94157.5558826
Time Frame 6months, Entry Threshold 2, Stop Loss Threshold 3, Total Profit 92155.2475795