Investing is not an easy game. You need to invest for a longer duration to make big profits in the stock market.
Intraday might seem fascinating, where you can buy and sell stocks in one single day, but swing trading is the one that will take you the long way. It allows you to take time to analyze the market and make trading decisions in a relaxed state while offering you the opportunity to make short- and medium-term profits.
Successful swing traders mostly make their trading decisions based on technical analysis. This is where swing trading apps come into play. It can help them with identifying market opportunities, trends and can be used to gain technical and fundamental analysis knowledge. In brief, it can help traders decide when to hold or sell an investment position.
So, let’s understand what swing trading is and how to get started with some of the best swing trading apps in India.
Swing trading is where traders invest and hold on to a stock for some time ranging from a few days to several months. Traders generally look for trading opportunities where they can buy stocks when the prices are low and hold on to them till the price swings and rises, and they make a good gain out of it.
The main objective behind swing trading is to make short term and mid-term profits from a stock or any other financial asset over some time. Traders make the most of their technical and fundamental analysis abilities to determine the price patterns and trends. It is one of the popular styles of active trading that traders practice with the help of swing trading apps. Such apps help in identifying market opportunities, receiving personalized advisory on stock ideas, among other things.
More about Swing Trading
To make profits in swing trading, you need to have the right swing trading app for Android and iOS. Let’s have a look at the top 5 ones available on Play Store and App Store.
| Swing Trading App | Google Play Store Rating | App Store Rating |
| Angel One | 3.9/5 | 3.6/5 |
| Upstox Pro | 4.4/5 | 4.5/5 |
| Sharekhan | 3.9/4 | 2.7/5 |
| ICICI Direct | 4.9/5 | 3.7/5 |
| 5Paisa App | 4.2/5 | 4.2/5 |
Angel One app that was popularly known as the Angel Broking app is an all-in-one stock market app with live market updates, stock advisory, charting tools, 5000+ stocks, and more. Another unique feature of this app is that it generates stock ideas for you with the help of ARQ technology that uses a rule-based investment engine.
Features of Angel One App
Platforms Available: Android, iOS
Pricing: Angel One takes zero charges on any stock investments. However, traders need to pay an amount of ₹20 or 0.25% interest, whichever is lower for every order for Intraday, commodities, F&O, and currencies.
Upstox instant investing solution is for mobile traders. It makes swing trading simple with instant notifications about your recent trading activity, trading even on a slow internet connection, pre-made option strategies, instant 15-minute withdrawals, and more. Traders can view LIVE market data from different markets like NSE, MCX, and BSE.
Features of Upstox Pro App
Platforms Available: Android, iOS
Pricing: Upstox swing trader India charges ₹0 as commission for investing in IPO, mutual fund Demat account opening, or maintenance charges. Although, traders are charged ₹20 for brokerage on any F&O, equity, currency, or commodity orders.
Suggested Read: Best Stock Screeners in India for Day Trading
The Sharekhan app offers complete benefits of stock brokering app like advanced measurement tools, portfolio customization, a shortcut bar to monitor investments, watchlists, etc. This user-friendly app for swing trading allows you to view prices from NIFTY, Sensex, and other international markets.
Features of Sharekhan App
Platforms Available: Android, iOS
Pricing: Sharekhan charges brokerage of 0.02% and 0.10% as per the brokerage structure for 1st Leg, 2nd Leg, and next day for futures and options
ICICI Direct trading app comes with an interactive UI to make your trading experience simpler. Traders can get the latest stock market news, charts with 100+ indicators and an in-depth analysis for investment and trading ideas from its on-demand research desk. Users can also start investing within a few clicks and buy stocks with a single swipe.
Features of ICICI Direct App
Platforms Available: Android, iOS
Pricing: ICICI Direct app charges ₹0 brokerage for futures trading, ₹20 brokerage for intraday, options, commodities, and currencies.
Suggested Read: Best Technical Analysis Software for Stock Trading in India
5Paisa app is a swing trading app suitable for both beginners and professional traders. The swing trading app also comes with a robo investment advisor which helps you in building a customized portfolio based on your risk limit. In addition to this, the trading app is backed by bank level security, 256 bit SSL encryption.
Features of 5Paisa App
Platforms Available: Android, iOS
Pricing: 5Paisa swing trading app charges ₹0 commission on your mutual fund investment and a flat ₹20 as brokerage charges per order.
While trading you need to be quick, so make sure that your trading app offers good performance and speed. This means allowing you to check charts frequently, refresh for real time stock prices and updates, etc.
Trade Signals are the backbone for swing trading, they help you understand and determine when you should enter or exit the stock market. This is an important element in your technical analysis procedure.
Conduct an overall analysis of the features that your trading app offers. Some of the mandatory features that it should offer are charts, technical indicators, margin trading, trade signals, etc.
Personalized charts allow you to integrate different trading indicators in one single chart. This ensures that you can check multiple parameters in one place and conduct your analysis based on that.
Stop loss makes sure that you incur a limited loss on your trade. With this feature, you can set a trigger, which will close an open position when it is met. By this you will not face any unexpected loss.
Conclusion
Swing trading is a great way to make profits in stock market, while increasing your trading knowledge. There are multiple swing trading apps that allow you to hold stocks for short and long terms, and anticipate the future of the stock. Traders can use the technical analysis tool of these apps to trade in different financial assets and markets
Suggested Categories: Stock Market Software | Investment Management Software | Payment Gateway
FAQ’s
The best swing trading apps are Angel One app, ICICI Direct app, and Upstox. These apps offer great technical tools that help you determine the movement in prices.
Yes, swing trading really works as it helps traders to make profits and buy or sell stocks based on technical analysis and chart understanding. With this, traders gain better knowledge of the stock movements.
In swing trading, traders hold their stocks for a few days or several weeks and use technical analysis to determine where the stock will go. When the stock prices are low, they buy and wait for the prices to go up to sell and make a profit.
Yes, swing trading is completely safe when traders use trusted apps for swing trading such as 5Paisa app, Sharekhan app, and Angel One app. You just need to check that your app offers accuracy and security to facilitate safe trading.
Some of the best platforms for swing trading are Upstox, 5Paisa app, and ICICI Direct app. They offer great charting tools and allow margin trading with zero to low interest rates.
Swing strategy is about traders holding on to stalks for some small period to focus on smaller gains. In this strategy, the profit may be small, but it will be consistent.
The best indicators for swing trading are volume, moving averages, movement ease, stochastic, RSI (Relative Strength Index), and more.
In intraday trading, traders buy and sell stocks in one single day. Whereas in swing trading, traders hold on to stocks for more than a day or several weeks, waiting for the right trading opportunity.
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