Bajaj Finance & M&M Finance - Walk hand-in-hand

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There is a perfect correlation in the direction of movement of these two stocks, all the way down to 15min charts !
Note
Correlation Coefficient of 0.84 on last 1 year's close price data (Source: Yahoo Finance)
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bajajfinancebetaBeyond Technical AnalysiscovariancemahindrafinanceTrend Analysis

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