How to Set Up and Use Watchlists in Your Demat Account App

If you are keen to open a demat account in India, you must learn how to use a demat account app. Basically, when you open a demat account, your broker allows you to use his demat account app to execute transactions.

You can execute transactions on a broking app the way you do on a broker’s website. However, an app provides you with a lot of convenience because it allows you to trade using your mobile-phone.

One of the best features of a trading app is that it allows you to set up a watchlist of stocks or assets that you are keen on. So, let us learn how to set up and use a watchlist in your demat account app.

Follow these steps to set up and use watchlists in your trading app:

1. Install and open the app: The first thing that you have to do is install and open the demat account app on your mobile phone.
2. Log in to the app: Then, you need to use your credentials to log in to the demat account app.
3. Go to the “Watchlists” section: Now, you have to find a section called “Watchlists.” Some apps may call it “Watchlists” and some may call it something else. In case, you are getting confused and are unable to find watchlists on your app, you must call the customer care team of your broker.
4. Create a new watchlist: Once you know where the watchlists section is on your app, you should create a new watchlist of stocks that you are keen on. Depending upon the kind of stocks in your watchlist, you can give it a name. For example, if you have created a watchlist of banking stocks, you can call it “Banks.”
5. Add stocks to your watchlist: Having created a watchlist, you should add stocks to it. You should be able to add a stock by finding its name or symbol. Use whichever option works for you. However, you should ensure that you add exactly the stock that you want to add. This is important because many stocks have similar-sounding names.
6. Track a stock’s performance: You only have to click on your watchlist to see how a stock has performed since you added it to the watchlist. Tracking stocks will help you decide whether you want to buy, hold, or sell them.
7. Create alerts: You can also set alerts that can help you make decisions. For example, a price alert will prompt you to take action when a stock’s price hits a threshold.
8. Analyse stocks in your watchlist: Many demat account apps provide tools like charts and indicators that can help you analyse stocks in your watchlists.

You can follow the steps explained above to set up and use watchlists on a demat account app. That said, you need to select an app wisely. Before selecting an app, you need to open a demat account with a reliable broker, who has an app that meets your requirements.

Bajaj Broking’s app is preferred by many traders because it helps them create and manage their watchlists easily. Its intuitive and easy-to-use interface allows them to navigate from one screen to another. On Bajaj Broking’s app, you can follow the above steps to create and use watchlists and manage your investments seamlessly.

Conclusion

Creating and using a watchlist on a bajaj demat account app can help you efficiently manage your investments. With a watchlist, all you need is a mobile phone, which will allow you to see how the stocks you are keen on are performing. Besides, tools like charts and research reports will help you make well-informed decisions.

Read Also: The Benefits of Real-Time Notifications in Demat Account Apps