Limit buy/sell order

Trading
1

Will be grateful if anyone can help resolve this query.

Suppose there’s a scrip ‘X’ trading at 160 (LTP).

If I place a buy limit order at 150, the scrip will be bought approx 150 (when the price plunges down).

But what if I place the limit buy order at 170 (supposedly an important level for me), will the scrip be automatically triggered to be bought at 160 ? Or the system will wait till the price reaches 170 and then Buy order will be triggered?

2

yes, this

3

exchange will match whatever best price available below 170 or 170.

4

can you pls suggest how can i buy at 170 then in this scenario? any tool i can use? regards

5

If using zerodha you can use GTT order or SL-limit order.

6

You can use stop loss buy orders to buy above LTP, check this.

Try practicing with 1 share for few orders till you get the concept clearly.

1 Like
7

thanks man. this worked.