Before investing money in the share market, investors and traders need to know a lot of information about the stock. Investors and traders have been able to make very good returns from the stock market with the help of that information.
The information known by the investor is different, and the information known by the trader about a share is different. For example, before investing money in a stock, an investor searches for the company’s information about that stock whereas a trader can technical aspects of the chart that to analyse whether the price of the stock will go up or down.
Well, there are thousands of websites on the internet to know the information of this method. One of these websites is a website named Chartink which is used by more than 5 million traders and investors in India every day to analyze stocks on a fundamental level and technical level.
What Is Chartink?
What exactly is Chartink? Chartink is such a platform, on which traders and investors set some parameters according to their own strategies. The stocks in which the parameters of that strategy are matched give only those stocks in a list in a few seconds.
In this way, Chartink has many benefits for traders and investors.
- With the help of Chartink, a trader and investor saves a lot of time.
- Chartink increases the chances of making a good decision in a stock.
- Chartink helps traders to convert their trading career into automation.
- Chartink provides real-time data so that you can get to know it as soon as possible. In which stock breakdown is happening and in which stock breakout is happening.
- You can create a backtesting report on Chartink by setting the parameters of a strategy.
Chartink Free Vs Premium Review 2023
Chartink provides two types of plan charts to its users. Free plan in which users can use this platform in their trading career only by creating a free account on Chartink.
Chartink has another premium plan, for which users have to pay on a monthly basis.
But both plans are highly dependent on the user. As the user is of any kind. If the user is an investor, who needs to look less technical and more fundamental, the free plan is good.
If the user is a trader. For those who need technical data in real-time, then Chartink’s Parium plane is good for a trader.
Chartink Free Plan Review 2023
Chartink Free Plan, for market newbies and investors, gives great information about stocks, both at a technical level and a fundamental level. But there are many limitations in Chartink Free Plan. To use the free plan, all you need to do is sign up.
Chartink Free Plan Features
- There is zero fee for using the free plan.
- You can make different scanners for different strategies, there is no limit to making them.
- If the strategy is created according to the 15-minute time frame, then you can see the backtesting for the last six days.
Free Plan Drawbacks
- There is no facility for real-time data in any scanner.
- In the free plan, the data is retrieved after 4 minutes from the market time.
- Can’t monitor all scanners on the same page.
- Can’t get an alert for Algo and email.
- Can’t see more than the last 6 days’ data in backtest, if the time frame of strategies is below 15 minutes.
- Each scanner will have to be manually run for new results.
- Cannot add different watchlists for different scanners.
- Cannot create custom indicators to be used in the strategy.
Chartink Premium Plan Review 2023
To give access to Chartink Premium Plan, it charges some fees from its users on a monthly basis on a yearly basis. In Premium Plan, you get the best experience from the free plan.
To get access to Chartink Premium Plan on a monthly basis, you will have to pay Rs 780. And if you decide to buy a one-year plan, then the one-year plan is slightly cheaper than the monthly plan. To get access to Chartink Premium Plan for one year, you will have to pay Rs 8500.
Chartink Premium Price
Chartink Premium Plan Features
- There is no limitation on making scanners.
- You can do backtesting of a strategy for the last 3 months.
- Auto refresh facility is available.
- By enabling the alert in the scanner, you can use that alert in many ways.
- You can get automated orders to hit on the broker by using alerts.
- Real-time data is available, when there will be a breakout and breakdown in the stock, you will know as soon as possible.
- You can make custom indicators and use them in the scanner.
- You can monitor all the scanners on one screen by adding them on one page only.
- You can add different watchlists for different scanners.
- You can view live charts of stocks and indices.
Conclusion
If you want any data after the market is closed. Chartink Free plan is best for swing traders and investors. If you are a trader who needs real-time data in the open market, then Chartink Premium is the best choice for the trader.
Also Read -: How To Create Stock Trading Near Day High Screener Chartink
