Top Free Technical Analysis Tools for Beginners
Getting started with technical analysis doesn’t require expensive software. Thanks to modern platforms and mobile apps, beginners in India can now access powerful technical analysis tools completely free.
In this post, we list the top free technical analysis tools that are beginner-friendly, easy to use, and ideal for analyzing Indian stocks on NSE and BSE.
1. TradingView (Free Plan)
Why It’s Great:
TradingView is globally trusted and offers a free version with essential charting and indicators.
Key Features:
- 3 indicators per chart (free plan)
- Multiple timeframes and chart types
- Drawing tools for patterns and levels
- Watchlists and alerts (1 alert for free)
Best For: Charting, trend analysis, and mobile-friendly access
Platform: Web + App
Broker Integration: Yes (Dhan, Fyers, etc.)
2. Chartink
Why It’s Great:
Chartink is a dedicated Indian stock screener and one of the most loved free tools by swing and intraday traders.
Key Features:
- Live NSE stock screeners
- Create custom filters without coding
- Daily breakout and volume-based scans
- View charts with indicator overlays
Best For: Scanning stocks with technical filters
Platform: Web (Mobile-friendly)
Premium Option: For real-time alerts
3. Zerodha Kite
Why It’s Great:
Zerodha’s Kite platform offers built-in TradingView and ChartIQ charts with full access for clients.
Key Features:
- 100+ indicators
- Clean UI with chart-drawing tools
- Stock watchlists
- Order placement from charts
Best For: Zerodha users who want powerful charting at zero cost
Platform: Web + App
Free With: Zerodha account
4. Investing.com App
Why It’s Great:
A globally used platform that offers technical analysis, charting, news, and screeners for Indian stocks.
Key Features:
- Real-time NSE/BSE data
- Basic charts and indicators
- Stock alerts and portfolio tracker
- Economic calendar and news
Best For: Beginners who want analysis + news in one app
Platform: App + Web
Ad-Supported: Yes
5. Dhan Platform (Free Plan)
Why It’s Great:
Dhan provides TradingView and ChartIQ charts, even on its mobile app, with built-in trade integration.
Key Features:
- Advanced charts for free
- 100+ indicators and tools
- Fast mobile interface
- Live market depth and analytics
Best For: Traders who want an all-in-one chart + trading platform
Platform: Web + App
Free With: Dhan account
6. Moneycontrol Technical Charts
Why It’s Great:
Moneycontrol is one of India’s oldest financial platforms, and their technical charts offer a simple entry point.
Key Features:
- Candlestick & line charts
- Limited indicators (RSI, MACD, etc.)
- Easy to navigate for non-tech-savvy users
Best For: Beginners who want basic chart info without creating an account
Platform: Web
7. TradingView Public Library
Why It’s Great:
This is part of TradingView where users share ready-made indicators and strategies you can add to your free charts.
Key Features:
- Access to thousands of community-built indicators
- Pre-tested strategies for free
- Browse by popularity or tag (e.g., “India”, “breakout”, etc.)
Best For: Beginners exploring new ideas
Platform: TradingView Web
Final Thoughts
You don’t need to spend money to start learning and applying technical analysis. Platforms like TradingView, Chartink, Zerodha Kite, and Dhan offer enough features to help beginners grasp trends, use indicators, and find trade-worthy stocks.
Start free, learn consistently, and only upgrade when your strategy demands it.
Quick Comparison Table
| Tool | Best Use | Mobile App | Custom Scans | Alerts (Free) |
|---|---|---|---|---|
| TradingView | Charting & analysis | ✅ | ✅ (limited) | ✅ (1 alert) |
| Chartink | NSE screening | ✅ (PWA) | ✅ | ❌ (premium) |
| Zerodha Kite | Trading + charts | ✅ | ✅ (via Streak) | ✅ |
| Dhan | Charts + order placement | ✅ | ✅ | ✅ |
| Investing.com App | News + basic analysis | ✅ | ✅ (basic) | ✅ |
| Moneycontrol | Basic chart reading | ❌ | ❌ | ❌ |
FAQs
Q1: Can I trade directly from these tools?
A: Yes, TradingView (via brokers), Dhan, and Zerodha Kite allow order placement directly from charts.
Q2: Are free technical tools enough for beginners?
A: Yes. Most beginners don’t need advanced features in the beginning. These tools are sufficient for learning.
Q3: Which tool is best for NSE stock screening?
A: Chartink is the most beginner-friendly screener for NSE.
Q4: Do I need to install any software?
A: No. All these tools are web-based or available as mobile apps.
Q5: What’s the first indicator a beginner should learn?
A: Start with RSI, Moving Averages, and Supertrend for trend and momentum analysis.
