Over the years, traders and investors have started using trading software for trading purposes. This software is also used for analyzing products like stocks, futures, currencies and options. In the technical analysis software, you would find multiple modules for not only managing order placement but also assessing profitable ways to invest in a business.
It can assist you in evaluating stock trends through charting. In fact, you can also test your trading strategies over historical data using the back testing functionality.
Then there are options attached for doing both technical and fundamental analysis as well as performing automated trading. Overall, the software provides informational resources, trading capabilities and analysis for financial products.
Investors and traders use trading software for its automated trading capabilities and systems. There are other options such as chatrooms, proprietary tools, data charts and indicators for doing technical analysis.
Technical analysis software has helped traders and investors understand in more detail the nuances of making investments and doing trades. Then there are also available modules for paper and programmatic trading.
While programmatic trading ensures automating of trade related activities, paper trading, on the other hand, offers risk-free transaction mechanisms without involving any real money.
Technical analysis software for intraday trading works with several key features enabled that help investors and traders make diligent investment decisions.
Top Stock Market Software | Best Stock Trading Software for | Top Stock Trading Software Price |
Masterswift 2.0 | Tracking derivatives and equities | INR 20 per executed order |
RichLiveTrade | Indian market to do commodity, currency and stock markets | On request |
MetaTrader 4 | Forex trading and technical analysis | On request |
MotiveWave | Broker neutral software | Starts at $24/month |
ECG Trade | Data visualization through charts | Basic plan at INR 16,200 |
Investar | Day trading and NSE stocks | Basic plan at INR 495/month |
LightSpeed | Day intraday trading and risk analysis | Starts at $2 over 3K trades |
MetaStock | Charting and market data analysis | $499 |
eSignal | Day trading | $648 |
Spider Technical Analysis | Real-time technical analysis | ₹70,000 + GST |
Sharekhan Trade Tiger | Obtaining swing signals for equities etc. | Multiple prices, check website |
Trader Guide | Intraday trading strategies | INR 75,000/year |
NinjaTrader | Managing expirations | Standard at $99 |
AmiBroker India | Portfolio backtesting | Standard at $299/yearly |
VectorVest | Stock portfolio management | Basic at $9.95 for first 30 days then $69/month |
Profit Source Platform | Short term traders | $2,195 |
AlgoTrader | Quantitative research | On request |
WinTrader | Commodity, currency and stock market segments | INR 18,500 |
Angel Broking | Trading on NSE, BSE, MCX, etc. | ₹0 brokerage upto ₹500 for first 30 days* |
Trade V | Trading signals for indices | INR 995/monthly |
KeyStock | Technical Analysis of stock market in India | Without lower time frame INR 2,360 yearly |
Let’s explore these stock market software and trading solutions in detail with their USPs and key features.
USP: Built-in stock analysis tools for tracking derivatives and equities
Masterswift 2.0
Starting Price
Price on Request
masterswift2.0 stock trading software offers back testing that helps users to test their trading strategy against already available historical data. This help you to minimize risk and know if your strategies are working in the direction or not. In addition to this, masterswift2.0 comes with other technical analysis tools including advanced charting options, pattern recognition, scanners, and more.
masterswift2.0 Pricing: The online trading software takes brokerage charges starting from 0.03% for intraday and so on.
Suggested Read: Best Technical Stock Screeners in India for Day Trading
USP: Best stock research tool for Indian market to do commodity, currency and stock markets
RichLiveTrade
Starting Price
Price on Request
RichLiveTrade technical analysis software ensures that its users make up to 100% profits on their trade. It sends accurate and automatic sell, buy, stop loss, and target trading signals for different financial commodities.
The software’s trading systems are configured with golden ratio and filters that give accurate and automatic buy and sell signals.
RichLiveTrade Pricing: The price for RichLiveTrade is available on request.
USP: Best stock analysis tool for Forex Trading & Technical Analysis
MetaTrader 4
Starting Price
Price on Request
MetaTrader 4 enables users to trade in Forex and analyze financial markets by using certain trends and shapes or figures formed on charts. The best Forex trading software also comes with 30 in-built technical indicators and about 2k free and 700 paid custom indicators that help analyze the stock market in complex situations.
Moreover, other functionalities like flexible trading systems, advanced analysis tools, algorithmic trading, etc., make it suitable for traders of all experience levels.
MetaTrader4 Technical Analysis Software Price India: The demo version is available for free whereas the Pro and Standard versions are payable in nature.
USP: The latest version 6.1.11 is data feed & broker neutral
MotiWave is a highly customizable and user-friendly share market software that comes with great charting options. Its advanced functionalities such as back testing, ticker tape, gann analysis, scanners, advanced alerts, birds eye view, and more make it a great technical analysis software for brokers and individual traders.
MotiveWave Free Technical Analysis Software India Price: The software is priced at ₹ 7028 per month.
Suggested Read: Top Backtesting Software for NSE Stocks & Options in India
USP: One of the best stock trading software with an easy chart guide.
Ecgtrade
Starting Price
Price on Request
ECG Trade comes with easy-to-understand charts that help users technically analyze the changes in the stock market based on the data of last 15 years. These charts will help you determine when to buy and sell stocks.
Moreover, users can also predict the stop loss value using these technical charts. These features will help users take calculated risks while trading and book maximum profit for themselves.
ECG Trade Pricing: ECG Trade offers three paid subscription plans – Starter, Basic, and Master starting from ₹14,100.
USP: Diverse stock analysis tool for day trading and swing trading NSE stocks
Investarindia
Starting Price
₹ 3950.00 excl. GST
Investar stock market software India is for managing portfolios and analysing Indian stock markets (NSE, BSE, NSE F&O, MCX and NCDEX). The software also provides auto-divergence and mutual funds scans. You can also make use of this stock trading software’s multi-time frame query options.
Investar helps even new traders to do technical analysis using functionalities like auto-demand and supply zones, auto-divergence, auto-harmonic patterns, and more. Further, the software also provides accurate stop loss, target, etc., for making profitable decisions.
Pricing: Yearly subscription for Investar can be bought for ₹10,950. There are around seven versions of the software available based on individual requirements and devices used (mobile, tablet, etc.)
Suggested Read: Best Virtual Trading Apps to Start Virtual Trading Without Real Money
USP: Best for day intraday trading and risk analysis
Lightspeed trading software comes with advanced reporting capabilities that generate insights with a click. These insights help users analyze the stock market and stock’s performance over a specified time frame. In fact, users can also access risk analytics modules that can be used for risk calculation, VaR, liquidity risk, concentration risk, etc.
Further, there are multiple video tutorials at Lightspeed’s official website that can help you understand popular charting frames, fundamental analysis, margin interest, and more.
Pricing: Lightspeed share market software charges a commission as low as ₹8.27 per share onwards for ETFs and stocks.
USP: Best for charting and market data analysis
MetaStock
Starting Price
Price on Request
From the past 30 years, Meta Stock has been offering charting and technical tools. Day, EOD, and swing traders can scan, back test, and analyze stocks, futures, FOREX, options, and more.
Irrespective of your trading experience, MetaStock analysis tools assist you in deciding your trading system, what & when should buy & sell, and more to make the maximum profits.
Pricing: MetaStock’s monthly subscription starts from ₹5706.67 per month.
USP: Reliable technical research tools and charting software for day trading
Esignal
Starting Price
$ 64.00
eSignal offers charting and technical analysis tools that allow users to create charts in their own way, which is easy to understand. These charts help you to understand where and how the market is moving for instant trading.
Moreover, it allows you to have access to accurate real-time data from global markets. This helps traders watch trends, set their strategies, and execute them in the best way possible.
In addition to this, traders can also back test their strategies using eSignal’s scanning tools and know their effectiveness.
eSignal Software Cost: eSignal offers three paid plans starting from ₹5055.43 per month. In fact, traders can also try the online trading software free for 30-days and see how it works for them.
USP: One of the best real-time and end of day (EOD) technical analysis software
Spider IRIS Plus
Starting Price
₹ 65000.00 excl. GST
Using Spider Software, traders can improve their analysis based on charts and LIVE news. While focusing on the Indian stock market, Spider software offers functionalities like more than 150 in-built indicators, auto trendline, tick by tick data in real-time, back testing, and more.
In addition, the software offers a list of 8 technical analysis products that traders can choose from depending upon their requirements.
Price of Spider Stock Market Technical Analysis Software: The price of Spider Stock market software is available on request.
USP: Stock analysis tools provides swing trading signals for equities, indices, etc.
Sharekhan
Starting Price
Price on Request
Sharekhan Trade Tiger offers advanced analysis and charting tools that enable new and experienced traders to make better trading decisions. Advanced tools like heatmap allow users to quickly trade in just a click. Moreover, traders can also place advanced orders that include bulk orders, bracket orders, big trades, etc.
In addition to this, the trading software is great for newbies as it comes with free online sessions that helps them learn and trade efficiently. In fact, to further smoothen the trade, users can also personalize their experiences with multiple stock screeners of their choice, charts, shortcuts, and more.
Trade Tiger Software Price: Information related to the software’s pricing structure is available on request.
Suggested Read: Most Accurate Intraday Trading Indicators for Option Trading
USP: Helps with the best intraday trading strategies based on stock analysis
For technical analysis, Trader Guide offers technical charts along with overlays that include dema supertrend, ema, macd, and other technical indicators. It gives you highly reliable signals for selling and buying stocks that makes traders earn in the bearish and bullish market.
Moreover, the best part about this technical analysis software is that users don’t really need to have any additional knowledge regarding fundamental. It itself will assist you in making profitable trading decisions.
Trader Guide Pricing: The Trader Guide’s Smart Investor plan’s pricing starts from ₹7500 per year.
USP: Stock research tools helps active traders quickly manage expirations
NinjaTrader
Starting Price
$ 99.00
NinjaTrader is one of the best mobile trading platform in India for beginners which offers free advanced technical analysis, charting, back testing, and trade simulation tools. The software enables you to watch and trade in all the markets including stocks, futures, etc. In fact, you can also analyze the market using volumetric bars order flow, market depth, and more.
In addition to this, the NinjaTrader analysis software comes with more than 1000s of apps that help you personalize your charts and focus on technical analysis.
NinjaTrader Software Price: Customized for both forex and futures, NinjaBroker’s pricing details are available on its official website.
USP: One of the best portfolio back testing software for stock analysis
AmiBroker
Starting Price
$ 299.00
AmiBroker offers one of the fastest portfolios backtesting with advanced functionalities like scoring, ranking, position sizing, custom metrics, rotational trading, and more. The analysis software also comes with powerful charts that have drag and drop bands, averages, and indicators.
These can further be customized according to the user’s preferred gradient and style. In addition to this, AmiBroker’s analysis window shows your backtests, scans, optimizations, explorations, simulations, and more, all in one place.
Pricing: A new user can get a license of AmiBroker starting from ₹24779.88 onwards.
Suggested Read: Best RBI Approved & SEBI Regulated Forex Brokers in India
USP: Ideal for independent investors for stock portfolio management and market research
Use VectorVest technical analysis software for undertaking stock analysis as well as deploying viable strategies that are time-tested for stock recommendations. The mobile version lets you analyze stock details any time from any location.
Share analysis tool assists traders in deciding what and when they should buy and sell. This is not done on assumptions or any guess work, rather proper mathematical models are used to determine which stock’s price would go up. The analysis software uses VST, value, safety & timing to give calculated buy, sell, or hold signals.
VectorVest Stock Analysis Software Pricing: VectorVest comes with three paid plans – Basic, Enhanced, and Premium starting from ₹5718.43 per month.
USP: Many stock research tools for short terms traders to manage entry and exits
The ProfitSource analysis software uses Elliott Wave to make accurate time and price forecasts. This is further followed up by low risk and high profitability buy and sell trading signals. Additionally, as soon as you log in, you get a precomputed scan that gives you a list of hot opportunities in the stock market that you can grab.
Further, to make the analysis stronger, traders can use 40 plus technical indicators to select the most profitable stock for themselves.
ProfitSource Trading Analysis Software Price: The price is available on request at the official website of Profit Source.
Some of the best buy sell software online for stock trading in India, along with their features and pricing:
USP: An algorithmic trading software for conducting quantitative research
With AlgoTrader, users can deal in options, futures, equity, Forex, and even crypto. This algorithmic trading software automates major trading operations like pre-trading funding, execution, and even post-trade settlement. It even automatically generates algorithmic buy & sell trade signals and executes orders.
Pricing of AlgoTrader Software for Stock Market: A yearly subscription of the license is available for the software.
Suggested Read: Top Swing Trading Apps in India
USP: Suited for commodity, currency and stock market segments
Based on its advanced technical analysis, WinTrader gives confirmed trading signals and re-entry suggestions. Also, the trading software sends you real-time status and signal alerts so that you don’t miss any profitable trading opportunity.
Moreover, users can also access trend scanners to see how trending stocks are performing and then trade as per the trend to book maximum profits.
Pricing of WinTrader Buy Sell Software: WinTrader offers different paid packs starting from ₹6000 for one time payment.
USP: Member of NSE, BSE, MCX and CDSL
Angel broking trading software is for handling trade activities. A single login and you can depend upon the software’s ability to manage investment accounts with simplicity and ease. Make use of interactive charts to better understand the market. You can also track the latest investment trends for carrying out further market research.
AngelOne helps you understand how options trading work. It offers guides on predicting market directions to trade, understanding stop loss, risk-reward & win-rate ratio, and more. Moreover, it also comes with advanced charting functionalities, calculators, and live trading news that help make better trading decisions.
Pricing: AngelOne charges ₹0 brokerage on equity delivery. However, it takes a ₹20 flat charge on every order for intraday trade on futures and options, currencies, and other commodities.
USP: Provides swing trading signals for equities, indices, etc.
Welcome E-trade platform is the leading buy sell signal software deployed primarily for managing MCX metals, equity, stock futures and indices. You can use the software for checking recent trades and checking buy-sell signals to ensure informed decision making.
Get maximum results out of V auto trading software’s performance reports creation capabilities.
Pricing: It’s available at the price of ₹9000. To know more about the product, please connect with us.
Best For: Mixing different indicators and creating custom scans
KeyStocks Lite
Starting Price
₹ 2000.00 excl. GST
KeyStock analysis software helps traders to analyze the stock market using automatic trendlines and harmonic patterns that plot automatically. It also comes with versatile scanners like head & shoulder, gann swing, volume gainers, CandleSticks scan, divergence scan, and more.
KeyStock Pricing: KeyStock plans start from ₹2360 per annum.
The search for the best technical analysis software and app is based on your own goals and what you expect to get out of trading.
Suggested Read: Best Algo Trading Software India
Stock trading software has in-built mechanisms for easing the trade and investment decisions of its users. The various interactive features and tools provided by stock trading software/share trading software are designed for making a trader’s, investor’s or any other end user’s business operations smooth and streamlined.
RichLive Trade, Investar Stock Trading Software, Angel Broking, and Profit Source Platform are perfect platforms to trade.
Manipulation on Non Liquid Stock: Technical analysis won’t work on such stocks and you might end up losing money.
Small Time Window: Intraday trading operates only for 5 hours and the position has to be locked within that time period.
Capital Erosion: Intraday trading runs the risk of capital erosion as the trade is carried out with finite capital.
Following are the steps through which you can minimize your day trading risks:
Setting reward risk ratio: Don’t target an expanded profit order or reduced stop loss to achieve a better ratio. Skip any trade that doesn’t match your ratio.
Avoid setting short term goals: Setting daily or weekly goals builds unnecessary pressure and the need to trade. Opt for long term goals such as semi-annual or annual goals instead.
Alter position size: Reduce position size on trades having lower win rate and increase it when the win rate is higher.
National Exchange for Automated Trading (NEAT) developed by NSE Infotech Services Ltd. is used in NSE.
Sharekhan Traders, Angel Broking, MetaTrader4 Software, and Spider Stock Trading Software India offer a complete technical analysis.
NinjaTrader, Seeking Alpha, and Scanz are free to use and you can do technical analysis of the stock market.
Markets alternate between range expansion and range contraction, trend continuation is more likely than reversal, trends end in one of two ways: climax or rollover, momentum precedes price – these are the 4 major basics of technical analysis.
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