The article is the ultimate guide of Zerodha kite 3.0, a trading and charting platform of Zerodha (India’s No 1 Discount Broker). Here, you can do trading and charting analysis simultaneously. Previously, we’ve written an article on Zerodha kite mobile app. First, we will describe the tools and features in detail. After that, we provide a brief charting description here.
How to get Zerodha Kite 3.0 Platform?
Making a Profit is just one step away from you. If you still don’t have an account in Zerodha, open now and Start making a profit. Here is the LINK TO OPEN AN ACCOUNT WITH ZERODHA and get FREE access of ZERODHA KITE.
Many traders ask me the Zerodha Kite 3.0 download link for windows. There is a serious misconception among traders. Let’s begin with the features of the kite.
Zerodha Kite User Manual – Read Before You Start
Many traders who are trading in Zerodha and using the Zerodha Kite platform have hardly any idea about the Zerodha Kite user manual. You must read the user manual before you start using Kite as the user manual has covered the usage of Kite very extensively.
Where to locate the Zerodha Kite user manual?
See the image below. Open kite, login and then click on your client id on the extreme right top corner of the Kite screen. Once you click there you can see the option “Tour kite”. Click on it and the user manual will open in a new tab or window. The next window detail is given below.
Topics covered in the manual
It is extensively covered the following topics of Zerodha Kite.
- Getting started
- Kite Android
All the tutorials in the Manual are divided into short sub tutorials and have enough images, write-up, and videos to explain the usage of Zerodha Kite in a very neat manner.
Even if you are not a Zerodha customer, still you can get their user manual facility. The process to check their manual even if you are not a customer, given below.
If you are not a Zerodha customer you can also read the Zerodha Kite user manual by clicking HERE. You can also open a Zerodha trading account by clicking HERE or filling up the Join Zerodha form in the sidebar of this post.
Zerodha Kite 3.0 – Charting And Trading Combined
Zerodha’s new Kite offers you a brand new dashboard. Here you can see your account summary and scrips at a glance. Also, you can see your favorite scrip here and place a buy-sell order without adding it to the market watch.
Market Depth Window
First of all, I am going to cover the definition or function of the market depth window. This window is also referred to as the snap quote window. On Zerodha Kite one can get the market depth option with each selected script. Multiple MD windows can be opened in Zerodha Kite. Just move your cursor on the script you select, you can get the market depth besides buying and selling an option. It is an updated reflection of real-time market activity or an overall presentation of market movements. This window not only displays the overview of current market strength but also helps traders to evaluate the market activity.
In Zerodha Kite, the information one can get through the Market Depth window is bid price and offer price with orders and quantity. Along with this, open, high, low, close, the average price, volume, LTQ (last traded quantity), LTT (last traded time). In order to clarify the subject more easily, I am giving an image of the Market Depth window option from Zerodha Kite.
The above image is given here as an example. As you can see that besides B (buy) and S (sell) option you can find market depth windows. Step by step I am going to describe the available information in MD windows.
This refers to the price a buyer is willing to pay for a security at the bid price. The window shows the best five bid prices with orders and quantity.
The price at which sellers are willing to sell securities. MD displays the best five offer price as well with orders and quantity.
Therefore, the bid price highlighted in blue and offer price highlighted in red. As we can see in the above statement that the offer price is more than the bid price. I have already mentioned that the bid price refers to the buy price and the offer price is the selling price. Hence, when the offer price is more than the bid price that indicates the market is going down and when the bid price is up, the market is in a bullish trend.
From the other information like open, high, low, close, volume, LTT, LTQ traders can evaluate any security and analyze the price. It shows not only where the price is now, but where it is likely to be in the near future.
So, the Market depth window plays a significant role in the online trading account. Traders can fully utilize the option to monitor current market price movements.
Kite has an advanced order section. Here you will get different types of orders like MIS (intraday), CNC (Cash and carry), Market, Limit, SL, SL-M (Stop loss market), etc. Under the advance section, traders can get BO, CO which are described below. Apart from this, there are AMO (aftermarket order), IOC (immediate or cancel order), etc.
Bracket And Cover Orders:
We are really happy to finally see Bracket Order (BO) and Cover Order (CO) in the kite. Just open a normal order window and click on More Options to open the BO and CO features. For example, you want to buy Nifty at 7915 with a stop loss at 7900 (15 points) and a target at 7945 (30 points), than in price write 7915, in stop-loss write 15 and in square off write 30. Check the image below:
Holding & Positions Section:
Check your positions and holding in the single mouse click. Export to excel with ease. New Zerodha Kite 3.0 contains many useful features. The position shows the current profit-loss statement of daily trading. If you work with CNC (Cash and carry), your script will be shown on the holding section after 24 hours.
From the Terminal
Time needed: 5 minutes.
How to Transfer Funds in Zerodha Kite 3.0?
- Login to Kite and click on FUNDS menu
First, you need to login to your trading account. On the top right click on FUNDS among the menus. This will take you to the Funds page.
- Adding or withdrawing funds
You will be able to see two big buttons – ADD FUNDS & WITHDRAW. Clicking on ADD FUNDS will open another window where you will get options to add funds. In the ADD FUNDS page, you can put Payment Gateway/Bank, Segment (Equity OR Commodity), Account No and Amount In Figure (Rs.).
- Net Banking
If your bank account is linked to your trading account then the payment gateway and account number will be auto-filled once you select the mapped bank from the drop-down. Fill up the amount you want to transfer and click submit and you will be transferred to your net banking page where you can complete the transaction. Similarly clicking on WITHDRAW will take you to the page where you can choose how much money to withdraw from which segment (Equity OR Commodity).
From the Mobile App
If you want to transfer funds from Zerodha Kite mobile app you can access the Funds option by clicking on the top left menu option. Check the image below:
However from the mobile app, you can deposit funds to your trading account, but you will not be able to withdraw funds as of now.
Once you open the home screen, it opens with MarketWatch on the left and center of the screen is occupied with information on your balance in Equity and Commodity, how much has been used in trading, total account values in both the sections, margin used, realized a profit and so on. Above the center of the screen, there are buttons like Dashboard, Orderbook, Holdings, Position, Funds, Apps and your account besides buttons for add fund and withdraw.
To open a Zerodha Kite chart, one has to select a scrip from Marketwatch. On selecting the scrip, a drop-down menu appears and there is a chart button there. Select the chart button and there appear a few buttons to customize the chart. First is the time button to which you can adjust your preference for the time frame. The time frame appears in 1min (minute), 3min, 5min, 10min, 15min, 30min, hour, 1d (day), 1w (week), 1mo (month).
Features of Zerodha Kite 3.0 Charts
Web-based charts so can be accessed from PC, mobile and tabs. Out of any office firewall, so log in and see free real-time charts of your favorite scrip right from your office. Trade full time from your office. One single search box to right away hunt countless instruments and contracts over all fragments and trades. Stay informed regarding different instruments with spilling quotes and market profundity data conveyed with HTML5 WebSockets.
Moment warnings for order execution, cancelation, and modifications. Submit a request and sit tight for the orange dot! An undeniable RESTful API that uncovered every one of the platform’s functionalities. Put in, adjust, drop requests, force positions, property, and exchange data, oversee reserves, all with the straightforward HTTP API. Kite web adjusts to mobile screens while as yet empowering full access to every one of the platform’s elements.
Now we can get tick by tick, free real-time charts of NSE, MCX in Kite. Check the screenshot below for the Live Nifty futures chart.
Many studies to choose from. Get all major indicators, all candle types, Renko charts, range bar charts, super trend, pivot points, volume profile and many more. Check the screenshot below:
Different Types of Candles in Zerodha Kite 3.0
After you select the time frame goes to the display button to select the chart style and choose from Candlestick/ Bar/ Line/ Coloured Bar/ Hollow Candle/ Mountain/ baseline/ Volume Candle. In addition, there is a preference button for Chart Preference like Log Scale/ Continuous Scale. In the same menu, one can also customize the chart types from Heiken Ashi/ Renko/ Point & Figure/ Kagi/ Range Bars/ Line Break with settings button beside these. say one wants to set the range of Renko bars and wants to see the Renko Chart, whenever the setting button is clicked, a menu appears asking to put your preferred range or choose Auto Select to view it in default mode.
Zerodha Kite 3.0 chart also offers the Studies button which allows the user to choose from a big array of technical charts. Though we have shown two Supertrend Charts and imposed one on another, you can choose anything you wish and make a trading system from that, like DMA/ EMa crossover, Bollinger Bands, Keltner Channel, a combination of MACD and Williams%R, RSI – all at your own wish. One can also save chart preference or clear preference through View/ Layout button.
Candlestick Chart Pattern:
The pattern forms with different types of candlesticks. Each candlestick provides important information. It has a main body that indicates opening and closing price, use in two different colors to distinguish bearish candles from the bullish. Shadows indicate the high and low price for a specific period of time. There are lots of candlesticks pattern, you can find full description regarding candlestick chart pattern in our site.
Before the introduction of the candlestick, the bar chart was the most widely used chart pattern. It is a versatile and basic pattern. In this type, each bar represents a single unit in time, a min, an hour, a day, etc. Each bar consists of three parts such as the central line, the left mark or tick, the right mark/tick. It also refers to as OHLC charts (open-high-low-close). In this type, some charting application uses color to indicate a bullish or bearish trend. To clarify the chart pattern in an easy way I am going to describe the three components of a bar.
- The central line- The top of the vertical line represents the highest price of a security and the bottom indicates the lowest price trading.
- The left mark- We can see the opening price on the left side.’
- The right mark- The right side represents the closing price.
As I have stated above that certain charting application uses color to indicate a bullish or bearish trend. A colored bar has almost the same characteristics as a normal bar pattern. The only difference is the bar represents a bearish and bullish trend by application of two different colors. You can identify the trend more easily by following the pattern.
Line Chart Style:
The line chart style is slightly different from the bar and candlestick pattern. In the above two patterns, we can identify opening, closing, high and low prices separately but in the line chart style, we connect a series of data together to form a line. Unlike the other pattern, it only represents the closing price over a set period of time, doesn’t represent the visual information of the trading range. The advantage of the pattern is its simplicity, with a glance trader can get an overall view of the trend.
In normal candlestick when the candle is green or bullish, the close is higher than the previous close. A red candle defines a bearish trend where the close is lower than the prior close. Though color is not a factor, you can change the colors according to your wish. Now come to the hollow candle, a candlestick is hollow (white) when the close is above the open, bullish trend and filled when the close is below the open, indicates a bearish trend.
This chart appears like a mountain. It is a similar line pattern that the area under the graph is shaded in color. It doesn’t serve any additional purpose for the technical analysis. Like the line graph, it represents the closing price of a security. Mountain chart also refers to as area charts. The application of the style is useful for understanding fluctuation in prices more easily and prominent way. Financial newspapers also often use this specific pattern to their analytical report.
This is one of the most useful chart styles to read price fluctuation properly. You can change the baseline according to your demand. Just drag the baseline level according to you to get an accurate view of price movements. It appears like a line chart with a baseline. Due to the addition of the baseline, the chart becomes more prominent.
This candle is extremely useful in determining the strength of a trend. Increase volume defines the sustaining of the trend. Just like a normal candlestick chart it also has a filled or unfilled body with tails along with volume. This specific combination helps to study candlestick patterns in combination with their volume. Short candlestick indicates uncertainty while high volume indicates increased interest of the traders to exit or enter the position of any security. The trend might reverse.
These are some of the widely used different types of chart styles. By using these traders can analyze market movements and compare current price fluctuation with past data. The most primary objective before technical analysis is familiar with all the above charts to understand the market properly.
How to Open Multiple Charts in Zerodha Kite 3.0 in Single Window?
First of all, let’s get one thing clear that only kite users can access the multiple charts option and get the benefits. Only after login in Zerodha kite by id and password, the account will be activated. After activation of the account users can get facilities, provided by Zerodha.
How to Find the Multiple Charts Option?
- First, you have to decide on which stocks or securities you need to work on.
- Select the securities and add them to the market watch window.
- After adding them, also open the Chart option
- The up-right side of the Chart window, you will find Display.
- In the Display section, there are Multiple Charts.
For the understanding purpose, an image is attached below:
As you can see in the above attachment that there are two options under multiple charts, 2 Charts, and 4 Charts.
- When you click on the 2 charts options, a small window will be opened.
- There you can get the chance to select two stocks on which you want to work on.
- Make sure the stocks are already added to the market watch.
For example, here I added in Chart 1 Union Bank and in Chart 2 Federal Bank. After adding click on the Done button, a new window will be opened with 2 charts.
From the same window, users can change each chart’s settings separately.
In order to set 4 charts in a single window, users need to follow the same steps as 2 charts.
The process of setting the Multiple Charts in Zerodha Kite is quite easy. The facility is totally a useful concept.
Benefits of Using Multiple Charts in Zerodha Kite
- Traders can analysis a maximum of 4 securities in a single window.
- Less time consuming for monitoring the market.
- Intraday traders can get maximum benefits by using it.
- Users can easily compare 4 charts at a glance.
Recent Updates in Zerodha kite 2020
Zerodha has recently added some new features to its kite trading and charting platform. Among them, the best is now you need not open and close the charting platform for placing orders. Now you can place orders from the chart also. Moreover, you also need not place any price on it, just drop the order box on the chart and your price will be taken. Here, I will show how with live market examples, how you can do it so easily.
But before explaining the whole thing, let’s have a quick look at what new features zerodha get:
- Trading from the chart
- Candlestick patterns on the chart
- RSI divergence
- MACD divergence
- Stochastics divergence
- Stochastics RSI
- Central pivot range
- Anchored VWAP
- Adding indicators over other indicators.
- New drawing tools and more.
How to Trade Directly from the Chart?
At the top-right corner of your chart, you can find a trade option. By clicking on the trade options, a buy-sell window will be opened. You can directly place a trade order from your chart.
You can change the buy-sell order just by one click. Both CNC and MIS orders can be placed from the chart. You do not need to place the price of the stock. Just drag the box from where you want to buy or sell, and your price will be taken.
For example, I want to buy BPCL stock at a limit price of Rs.371.10. Now, the stock price is 371.80. So I drag the order box to Rs.371.10 and change the order type to MIS, put 20 quantity, and click on buy. Once the stock price reaches the level of Rs.371.10, the stock will be bought.
Now, after buying the stock, suppose you set a target at Rs. 375.35. On that level, you want to close your buy position. So drag the order window and set it there. Lastly, change your order type and quantity and click on sell. Your sell limit order will be set.
Benefits of Zerodha Updates
- During trading each second is important, you can save time by trading from the chart.
- The order placing process become less complicated with Zerodha kite. Smart trading access from the chart.
- No need to write down the price, just drag the order window and it will be automatically taken.
- Direct buy-sell order placement from the chart, can minimize the error making probability.
- You can plot all open and executed orders on the chart.
More features in Zerodha Kite 3.0:
- Introduction of many new indicators
- Advanced SuperTrend indicator
- Ichimoku indicator
- Volume profile
- Compare option between 2 stocks
- Kite connect option available for automated trading with Amibroker, Excel or Python
- Chart pop up option available for using multiple charts at a time
How to start auto trading in Zerodha Kite API?
Let us now discuss on how one can start automated trading with the Kite platform of Zerodha.
- Zerodha Kite API: You can use Zerodha Kite API also known as Kite Connect (programmatic access to trading). Kite Connect is India’s first market API for retail clients. Kite connect can be used by individuals, kite publishers (webmasters) and start-ups.
- Technical knowhow: You can trade with your favorite programming language Python, Java, PHP, NodeJS, C#, .Net, etc using Zerodha’s exchange approved HTTP/JSON APIs.
- Exchange approval: Clients do not need to take any approval from the exchange as Zerodha has already obtained all necessary permissions from the exchange.
- The cost involved: There can be some pre-fixed monthly expenses for using Zerodha Kite API.
API Documentation and Resources
There are few resources in Github for developers who want to use Zerodha Kite API. You can access the official Python client library for the Kite Connect trading APIs by clicking HERE. You can access the official Java client for communicating with Kite Connect API by clicking HERE.
Apart from the auto-trading usage of market data is also available using the Kite Connect API is possible for the developers. Still, the process is in a developmental stage. Zerodha is coming up with new features almost every day. We hope very soon the auto-trading and another programmatic usage of the Zerodha Kite API will take a proper shape.
Zerodha Kite FAQ
Zerodha is India’s topmost discount stockbroker. They started their operation in 2010 and have grown as India’s leading stockbroker in a short span of time.
Kite is Zerodha’s HTML5 based trading terminal. The kite does not require any installation. You can simply open kite.zerodha.com in your web browser and access Kite.
No, Zerodha Kite does not require any installation. You can access Kite through a web browser.
Yes, Kite can be accessed from mobile phones. Zerodha Kite has an android app and also an IOS app. In windows, phone Kite can be accessed through a web browser visiting kite.zerodha.com.
Zerodha Pi and Kite both are different platforms catering to a different set of people. Pi needs installation and hence requires a desktop or laptop, while Kite is lightweight can be accessed even from a tab or mobile phone and can be used on the go.
Yes, we can execute bracket and cover orders in the Kite platform. Yes, Zerodha Kite is completely free for the Zerodha users. To access this platform, you need to simply open a trading and Demat account with Zerodha and once your account is activated you can access it. Yes, we can execute bracket and cover orders in the Kite platform.
Yes, Algo Trading OR automated trading can be done in Zerodha Kite using Kite Connect API.
No, Zerodha Kite can be used even on 2G data.
Kite 3.0 Tutorial Resources On The Web
First and foremost my main motto of creating this blog is to provide all handy information about Zerodha Kite. So please check back this website often if you are looking for the Zerodha Kite tutorial. You can also add this website to your favorites if you wish. You can also ask me any queries on Zerodha Kite by commenting below this post. I will try to help as much as possible.
Next, you can also see my youtube channel as there also I upload videos frequently and many of my videos are on Zerodha Kite indicators and resources. To subscribe to my youtube channel please CLICK HERE. You can also comment below the videos of my Youtube channel. I try to connect with my viewers there too.
The next resource on the Zerodha Kite tutorial is the official ZERODHA ONLINE youtube channel. To visit the Zerodha Online youtube channel and search for “zerodha online” in the youtube search bar.
If you are interested to know more on Kite Connect then you should read the Kite Connect documentation first. It is the Zerodha Kite API for developers to trade on the kite from your favorite programs.
Zerodha Kite Login Issue
In order to run any software properly and in a genuine way, maintenance is required. Without maintenance, no software can go in a proper way. For Up-gradation purpose also client faces log in issue sometimes. First of all, in order to use the best tools and technology, clients must consider these small things. Secondly, whether it is a machine or software, each and every mechanism needs a break for better service. In spite of the services, connectivity problems occur sometimes.
In Zerodha also, clients sometimes face login issues for the above reasons. At that moment, clients can’t log in their Zerodha Demat account. Sometimes, trades also get canceled. For example, on 7th Jan 2019, Zerodha kite was closed for a few hours in the morning. After putting the password, the page displays “request failed”. A screenshot of kite log in interruption is given below:
How to Overcome the Zerodha Kite Login Issue?
Though the users get each and every update through message and mail from Zerodha, every client must be acquainted with the solutions of these problems. Generally, there are two solutions regarding it.
- First of all, if the kite is not working out, you may access the Zerodha Pi. The users must be familiar with the Pi platform. It’s similar to the kite along with equipped and strong charting software, buy-sell signals, tools, etc. Users of Zerodha kite may get FREE access to Zerodha Pi.
- Secondly, users can directly trade through the Zerodha broker over the call. For the execution of the trade, they must provide their ZPIN which they can get from the Zerodha Backoffice.
Various other Trading Platforms of Zerodha
Zerodha Pi is a windows based software and that needs installation. The download link of Zerodha Pi will be available in the trader’s back office only after his or her trading account is active. So for Zerodha Pi, a trader needs a windows desktop/ laptop/tab.
On the other hand, Zerodha Kite does not require any installation. You can access Zerodha Kite from any web browser. Simply write kite.zerodha.com and you are on the Kite start page. So you can use Kite on any desktop, laptop, tab where a web browser is available. We can use Zerodha Kite without any difficulty in Windows, Mac, IOS, Android, etc. Hence it is quite popular among traders who are on the go. You can use Zerodha Kite from your office too. Kite works well even on 2G data.
Overall Zerodha Kite 3.0 has a clear edge over other broker’s platform in the point that it can be opened from any web browser and android app OR IOS app. The charting and trading are possible even on 2G data, so even traders living in tier 2 cities can also start trading using this terminal.