Best Free Technical Analysis Software for Indian Traders
You don’t need to spend a fortune to analyze stocks effectively. Many powerful free technical analysis software tools are available to Indian traders today, offering high-quality charting, indicators, and data for NSE and BSE stocks.
In this guide, we explore the top free tools, their key features, and how they stack up for Indian stock market users.
1. TradingView (Free Plan)
Why it stands out: A global favorite for charting and strategy visualization.
- Key Features:
- Interactive charts with 50+ indicators
- Save and share chart layouts
- Use Indian NSE/BSE stock symbols
- Cloud-based access (no installation needed)
- Limitations:
- Real-time NSE data not available on free plan
- Limited alerts and saved layouts
- Ideal For: Traders who want intuitive, customizable charts.
2. Chartink (Free Screener)
Why it stands out: India’s most popular free stock scanner with technical filters.
- Key Features:
- Custom screeners for price, volume, RSI, MACD, etc.
- Supports intraday and EOD scans
- No registration needed
- Easy filter-based screener builder
- Limitations:
- Real-time data and alerts only in premium
- No interactive charts
- Ideal For: Beginners looking for simple scan-based filtering.
3. Investing.com (India Edition)
Why it stands out: Free charts and indicators with global and Indian stock access.
- Key Features:
- Charting tools with indicators like Bollinger Bands, RSI, MACD
- Economic calendar, stock alerts, and mobile app
- Covers NSE/BSE stocks, forex, and commodities
- Limitations:
- Ads may interrupt experience
- Not purpose-built for active day trading
- Ideal For: Casual traders and long-term investors.
4. Fyers Web (Free with Account)
Why it stands out: Trading platform with built-in charting from ChartIQ.
- Key Features:
- 60+ technical indicators
- Full-screen multi-timeframe charts
- Free for registered users with demat account
- Real-time data from NSE
- Limitations:
- Requires Fyers demat account
- Interface not as modern as TradingView
- Ideal For: Traders looking for integrated analysis and order execution.
5. Zerodha Kite (Free for Clients)
Why it stands out: One of India’s most-used platforms with clean charts.
- Key Features:
- 100+ indicators
- Real-time charts with order placement
- Integrated with TradingView and ChartIQ engines
- Free for Zerodha account holders
- Limitations:
- Limited customization vs full TradingView
- Requires account opening
- Ideal For: Active traders who use Zerodha for execution.
Comparison Table
| Software | Free Access | Real-Time NSE Data | Indicators | Alert System | Account Needed |
|---|---|---|---|---|---|
| TradingView | Yes | No (delayed) | 50+ | Limited | No |
| Chartink | Yes | No (EOD only) | Screener only | Email/SMS (Premium) | No |
| Investing.com | Yes | Yes (slightly delayed) | 100+ | Yes | No |
| Fyers Web | Yes | Yes | 60+ | No | Yes |
| Zerodha Kite | Yes | Yes | 100+ | Yes | Yes |
Final Thoughts
Free technical analysis tools have come a long way. Whether you’re a beginner experimenting with chart patterns or an intermediate trader looking to refine your strategies, the free software options in India offer more than enough to get started.
To unlock premium features like real-time alerts, strategy backtesting, or API access, you can always consider upgrading—but for most traders, free tools are more than sufficient.
FAQs
Q1: Can I trade directly from these free tools?
Yes, platforms like Zerodha Kite and Fyers Web allow trading directly from the chart.
Q2: Is real-time data available for free?
Mostly yes on broker platforms (Kite, Fyers), but limited or delayed on free global tools like TradingView.
Q3: Which free tool is best for intraday analysis?
Zerodha Kite or Fyers Web with real-time data access are more suited for intraday setups.
Q4: Are these tools safe to use?
Yes, all mentioned platforms are legitimate and widely used in India.
Q5: Can I use these on mobile?
Yes, all platforms except Chartink have dedicated mobile apps or mobile-friendly websites.
