What is a technical screener website? How it will help you? A Technical Stock screener is a tool for technical analysis of the stock. This tool is used by most of the stock traders. We have already discussed technical analysis. Technical analysis is the science of predicting stock price movement based on market trends, past price performance,e and volume of the stock. You don’t need to spend a fortune on fancy tools to chart your journey. Technical screener websites are here to save the day, helping you make informed decisions with detailed charts, indicators, and even pre-built screeners. In this post, I will share information about the 5 Technical Stock Screener website.
Technical stock screeners are of two types. One is the live technical stock screener and the second is the end-of-day technical stock screener. Today our focus will be on end of day screener.
5 Technical Screener Websites for Technical Analysis in India
TradingView – The All-in-One Powerhouse
If there’s a superhero in the world of technical analysis, it’s TradingView. This platform isn’t just popular in India; it’s a global favorite. And for good reason!
TradingView offers an intuitive interface, a rich library of indicators, and the ability to customize your charts to suit your trading style. Whether you’re into day trading, swing trading, or long-term investing, this platform has something for you.
- Why It Rocks:
- Over 100+ built-in indicators and a vibrant community creating custom ones.
- Advanced charting tools with real-time data.
- Social features: Follow other traders, share your analysis, and learn from the community.
- Best For: Beginners to advanced traders.
The free plan is generous, but the paid versions (starting at ₹1,200/month) unlock additional perks like multiple chart layouts and intraday data for Indian markets.
Trendlyne
Trendlyne is second best technical screener available for Indian Traders and investors. Trendlyne provides all market news and stock market indicators. The key features of Trendlyne are given below.
- Stock heatmap with customization option
- Market dashboard
- Personalized Screener
- Technical score
- Average Broker Target
After logging to Trendlyne website, enter the name of the stock in the search tab and press a search button. You will be taken to a page where you can find information like technical score, simple moving average, and brokerage target.
StockEdge – The Indian Market Specialist
StockEdge is like that friend who knows all the local gossip—except it focuses on Indian markets. It’s designed specifically for Indian traders and investors, making it a must-have tool if you’re serious about domestic stocks.
- What Makes It Shine:
- Predefined technical scans for various strategies like moving averages, RSI, or Bollinger Bands.
- Easy-to-use filters to screen stocks by technical parameters.
- Learning resources, including webinars and courses for beginners.
- Why It’s Unique:
StockEdge focuses on simplicity, so even if you’re new to technical analysis, you’ll find it easy to use. The paid plans start at ₹499/month, making it budget-friendly too.
Technical Analysis or Fundamental Analysis – Which is better?
Chartink – The Screener King
Chartink is like the Swiss Army knife of screeners. This platform is purely focused on screening stocks using technical and fundamental criteria. It’s especially popular among traders who love creating custom screeners.
- What’s Cool About It:
- Create your own screeners using simple codes or choose from thousands of pre-built ones.
- Real-time screening for Indian stocks.
- Alerts to notify you when a stock meets your criteria.
- Pro Tip:
While it’s free for basic usage, the premium plan (₹999/month) unlocks faster scans and additional features, which can be a game-changer for active traders.
TickerTape – The New-Age Contender
TickerTape is the cool, modern kid on the block. While it’s primarily known for its fundamental analysis features, its technical screener tools are nothing to scoff at. Plus, it integrates beautifully with brokers, making execution seamless.
- Standout Features:
- Screen stocks based on technical parameters like moving averages or MACD crossovers.
- A clean and modern interface that’s easy on the eyes.
- Insightful visualizations to make data interpretation a breeze.
- Why Pick TickerTape:
If you want a platform that balances simplicity with functionality, this is it. The premium plan starts at ₹118/month, which is an absolute steal.
Tips to Get the Most Out of These Screeners
- Know Your Strategy: Are you a day trader or a long-term investor? Pick a platform that aligns with your approach.
- Experiment: Start with free plans, explore the features, and only upgrade if you really need the premium tools.
- Stay Updated: Markets evolve, and so do these platforms. Keep an eye out for updates or new features.
Over to you –
The stock market isn’t just about luck; it’s about preparation. And these technical screener websites are like your personal trainers, helping you stay in shape for the next market opportunity. Whether you’re analyzing nifty trends or diving deep into mid-cap gems, having the right tools can make all the difference.
Now, the question is: Are you ready to take your trading game to the next level?
FAQs
1. Are these technical screener websites beginner-friendly?
Yes! Platforms like StockEdge and TickerTape are especially user-friendly, making them ideal for beginners.
2. Can I use these screeners for free?
Absolutely. Most of these websites offer free versions with essential features. However, upgrading to paid plans unlocks advanced tools.
3. Which screener is best for day trading?
TradingView and Chartink are excellent for day trading due to their real-time data and customizable alerts.
4. Do these screeners support cryptocurrency analysis?
TradingView support crypto analysis in addition to stocks, making them versatile options.
5. How often should I use these screeners?
It depends on your trading style. Day traders may use them daily, while long-term investors might check them weekly or even monthly.
With these tools in your arsenal, the stock market doesn’t have to feel like a labyrinth. Ready to make informed decisions and chart your success?
