Best Technical Analysis Software in India (2025)
Technical analysis is the backbone of modern-day trading, especially for active traders in the Indian stock market. Whether you’re an intraday trader, swing trader, or long-term investor, choosing the right platform is essential for accuracy, speed, and efficiency.
Here’s a detailed breakdown of the best technical analysis software in India for 2025, based on charting power, backtesting ability, data access, and value for money.
1. TradingView
Overview:
TradingView is a cloud-based charting platform popular for its user interface, wide indicator library, and scripting capabilities.
Key Features:
- 100+ built-in indicators
- Pine Script for custom strategy creation
- TradingView social community
- Real-time NSE/BSE data (via broker integration)
- Mobile app with advanced charts
Pricing: Free basic plan; paid plans start at ~$15/month
Best For: Traders who want flexibility, speed, and access anywhere
2. Amibroker
Overview:
Amibroker is a powerful desktop software known for backtesting and strategy development using AFL (Amibroker Formula Language).
Key Features:
- Lightning-fast backtesting
- Supports custom indicators
- High-level strategy testing
- Data feeds from vendors like GDFL, TrueData
Pricing: One-time license ~₹20,000
Best For: Advanced users, algorithmic traders, and system developers
3. Chartink
Overview:
Chartink is India’s leading browser-based stock screener, ideal for scanning NSE stocks using technical conditions.
Key Features:
- Customizable screeners
- Live NSE data (premium)
- No coding required
- Great for breakout and momentum scans
Pricing: Free with limited access; Premium ~₹780/month
Best For: Swing and positional traders who prefer scanning over charts
4. Spider IRIS+
Overview:
Spider IRIS+ is a professional-grade platform built specifically for Indian markets, offering real-time data, pattern recognition, and AI-based signals.
Key Features:
- Auto trendlines & pattern detection
- Derivatives analysis (OI, Greeks)
- Tick-by-tick real-time charts
- Pre-built screeners and alerts
Pricing: ₹75,000+ (lifetime or annual models)
Best For: Full-time professional traders needing precision tools
5. MetaStock India
Overview:
MetaStock is an internationally trusted platform with strong charting, forecasting tools, and backtesting features.
Key Features:
- 400+ technical indicators
- Expert Advisors for signals
- Forecasting with MetaStock Forecaster
- Integrates with Refinitiv Xenith for live data
Pricing: $59–$265/month
Best For: Institutional-grade traders and portfolio analysts
6. Fyers One
Overview:
Fyers One is a free desktop terminal provided to Fyers clients, combining charting with trade execution features.
Key Features:
- In-built indicators and screeners
- Intraday + EOD charts
- Portfolio simulation
- TradingView integration
Pricing: Free with Fyers account
Best For: Retail traders looking for a free desktop charting tool
7. Dhan Charting Platform
Overview:
Dhan offers a modern broker-integrated charting system with TradingView and ChartIQ charts, optimized for retail users.
Key Features:
- Free access to TradingView/ChartIQ
- Real-time charts with order placement
- Custom indicators and templates
- Clean mobile & desktop interface
Pricing: Free with Dhan account
Best For: Traders who want solid charts and direct execution in one app
Comparison Table
| Software | Best For | Backtesting | Mobile App | Real-Time NSE Data | Price Range |
|---|---|---|---|---|---|
| TradingView | All-round charting | ✅ | ✅ | ✅ (via broker) | Free – ₹1,200/mo |
| Amibroker | Strategy development | ✅✅✅ | ❌ | ✅ (via data vendor) | ₹20,000+ (one-time) |
| Chartink | Stock screening | ❌ | ✅ (PWA) | ✅ (premium only) | Free – ₹780/mo |
| Spider IRIS+ | Pro Indian traders | ✅ | ❌ | ✅ | ₹75,000+ |
| MetaStock India | Institutional analysis | ✅✅ | ❌ | ✅ (with Xenith) | $59–$265/month |
| Fyers One | Free desktop trading | ❌ | ❌ | ✅ | Free (with account) |
| Dhan Platform | Mobile-first traders | ❌ | ✅ | ✅ | Free (with account) |
Final Thoughts
The best technical analysis software depends on your goals:
- For full-time traders & strategy developers → Amibroker or Spider
- For everyday chart users & swing traders → TradingView or Chartink
- For broker-integrated analysis → Dhan, Fyers One, or Upstox Pro
Make sure to factor in data speed, charting needs, mobile usability, and strategy requirements before finalizing your tool.
FAQs
Q1: Which is the best free technical analysis software in India?
A: TradingView (free version), Chartink, and Dhan offer great value at zero cost.
Q2: What software do professional traders in India use?
A: Many pros use Amibroker, Spider Software, or MetaStock for strategy testing and execution.
Q3: Do I need real-time data for technical analysis?
A: Yes, for intraday and short-term trading. EOD data is sufficient for long-term investing.
Q4: Can I use these tools on mobile?
A: TradingView, Dhan, and Chartink are mobile-friendly. Amibroker and Spider are desktop-only.
Q5: What’s the best software for backtesting in India?
A: Amibroker is the most widely used for accurate and flexible backtesting.
