21 Best Technical Analysis Software for Stock Trading in India 2024

Last Updated: September 27, 2024

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.

What is Trading Software & Why You Should Consider It?

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.

How Does Technical Analysis Software for Indian Stock Market Works?

Technical analysis software for intraday trading works with several key features enabled that help investors and traders make diligent investment decisions.

  • Scanning tools: Investors and traders can learn about stock markets and their ups and downs through this tool.
  • Customisable Charts: Such charts help forecast stock patterns based on current as well as past data.
  • Up-to-Date News: To keep you updated, brings the latest stock market news from relevant news sources.
  • Reports: You can also go through research papers and reports developed by third parties on general and stock markets.
  • Monitor Data: The constant availability of data such as a company’s worth, stock prices, quarterly reports, etc., lets traders and investors make informed decisions about their investment/trading choices.

List of 21 Best Technical Analysis Software for Indian Stock Market in 2024

Top Stock Market SoftwareBest Stock Trading Software forTop Stock Trading Software Price
Masterswift 2.0Tracking derivatives and equitiesINR 20 per executed order
RichLiveTradeIndian market to do commodity, currency and stock marketsOn request
MetaTrader 4Forex trading and technical analysisOn request
MotiveWaveBroker neutral softwareStarts at $24/month
ECG TradeData visualization through chartsBasic plan at INR 16,200
InvestarDay trading and NSE stocksBasic plan at INR 495/month
LightSpeedDay intraday trading and risk analysisStarts at $2 over 3K trades
MetaStockCharting and market data analysis$499
eSignalDay trading$648
Spider Technical AnalysisReal-time technical analysis₹70,000 + GST
Sharekhan Trade TigerObtaining swing signals for equities etc. Multiple prices, check website
Trader GuideIntraday trading strategiesINR 75,000/year
NinjaTraderManaging expirationsStandard at $99
AmiBroker IndiaPortfolio backtestingStandard at $299/yearly
VectorVestStock portfolio managementBasic at $9.95 for first 30 days
then $69/month
Profit Source PlatformShort term traders$2,195
AlgoTraderQuantitative researchOn request
WinTraderCommodity, currency and stock market segmentsINR 18,500
Angel BrokingTrading on NSE, BSE, MCX, etc.₹0 brokerage upto ₹500 for first 30 days*
Trade VTrading signals for indicesINR 995/monthly
KeyStockTechnical Analysis of stock market in IndiaWithout 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.

1. Masterswift 2.0 – Best Trading Software in India

USP: Built-in stock analysis tools for tracking derivatives and equities

Masterswift 2.0

4.4

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.

Key Features of Masterswift Share Market Software in India:

  1. Pattern Recognition: This feature analyzes data patterns within trade charts to understand the prevailing market trends.
  2. Integration Support: Masterswift integrates with third party platforms such as Excel, .Net, Python and Java for semi-automated online trade strategies.
  3. Trade Signals: End users can expect support from expert advisors for some real-time trading signals.
  4. Advanced Charting: Several different types of charts and built-in indicators for trading directly using single click option.
  5. Scanners: Scanners for doing online stock trades for the best trading ideas.
  6. Historical Data: Historical data of the past years to make wise stock selling and buying decisions.

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

2. RichLiveTrade – Best Technical Analysis Software for Indian Stock Market

USP: Best stock research tool for Indian market to do commodity, currency and stock markets

RichLiveTrade

4.2

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.

Key Features of RichLiveTrade Software:

  1. High Accuracy: The buy sell signal software provides future predictions based on past performances of a stock for more accuracy.
  2. Advanced Level filters: Advanced filtering system help traders  pick more than ninety-five percent accurate buy sell signals with a hundred percent protected capital.
  3. Works for All Global markets: You will find support for FOREX, All Global Indices, MCX(India), NSE (India) and COMEX (USA) markets.
  4. Advance Software Personal Training: The team of RichLiveTrade experts and professionals trains its customers to help them build up their money.
  5. Jackpot Call Facility: Call facility is designed to ensure that customers trade fearlessly by giving them accurate jackpot trades based on fundamental, technical and numerological strategies.
  6. Money Making Trading Course: Money is the reason why a person decides to get into trading. However, many of them fail because of the lack of knowledge of money management. Its trading course trains everyone in risk management and money-making strategies.

RichLiveTrade Pricing: The price for RichLiveTrade is available on request.

3. MetaTrader 4 Software

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.

Key features of MetaTrader4:

  1. Full featured trading system: This free trading software India offers two execution modes and four order types.
  2. Meta Trader market: This feature enables a user to buy indicators and trading robots.
  3. Algorithmic trading: You can develop, test and apply expert advisory and technical indicators.
  4. Analytical tools: Around thirty built-in indicators with two thousand free custom indicators and around seven hundred paid ones allow a trader to analyse markets at differing levels of complexity.
  5. Trading signals: Trading signals allow one to copy deals of other traders.
  6. Automatic alerts: As a trader, you can now keep yourself updated about the latest developments with the help of MT4 software’s SMS and push notification services.
  7. Mobile Trading: The mobile version of MetaTrader4 is available for both Android & iPhone to help traders stay updated with the latest financial market trends.

MetaTrader4 Technical Analysis Software Price India: The demo version is available for free whereas the Pro and Standard versions are payable in nature.

4. MotiveWave Trading Software

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.

Key features of MotiveWave:

  1. Strategy trading: MotiveWave software supports two hundred and fifty inbuilt strategies, studies, optimizations, replay modes, walk-forward testing, and Java SDK.
  2. Native Multiple Monitor Support: The ‘Tile Windows’ feature to displays several graphs/charts on multiple screens simultaneously.
  3. Chart-Based Order Entry: As a trader, you can place, change, cancel orders and visualize positions directly from a chart.

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

5. ECG Trade – Real Time Technical Analysis Too

USP: One of the best stock trading software with an easy chart guide.

Ecgtrade

4.7

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.

Key Features of ECG Trade:

  1. Buy & Sell Signals: Get automated buy & sell signals and know exactly when you should make an entry to buy and when you should sell.
  2. Accurate Analysis: ECG Trade gives accurate analysis based on the stock market study for previous years, helping you to save time and trade better.
  3. Alerts & Pop-Ups: Receive automatic sound alerts and pop-ups in real-time for your set stop loss limit.
  4. Option Chain Data Analysis: This analysis along with Oi data for options help in trend analysis and price selection.

ECG Trade Pricing: ECG Trade offers three paid subscription plans – Starter, Basic, and Master starting from ₹14,100.

6. Investar

USP: Diverse stock analysis tool for day trading and swing trading NSE stocks

Investarindia

4.4

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.

Key features of Investar:

  1. Auto-Support/Resistance: This feature scans stocks with high risk/reward ratio, resistance breakouts and supply/demand zone breakouts. The software also identifies targets on any stock.
  2. Auto-Trendlines for trend analysis: Through this feature, you can identify trend reversals with trendline breakouts. Trendlines get automatically plotted on the chart for identifying trends.
  3. Fundamental and Technical analysis: You can use this stock analysis website for perfecting your buying/selling time.
  4. Technical indicators: Investar provides technical indicators for analysing futures, stocks and options.

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

7. LightSpeed

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.

Key Features of LightSpeed:

  1. Sophisticated trading features: Pinpoint accuracy for order management and routing with real-time profit and loss capabilities.
  2. Advanced order entry: Customized Level II order entry systems and programmable keys and load order entry features for instantaneous action.
  3. Mobile trade: LightSpeed Mobile allows for a seamless experience across mobile devices. The experience is on par with the web version.
  4. Limit orders and trailing stops: LightSpeed’s Eze EMS platform supports one-cancels-the-other and bracket orders. Users can also enter “if touched” orders on the platform.
  5. Order routing: Users have the option to route orders directly through many different venues. You can also leverage LightSpeed’s execution through different exchanges and routes for reliable service.
  6. Market scanner: Lightscan is an integrated market scanning and filtering tool for the US equities and filtering pools.

Pricing: Lightspeed share market software charges a commission as low as ₹8.27 per share onwards for ETFs and stocks.

8. MetaStock Software

USP: Best for charting and market data analysis

MetaStock

4.0

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.

Key Features of MetaStock Software:

  1. Market scanning: Scan the market to filter and sort securities that are showing buy/sell signals based on a custom set of criteria.
  2. System testing: Test your strategy through the backtesting process to see how it performs over time.
  3. Forecast: Use MetaStocks’s patent-pending technology to get a clear picture of tomorrow’s market for an improved forecast.
  4. Expert advice: Get expert advice based on popular market strategies on your chart.
  5. Option scope: It offers users an option chain with sorted, customizable, and color-coded options data, including the Greeks and a put/call view.
  6. Multiple chart themes: Choose the look that best suits your needs with more than 16 candle options.

Pricing: MetaStock’s monthly subscription starts from ₹5706.67 per month.

9. eSignal

USP: Reliable technical research tools and charting software for day trading

Esignal

4.3

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.

Key features of eSignal:

  1. Trade Alerts: With the help of available filters and alerts, the software makes it possible to display trading alerts by market experts.
  2. Customizable Workspace: Use shortcut keys; attach/detach pages to create customisable workspace.
  3. Trade Integration: Trading/Order Management System connects directly with over fifty plus brokers.
  4. Free Education: Make use of advanced share market technical analysis course for learning about markets. This is especially designed for investors planning to improve their trading techniques.
  5. Market Screener Plus: You can find out about new trading opportunities without going through the hassle of searching from over thousands of individual stocks.

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.

10. Spider Software for Share Market Technical Analysis

USP: One of the best real-time and end of day (EOD) technical analysis software

Spider IRIS Plus

4.5

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.

Key features of Spider Stock Market Software India:

  1. Live NSE Data: It provides live NSE data for real-time analysis of futures and F&O scripts. 
  2. Tracking Equity Market: It helps with live tracking of the equity market with the help of real time technical analysis.
  3. Advanced Charting: Spider software provides advanced trading tools for Indian stocks to manage multiple exchanges.
  4. Tracking Currency Market: It helps with automatic tracking and analysis of the latest movements in the currency market.
  5. Post-Market NSE: This stock trading software provides end of the day data along with post-market NSE, etc.

Price of Spider Stock Market Technical Analysis Software: The price of Spider Stock market software is available on request.

11. Sharekhan Trade Tiger

USP: Stock analysis tools provides swing trading signals for equities, indices, etc.

Sharekhan

4.5

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.

Key features of Sharekhan Trade Tiger:

  1. Pattern Finder: Receive automatic alerts based on chart patterns along with details of technical events.
  2. Trade in BSE & NSE: Spot, buy and sell an opportunity in BSE quickly and with ease.
  3. Advanced charting features: Create charts using mathematical tools for outlining trading rules.
  4. Live streaming quotes: Stock quotes change as and when there is change in exchange. You can live stream these changes anytime, anywhere.
  5. Market tools: There are various tools such as Tick Query, Ticker, Market Summary, Action Watch and Span Calculator for gauging market trends.
  6. News & Research: It provides real-time news & recommendations based on the research by Sharekhan experts.
  7. Technical Indicators: Helps discover any new financial market trends.

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

12. Trader Guide

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.

Features of Trader Guide:

  1. Drawing Tools: Allows create and save drawings with resistance, support, horizontal lines and more.
  2. Automatic Buy/Sell: It generates buy sell signals for positional traders and intraday traders.
  3. Future & Option Reports: You can also track the performance of buy sell signals with Trade Guide software.

Trader Guide Pricing: The Trader Guide’s Smart Investor plan’s pricing starts from ₹7500 per year.

13. NinjaTrader

USP: Stock research tools helps active traders quickly manage expirations

NinjaTrader

4.1

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.

Features of NinjaTrader:

  1. Chart: You can discover new trading opportunities with analytic reports and charts.
  2. Simulate: The software helps with simulation and backtesting to test trading opportunities.
  3. Trade: You can either automate or perform trading tasks manually.
  4. Build: Developers can build their own drawing tools and indicators.

NinjaTrader Software Price: Customized for both forex and futures, NinjaBroker’s pricing details are available on its official website.

14. AmiBroker India

USP: One of the best portfolio back testing software for stock analysis

AmiBroker

3.9

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.

Features of AmiBroker India:

  1. Scoring & Ranking: It provides bar-by-bar ranking to help users find a profitable option for trading.
  2. Walk-Forward Testing: The software checks Out-Of-Sample performance to check the sturdiness of your system.
  3. Monte Carlo Simulation: Provides worst-case scenarios to make users ready for adverse market situations.
  4. The Analysis Window: This window includes everything, including optimization, and exploration with Monte Carlo Simulation.
  5. Market Screening: It provides symbolic data in tabular format for multi-purpose screening.

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

15. VectorVest

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.

Features of VectorVest:

  1. Market Guidance: This will make your trading entry and exit points more accurate.
  2. Complete Investing: It helps devise robust investing strategies for trading in the Indian stock market.
  3. Forced Rankings: With forced rankings, you will get the best investment opportunities quickly.
  4. Fundamental Analysis: Fundamental analysis along with market trend analysis ensures the best results.

VectorVest Stock Analysis Software Pricing: VectorVest comes with three paid plans – Basic, Enhanced, and Premium starting from ₹5718.43 per month.

16. ProfitSource Platform

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.

Features of ProfitSource Platform Free Technical Analysis Software for Indian Stock Market:

  1. Elliott Wave Forecasts: It helps with the accurate projection of time and price.
  2. Technical Indicators: You will get different indicators to come up with a winning formula
  3. Elliott Wave Trading Signals: You can figure out low risk entry points with high probability
  4. Precomputed Scans: As soon as you log in, your dashboard will start reflecting new trading opportunities in the market.

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:

17. AlgoTrader

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.

Key features of AlgoTrader Stock Analysis Software:

  1. Broker and Market Data Adapters: You will get a wide range of data and broker adapters in the software. Additional adapters too can be added without any hassle.
  2. Order Management and Execution: AlgoTrader offers flexible mechanisms for order management so that executing different kinds of order types and algorithms is super easy.
  3. Markets and Instruments: This trading software supports multiple markets and instruments to create and implement a range of trading strategies.
  4. Automated Cryptocurrency Trading: AlgoTrader supports automated cryptocurrency trading. It has direct exchange adapters for Bitfinex, Bitstamp, etc. It also provides historical data adapters to CoinAPI and CoinMarketCap.
  5. User interface and reports: There are multiple custom management and reporting features that you can adapt based on your trading activities.

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

18. WinTrader

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.

Key features of WinTrader:

  1. Buy/sell Signals: Through WinTrader trading software, you can buy/sell signals from MCX, Forex, NSE (Futures & Stocks) and Comex.
  2. Technical analysis: Trading indicators within the software provide technical analysis for all markets within a single platform.
  3. Active buy/sell entry area detection: This auto trading software indicates whether the buy/sell signal so generated is good for trade or not.
  4. Four level filtering system: The advanced filtering system feature provides accurate signal services.

Pricing of WinTrader Buy Sell Software: WinTrader offers different paid packs starting from ₹6000 for one time payment.

19. AngelOne

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.

Key features of AngelOne Trading Software for PC:

  1. Multiple accounts: With the help of AngelOne software, it is possible to create multiple accounts based on trading strategies.
  2. Manage portfolios: Online trading allows a trader an opportunity to manage portfolios without involvement of any third party.
  3. Monitor stocks: You can monitor stocks by reading research reports generated by the auto trading software.
  4. Set trading limits: AngelOne enables investors/traders to set personal trading limits as well as buy/sell orders.

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.

20. Trade V

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.

Key features of Trade V Best Software for Trading in India:

  1. Multiple Segments: This stock trading software is used for managing currency, equities, indices and other types of stocks.
  2. Information Bank: You get information related to new signals, target values and stop loss for better management of your latest trades.
  3. Favourite & Alerts: The software is used for tracking stocks and sending signals as and when the status of a stock changes or a new trade stock makes an entry.
  4. Message Centre: The message centre of Trade V software highlights any offer or announcement along with top trades.
  5. Supports Multiple Platforms: Trade V can be accessed through desktop, mobile applications and a mobile app (for both Android & iOS).

Pricing: It’s available at the price of ₹9000. To know more about the product, please connect with us.

21. KeyStock Software

Best For: Mixing different indicators and creating custom scans

KeyStocks Lite

4.5

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.

Main Features of KeyStock Technical Analysis Software:

  1. Bar Replay: It helps with visual back-testing and highlights past performances along with the indicators which are of repainting nature.
  2. Programming Knowledge Not Required: Stock traders can perform technical analysis for the stock market without even writing a single code.
  3. Chart Patterns: It helps maximize your trading returns with a better understanding of the market trend.
  4. MA Scans: The scan of moving averages is quite helpful for stock market traders. You get a moving average convergence scanner.
  5. Indicators: KeyStock software includes indicators like SuperTrend, Ichimoku Kinko Hyo, SAR Special, Parabolic SAR and HL SAR. It also provides indicators like Pivot Levels, Zig ag and Auto Trendlines.
  6. Candle Sticks: You can create your own pattern or modify the existing candlesticks pattern.

KeyStock Pricing: KeyStock plans start from ₹2360 per annum.

How to Find the Best Technical Analysis Software for Indian Stock Market?

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.

  • You should ask yourselves whether you want to be a professional trader or earn quick profits over a short period of time.
  • Other crucial factors include how quickly the app alerts you about changes in the market.
  • Finally, you should choose apps that let you perform automated trading and perform technical analysis of each of your investments.

Suggested Read: Best Algo Trading Software India

Conclusion

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.

Best Stock Trading Software: Frequently Asked Questions (FAQs)

  1. Which is the best trading software in India?

    RichLive Trade, Investar Stock Trading Software, Angel Broking, and Profit Source Platform are perfect platforms to trade.

  2. What are the potential risks of day trading in India?

    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.

  3. How to minimize day trading risks with the best trading software in India 2024?

    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.

  4. Which trading software used by NSE?

    National Exchange for Automated Trading (NEAT) developed by NSE Infotech Services Ltd. is used in NSE.

  5. Which is the best software for technical analysis in stock market?

    Sharekhan Traders, Angel Broking, MetaTrader4 Software, and Spider Stock Trading Software India offer a complete technical analysis.

  6. Which software is free for Indian stock market technical analysis?

    NinjaTrader, Seeking Alpha, and Scanz are free to use and you can do technical analysis of the stock market.

  7. What are the 4 basics of technical analysis?

    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.

Published On: February 25, 2020
Kalpana Arya

Kalpana’s tech writing journey began in 2017 with Techjockey, and she truly belongs here! If she was not a technical content writer, she would have been a coder. Technical writing, especially for business software, is her passion, and she enjoys every bit of it. From addressing the pain points of software buyers to offering them the best software buying guide, she has excelled in every stage of the customer journey through content. Techjockey’s website has 500+ software categories and she has written something for each of them. Also, she has a good eye for detail, and that makes her a reliable Content Editor.

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