JSWENERGY - WOCKPHARMA Pair Analysis

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End-of-day divergence (Standardized residual) is 0.98.
Half life of pair is 5.79.
Real time (live) divergence is calculating using following formula:
[wockpharma_price - (8.31 * jswenergy_price) - 2.46]/40

(where 2.46 is mean error and 40 is standard error)
Technical strength of JSWENERGY is 5.7. (Support & Resistance)
Technical strength of WOCKPHARMA is 7.5. (Support & Resistance)
Recommendation
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Entry Criterion: Take positions when divergence becomes (+/-)1.5. And exit positions when divergence becomes (+/-)0.0.
Stop Loss: Put your stop loss when divergence becomes more than 2.0 or less than -2.0. 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 jswenergy-wockpharma.
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

JSWENERGY Futures - NSE
Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
November 30, 2017 80.4 64795500.0 530.0 560.0 80.55
December 28, 2017 80.75 2465000.0 8.0 19.0 80.55
Lot size: 8500.0.

WOCKPHARMA Futures - NSE

Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
November 30, 2017 715.85 3271200.0 1823.0 1975.0 711.35
December 28, 2017 717.6 113600.0 53.0 53.0 711.35
Lot size: 800.0.
Click here for backtesting results.

JSWENERGY-WOCKPHARMA Analysis with different time frames and thresholds

Time Frame 3months, Entry Threshold 1.5, Stop Loss Threshold 2.5, Total Profit 96808.5437773
Time Frame 3months, Entry Threshold 1.5, Stop Loss Threshold 2, Total Profit 87767.031896
Time Frame 1year, Entry Threshold 2.5, Stop Loss Threshold 3, Total Profit 23038.4037277
Time Frame 1year, Entry Threshold 2, Stop Loss Threshold 2.5, Total Profit 21812.9674674
Time Frame 1year, Entry Threshold 2, Stop Loss Threshold 3, Total Profit 21777.4266349