Comparison
Chartink and N.E.X.T are both used by Indian swing traders, but they solve different problems. One gives you a blank canvas to build any scan you can imagine. The other gives you a fixed process to follow every day.
By CA Devang Maheshwari · Updated 2 November 2026
Chartink is a popular Indian stock screener where you build your own technical scan conditions, with a large library of public user-created scans. N.E.X.T is a swing trading platform with a fixed top-down process: market direction, ratings for 65+ industries, and three focused momentum scans with pivots drawn on the chart. Choose Chartink to design your own scans, N.E.X.T to follow a defined process — many traders use both.
Build your own process, or follow a defined one.
Write your own scan conditions, or use public scans
Do you want to design scans or follow a process?
Market → industries → three focused scans
Neither is better in general — they suit different traders.
Chartink is one of the best-known stock screeners in India. Its strength is flexibility: you can combine technical conditions — moving averages, price levels, volume, indicators — into your own scan and run it across Indian stocks.
If you already have rules in your head and want to test or run them, that freedom is very powerful. Check their site for current plans and features.
N.E.X.T is not a scan builder. It's a top-down momentum platform with the process already defined: market direction first, then which industries are strong, then three focused momentum scans. As the homepage says: “Not 200 features. Not 30 scans. Only what matters.”
A daily read of whether the market supports swing trades, which decides how active to be.
N.E.X.T Momentum and Leading Industries show where strength is building across 2,100+ NSE stocks.
Follow Through Swing, 20 EMA Base and IPO Base — with pivots and reference levels drawn on the chart.
A Trade Journal with equity curve and time-weighted returns, a position-size calculator, and lectures in every plan.
| Chartink | N.E.X.T | |
|---|---|---|
| Approach | Build-your-own technical screener | Fixed top-down process |
| Scans | Custom scans you build, plus public user scans | Three focused momentum scans |
| Industry view | Depends on the scans you build | 65+ NSE industries rated for momentum |
| Market direction | Up to you to build or judge | Built into the daily workflow |
| On the chart | Charts to review scan results | Pivot and reference levels drawn for each scan |
| Learning | Learn from public scans and the community | Basic lectures in every plan; Advance Swing DNA lectures in Annual Pro or as an upgrade |
| Trade journal | Not its focus | Built in, with equity curve and position sizing |
| Suits | Traders who want to design their own scans | Traders who want a defined swing process |
Based on general, publicly known features. Check Chartink's site for current plans and features.
You enjoy designing scans, already have clear rules, want to explore many different conditions, or like learning from scans other traders share.
You want a defined daily process, care about market and industry context before stocks, prefer a few focused scans over many, and want your journal and lectures in one place.
Many traders use both
A common pattern: N.E.X.T for market direction, industry strength and the three focused scans, and Chartink for any extra custom conditions you like to run.
Flexibility is a strength, but it has a cost for beginners. With hundreds of scans available, it's easy to jump from one to the next and never learn how any single setup behaves in different markets.
A focused approach trades breadth for depth: fewer setups, studied properly, inside a market and industry context. Neither path is wrong — pick the one that matches how you like to work. Read more on how to find momentum stocks on NSE.
Chartink is a flexible screener where you build your own technical scans or use public ones. N.E.X.T is a swing trading platform with a fixed top-down process: market direction, 65+ industry ratings and three focused momentum scans.
Not exactly. N.E.X.T doesn't let you build custom scans; it gives a defined process instead. Many traders use N.E.X.T for context and focused scans, and Chartink for their own conditions.
It depends on how you learn. Beginners who want structure often prefer a fixed process with lectures, while those who like experimenting may enjoy building scans on Chartink.
Yes. N.E.X.T rates 65+ NSE industries using N.E.X.T Momentum and Leading Industries, so you can see where strength is building before looking at stocks.
Chartink has free and paid options, and plans change over time. Check their site for current plans and pricing.
N.E.X.T does not place orders or recommend stocks; it's for screening and review. Trades are placed through your own broker.
Watch the N.E.X.T walkthrough to see market direction, industry ratings and the three focused scans working together.
Get every guide in one PDF
The free NEXT Swing Trading Playbook — 11 chapters, charts and printable checklists.
Written by CA Devang Maheshwari — full-time swing trader for 8 years, founder of Equialpha and builder of N.E.X.T, the swing trading platform for Indian markets. About Devang