4 Best Technical Analysis App for Indian Stock Market

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Long-term investors often examine trends such as financial reports, management strength, and others to determine whether or not to purchase or sell a particular asset. However, utilizing the Best Technical Analysis App to conduct short-term trading based on technical analysis is becoming increasingly popular.

The idea behind this method is that history tends to repeat itself, so if a company’s stock has always followed an inevitable trend, it’s likely to do so again. Knowing the stock’s historical performance might provide insight into how it could perform in the future.

When using a trading strategy based on technical analysis, gains and losses might be significant. Swing trading, where stocks are purchased and sold every few days, weeks, or months, and day trading, when stocks are bought and sold on the same day, both involve technical analysis.

Our experts have thoroughly analyzed India’s best technical analysis apps with their features, pros, and cons; and shortlisted them. If you’re new to technical analysis and want to start trading, one of the best tools to use would be from this list:

1. ICICIdirect

One of the most well-known brands among India’s retail stock brokers is ICICIdirect. More than fifty million customers have used the company’s online trading and investment services. One of the services offered is trading stocks, commodities, and currencies at the BSE, NSE, and MCX.

We may invest money quickly and conveniently directly from our mobile devices with the help of the ICICIdirect Money app (the Best trading app in India 2023.)It offers excellent ease of monitoring all assets in mutual funds and simple transaction instructions.

Key Features

  • Good till cancel
  • 3-1 account
  • Unique and wide range of products
  • Streaming quotes
  • Customized charts
  • Watch list
  • Consumer assistance

Pros

  • Offer 3-in-1 Account
  • Great flexibility
  • Worry-free transaction
  • No manual intervention is needed
  • Deposits stock sales proceed directly into the bank
  • One website for investing in IPOs, Mutual Funds, GOI Bonds, and Postal Savings

Schemes

  • BSE and NSE trade
  • Low-bandwidth webpage for mobile trading or sluggish internet connections
  • Customers may place 45-day buy or sell limit orders using VTC (Valid Till Cancelled)

Cons

  • Rs 35 per trade
  • Flat Rs 0.05 per share brokerage on stocks quoting up to Rs 10
  • Penny stock trading is challenging
  • Twenty free calls per month. Charges Rs 25 for call & trade
  • Brokerage is high and non-negotiable
  • Prime or prepaid brokerage programs lower brokerage

2. Angel Broking

Angel One Limited, the best stock broker in India, previously known as Angel Broking, has been in the industry since 1996 and offers online trading for various financial products such as equities, commodities, currencies, futures, and options. The SEBI oversees the activities.

Key Features

  • No initial deposit requirement
  • Offers demo account
  • Online trading lets traders maintain portfolios independently
  • Construct trading strategy-specific accounts
  • Monitor stocks through expert reports daily, weekly, and specialized research
  • Let investors/traders establish trading limits and buy/sell orders

Pros

  • Quality educational resources
  • Full-service brokerage costs a fraction
  • Flat-fee stockbroker
  • Free advice
  • Free trading software (website, mobile, and trading terminal)
  • Investment options include equity trading, F&O, commodities, PMS, mutual funds, and insurance
  • Brokerage led for over 30 years
  • Newbies can get assistance
  • Margin trading uses less money
  • Security collateral
  • Fund transfers are free

Cons

  • Limited to residents and citizens of India
  • Just for the Indian market
  • It does not provide a 3-in-1 account
  • Broker-assisted trades (Call & Trade) cost Rs 20 per order

3. Zerodha Kite

The world’s largest and most well-known online discount brokerage company, Zerodha, offers services in stock, currencies, commodities, initial public offerings, and direct mutual funds.

Zerodha Kite is the name of the company’s leading trading platform, and the app offers state-of-the-art trading software to its customers. Kite is a superior trading platform. With every iteration of Kite, Zerodha adds hundreds of new features.

Key Features

  • Web browser alerts
  • View the market in depth with streaming updates
  • The window for floating orders
  • Exit multiple positions/orders with a single click
  • As many charts as required
  • Candle, bar, line, and mountain charts
  • 20+ drawing tools
  • Order from charts
  • Find and add chart indicators
  • Various chart views (4 charts on the same screen)
  • The charts default to 1 minute but can be adjusted to 1 month if needed
  • Compare scripts
  • Trading using charts (place trades from popped-out charts)
  • Regular, CO, BO, and AMO order types

Pros

  • The biggest brokerage by active clients, market volume, and new customers
  • One of the most dependable brokers
  • Offers innovative online trading tools
  • Equity Delivery and Mutual Funds are brokerage-free
  • Each deal costs Rs 20.
  • Brokerage costs are 60%–90% lower than regular brokers.
  • It provides 20x intraday leverage
  • Direct mutual funds are commission-free
  • Beginners, active traders, automated traders, and passive investors

Cons

  • No scanners, backtesting
  • No Mutual Funds or IPOs
  • Separate app for back office
  • Minor chart browser difficulties
  • No trading charts

4. Sharekhan Trade Tiger

The app covers not just the NSE and the BSE but also the Multi Commodity Exchange, mutual funds, the National Commodity Derivatives Exchange, and initial public offerings.

Key Features

  • Global market monitor
  • Trade calls
  • Advanced traders get 90+ charts and 30+ indicators
  • Multiple charts on one screen
  • Filter stock scanner for trading possibilities
  • One-click bulk orders
  • Option quotes with 30+ trading techniques, portfolio Greeks, pay-off charts, etc.
  • Real-time market trend analysis
  • Personalize TradeTiger
  • Free online training academy
  • Trade Tiger-specific support desk
  • AmiBroker support
  • APIs provide software integration
  • One platform for many exchanges and segments

Pros

  • Full-service broker
  • Innovative trading platform for aggressive traders
  • Charts, notifications, stock analysis, calculators, bulk orders, customization, and sophisticated order types are among its 100+ advanced features
  • Designed for rapid trade execution and big orders
  • AmiBroker and other technical analysis products provide APIs and integration
  • Online demo and personal training program
  • High-availability trading platform
  • News, tips, and research
  • Trade Tiger tech support

Cons

  • Offers no mutual funds
  • Mutual fund investments need Sharekhan InstaMF
  • No 3-in-1 account.
  • No Mac support, Windows-only
  • Charge policies are unclear

The Final Word

By the conclusion of this article, we hope you will have a better grasp of the many trading apps accessible and are in a better position to decide. Consider how these four elements—function, innovation, cost, and cost-effectiveness—interact to get the most trading app in India that best satisfies your needs.

You may access many free stock charts using their tools, which you can use to narrow down your search and find the companies that are now the most significant investments for you. If you need help determining which tool is best for you before selecting one, consider a free trial or a one-month membership.

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