Nowadays everyone is interested in the stock market, you can feel it by the decreasing GDP of India but increasing liquidity in the stock market. But the stock market is no gambling, it includes chart analysis, understanding the business of the company, and the understanding of the market. FREE STOCK CHART ANALYSIS
Some people just open a DEMAT account (as it just takes 5 to 10 minutes in online broking apps) and buy stocks just by watching the price chart. But it is common sense that, that’s not the price chart that determines whether the price of the share goes up or down. So basically, most of the people don’t know why they think the price goes up or down and that’s what GAMBLING is.
Some people just take the advice of their friend, family member, or some YouTube market analyst, but that’s not how one should invest his hard-earned money on someone else’s beliefs.
There are lots of questions and mistakes that people do, but you are here to find a solution.
And the solution is, you should analyze the company by yourself, you should know what the company does, what are their future plans, who are the board members of the company, what the customers think about their product, what is the revenue of the company, how much liabilities or cash does the company have, etc.
Here are some factors based on which you can analyze whether it’s good to invest in a company or not.
So, some free stock chart analysis tools you can use are mentioned below.
FREE STOCK CHART ANALYSIS TOOLS
This is a website that lets you see companies’ price charts on a daily, weekly, monthly, and yearly basis. You can see a list of peers to the company you are interested in. You can see the financial statement of the company like its revenue growth, its income in the last 5 years.
- In the balance sheet section of this webpage, you can analyze the company’s assets and liabilities.
- In the cash flow section of this website, you can analyze the company’s in-hand cash.
- Further, you can read or watch the investor presentation of the last few years of the company.
There is also a paid section where some market analysts give you some advice about the stock you are thinking of buying.
2. TRADING VIEW:
This website is more of a stock chart analysis webpage. You can see the different types of price charts of the company, you are willing to buy stocks of.
- There are famous types of charts like candlestick and line chart.
- You can analyze the price chart with 1 min, 5 min, 15 min, and a day’s candlesticks.
- There are a lot of functions for the day traders to apply on the price chart and predict the ups and downs of price in intraday trading.
- There is also a paid version of this in which you can get experts advice on the price chart.
This website has a lot of features like you can see the price chart of various stocks. The important thing is you can analyze the cryptocurrency also. It is best for the market news. Market news is important, by them, you can analyze the reputation of the company you want to invest in. Read the market news daily and you will build an experience in understanding the market. It is the main skill of an investor.
This website is also for the market news, you can get updated by the Indian market as well as the global market by visiting the site regularly. They provide selective news according to the market movement or sensations. Even global markets affect Indian markets, if a product is in shortage globally, it will surely get a price hike in India. So, by getting updated with the global market you can get a step ahead with almost 90 percent of people in the stock market.
This website sorts stocks according to their sector, their market cap, and their change in volume. Suppose you analyze the market and get to know that pharma shares will go higher, so you can get all the pharma companies in this website by sorting the stocks according to their sector. Now you can compare all the pharma companies and select one for your investment. You can sort companies by their market cap, a large market cap companies have lower risk so, you can choose one for your long-term investment.