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Home Technical Analysis
technical charting websites

Technical Charting websites – A boon for Indian market participants

Elearnmarkets by Elearnmarkets
February 12, 2018 - Updated on November 18, 2020
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Making money in the market is not an easy job, especially on a daily basis. Long-term investments make sure that short term fluctuations don’t affect returns. However, being able to tap the short term fluctuations correctly is the biggest challenge.

Timing the entry and exit accurately is not everyone’s cup of tea. In such a case, technical charts on best charting websites can be seen as your only friend, which can help you get nearly the best entry and exit points.

In this topic we are going to discuss about the free charting websites available to be accessed by Indian equity and commodity market participants. These charting websites can also help you identify stocks which can be invested in for a long period of time.

Table of Contents
NSE and BSE
Google Finance
Trading view
Investing
Chartink
Conclusion

NSE India & BSE India

National stock exchange (NSE India) and Bombay stock exchange (BSE India) is the mother of all charting websites. It most followed and oldest financial website. NSE has a benchmark index of Nifty while BSE has a benchmark index of Sensex . The site provides real time stock data. The number of listed company on NSE and BSE is 1696 and 5749 respectively.

nse website

bse website

For charting websites compared to NSE, BSE has an edge over it. NSE only provides line chart with no other indicators, which makes it difficult to read. On the other hand, BSE has a decent charting platform which is very easy to read and it is also customizable. They also carry a small chart in their home page which gives a quick representation of the Indian market.

Learn to trade with Technical Trading Made Easy course by Market Experts

chart

sensex chart

Google Finance

This is another most followed financial website, over 40+ million daily users. Google Finance provides news based content and also carries real time stock data. This site also comes in the list of top 15 most popular financial sites in the world along with Yahoo Finance. Google sheets can be used to automate data of stocks directly from Google Finance, on a real-time basis.

google finance charting websites

Examples of a few formula:

  • Updating the open price of NIFTY:- =GOOGLEFINANCE(“NSE:NIFTY”, “priceopen”)
  • Updating the current price of NIFTY :- =GOOGLEFINANCE(“NSE:NIFTY”, “price”)

These formulae are available online.

Charting platform of this site is quite good; it contains some useful indicators which a user can apply as per his/her need. The site also has a mobile version which helps us to get quick information on-the-go.

charting websites screenshot

Tradingview Charting Websites

This is one of the best charting websites which is most favourite among the traders. The website is developed and controlled by Tradingview.inc. Though, it is not an Indian website, trading view consist of entirely different section for the Indian market.

You will also find the current situation of the global market in its home page. It really helps you to understand the real-time situation of the market which makes you a wise decision maker while trading.

The website has innumerable features in the field of charting which are extremely helpful. Apply indicators, tools and drawing elements as per the requirement, it helps to understand the market or the scenario of the situation in more detail.

trading view

Besides all the conventional trading tools and indicators, the website also provides news (related to the stock or the product) and the latest market scenario along with the chart, so that you can stay updated while taking your decision. The chart is delayed by 15 minutes and limited number of indicators is usable in the free version of the website.

tradingview stock screener

Screener section of trading view is also quite good. Here, stocks can be filtered as per requirement. Screener has both fundamental and technical screening capabilities which let you scan the product as per the pre-defined condition provided by the user.

Investing Charting website

This website may not be that advanced in terms of chart representation as is tradingview.com but it has its own unique features. Investing website is actually news based so it has an edge over the other websites when it comes to equip the viewer with what is happening in the market.

investing charting website

In case of charting, the website contains a wide variety of indicators and tools. The ambit of this website is enormous and features like live data makes gives it the extra edge.

technical charting investing

As we can see the chart is easy to understand, multiple indicators along with the tools can be applied in the chart and it is free. The candlestick pattern helps give the reader a clearer view.

Learn how to analyse stocks for free using Investing.com

Chartink

If we are discussing about charting platforms, chartink is an unforgettable name. Chartink may not be the best charting websites out there but it is famous for his easily programmable scanner/screener.

This website does not only help us with the scanning, but it also has a really good charting platform. However, the chart is delayed by 5minutes.

Also Read : Importance of Long Term Investment

chartink charting websites

Here, getting access to the basket of indicators and other tools makes the work very easy. We can change the chart settings as per the need (tools and indicators).

Screener is the key feature of this website and this makes it special among the retail trader. With the help of easy programmable coding language any one can create his/her scan. The scanner also works in live market (5minute delayed) and we can also use its feature for the end of the day’s scanning. A huge list of scanners is present by default which is freely available for use.

charting websites scans

How to choose best charting websites?

Steps to choose charting websites

Conclusion:

It takes time to get a hold of these charting platforms. We should choose one of the best charting websites as per our style of trading. An investor generally works with end of the day’s data in other hand a trader needs real time data feed to makes perfect his entry and exit timings into the market.

Tags: best charting software for indian marketsbest free charting software technical analysisenglish
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Elearnmarkets (ELM) is a complete financial market portal where the market experts have taken the onus to spread financial education. ELM constantly experiments with new education methodologies and technologies to make financial education effective, affordable and accessible to all. You can connect with us on Twitter @elearnmarkets.

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