Intraday stock trading is one of the most efficient sources to earn a significant income. However, it demands keen skills and attention to detail due to its risky nature. The lucrative nature of intraday trading becomes a trap for many traders. SEBI study reveals that 70% of the intraday equity cash traders have faced losses. However, these can be avoided by using efficient strategies and tools. 

This blog discusses one such efficient tool – the intraday stock screener. Read further to learn about the tool, its significance and some of the top intraday screeners available for usage.

What are stock screeners?

Stock screeners are software that scan and filter stocks as per a given set of rules. As of March 26, 2025, there are over 4,143 stocks listed on the Bombay Stock Exchange (BSE), and over 2985 stocks are traded on the National Stock Exchange (NSE), which makes it impossible for a trader to manually go through all of these stocks on a daily basis. 

The intraday stock screeners help traders increase their efficiency by saving them time and effort to manually go through stocks. For example, a stock screener can go through all the listed companies to find those stocks that are trading at their 52-week high price with a 1-month high volume.

An interesting read: Intraday vs delivery trading: Unravel the key differences and similarities 

Why are intraday stock screeners essential for traders?

Tracking market prices and collecting information about the stock is crucial for grabbing the potential trade opportunity. However, aspects like human error, limited scope or time can hinder this process. Intraday screeners help integrate such information in one place and save time and effort for the traders.

Moreover, prices fluctuate at every fraction of seconds in the stock market. Screeners for intraday trading help analyse and make informed decisions for successful trading.

Also read: The advantages of using a weekly chart

Top 5 intraday stock screeners in India

There are some of the most popular and used intraday screeners in India.

Chartink

Chartink software helps traders screen and filter stocks based on a wide variety of customisable aspects. This platform allows traders to create custom real-time scan formulas using different technical indicators to create trading strategies. 

Some of the features of this platform are: 

• Fundamental scan – Allows multiple fundamental aspects to be combined to form a single stock screener. These fundamental aspects include EPS, sales growth, etc. 
• Technical scans – Allows the use of technical indicators to filter stocks based on price, volume, and other technical indicators in real-time.

This software comes with built-in indicators and customisable indicators that can filter stocks based on a wide number of selection criteria. It is one of the most widely used real-time software screeners for intraday trading. 

Screener.in

Screener.in is a stock screening software that is mainly used for filtering stocks based on fundamental aspects. But this software is gaining popularity among intraday traders also. This software provides a mix of fundamental and technical indicators that allows traders to find fundamentally good stocks with short term technical trading opportunities.

Some features unique to this software include:

• Famous methods screeners: Screener. in has stock screeners based on popular methods used by professional traders. These screeners have been adopted from famous books on trading and investing. For example, Coffee Can Portfolio is based on the book Coffee Can Investing. 
• Customised fundamental screens: This software also provides a wide range of customised fundamental indicators that help traders in finding stocks according to their personalised needs. 

This platform does not have real-time market scanners. So, intraday traders might have to use stock alerts along with this software. 

Trendlyne

Trendylyne software can prove beneficial for intraday traders who are extensively using Technical analysis tools like price breakouts, volume breakouts, technical indicators, breakouts, crossovers, etc.

Some features that are unique to this platform are: 

• Real-time technical analysis screener: This platform provides a real-time screener for technical indicators like moving average crossovers and other technical analysis indicators. 
• Real-time breakout screener: This platform provides an extensive range of real-time price breakout screeners. For example, a breakout of price above key technical levels, a breakout of volume. 

Additionally, this platform has screeners for intraday stocks with rising and falling open interest in futures and options segments. 

Stockgro

Stockgro platform provides AI-driven candlestick pattern detection for intraday traders. This screener scans stocks for the formation of candlestick chart patterns on the five-minute chart. This saves traders a lot of trouble by going through a large number of stocks manually to detect candlestick patterns. 

Some features unique to this platform are: 

• User-friendly interface: The Stockgro software has a user-friendly interface that does not require a trader to be a professional. This tool can be used by beginners with ease. 
• Price and volume screeners: Stockgro also provides traders with a wide range of price and volume scanners that use price and volume information to filter stocks in real-time. 

This platform can be appropriate for beginners who are just starting out at trading because this platform also provides a virtual trading feature where beginners try their hands on trading using virtual currency before risking real money. 

Tradingview

The Tradingview platform provides a screener for stocks based on real-time technical indicators and fundamental aspects. These screeners help traders find intraday stocks by filtering and screening stocks on a wide range of technical and fundamental aspects. 

The unique features that Trading View provides its users are: 

• Global markets: It provides access to global markets. Unlike all other screeners, this platform has data for listed stocks of all the countries. 
• Timeframe adjustment: Tradingview screeners have an option of adjusting the timeframe. For example, you can track a real-time breakout of price above 200 EMA on different timeframes like 5 5-minute chart, 1-hour chart, 1-day chart, etc. 

Tradingview stock screener can be helpful for intraday traders as well as seasoned long-term traders. 

Also read: Technical Analysis Tools: Uses, and Examples Explained

Key features to look in an intraday stock screener

Some of the most crucial features of a suitable intraday stock screener would be as follows:

• Real-time market data and its accuracy.
• Available technical indicators like relative strength index(RSI), moving averages, etc.
• Asset categories in the scope of the screener. 
• Simplicity in operating the intraday screener software.
• Other facilities like market news, customisation, etc.

How to choose the right stock screener for your trading style?

Before selecting an intraday screener, traders should understand their own trading style, preferred assets, strategies, etc. An intraday stock screener should have at least the basic features frequently used by the trader and present accurate market data. 

Therefore, one can analyse different available screeners and their features. Moreover, a trader should also check the reviews of other traders using the software. 

Common mistakes traders make while selecting the stock screener

Here are some of the aspects that traders should avoid while selecting a suitable trading screener:

• Negligently following other’s reviews without personally analysing the software. 
• Over focusing only on trading indicators available.
• Not comparing other available options for screeners.
• Missing analysis of personal trading style and scope.
• Not prioritising the simplicity of the tool.

Bottomline

An intraday stock screener is an essential tool for traders to evaluate real-time market data, filter stocks, analyse price actions and simplify the process. Therefore, it is important to explore available software for intraday screeners. Traders can check the required features, and compare and select the most suitable one.

FAQs

1. Can stock screeners guarantee profits for intraday traders?

No, screeners do not guarantee a profit. The stock screeners help traders filter stocks based on a given set of rules. This can help traders increase their efficiency, but there is no sure profit. There should be proper risk management and proper analysis on the part of traders. 

2. Which stock screeners can be most beneficial for intraday traders? 

Trendylyne and Stockgro can be the best for intraday traders as they offer real-time price breakouts, volume alerts, and AI-driven candlestick pattern detection to identify quick trading opportunities. These screeners can help increase the efficiency of intraday traders.

3. Can long-term investors benefit from the use of stock screeners? 

Yes, long-term investors can also use stock screeners to find stocks for their research. Instead of going through thousands of listed stocks, long-term investors can put their stock-picking conditions, like earnings growth, profit margins, debt-to-equity ratios, etc., in a stock screener and can obtain a list of stocks as per their requirements. 

4. Can stock screeners help in reducing trading biases? 

Yes! Stock screeners apply objective filters based on data, helping traders avoid emotional or biased decisions. Instead of picking stocks based on gut feeling or past favorites, traders can focus on real opportunities that match their strategy. This approach keeps emotions in check and improves decision-making with facts, not assumptions.

5. Are AI-driven stock screeners more helpful than traditional stock screeners? 

AI-driven screeners like Stockgro that automate pattern detection and adapt to market conditions, making them useful for quick scans. However, traditional screeners offer more customisation, allowing traders to fine-tune strategies. AI can enhance efficiency, but experienced traders often prefer manual tweaks to maintain control.