Need Suggestion for Trade Setup

General
1

Hello

Please let me know what will be the order setup for below.

If a share CMP is 10105

  1. I want to place a BUY Order when it goes up at 10117 with
    StopLoss: 10093 and Target: 10131

  2. And SELL Order when it goes down at 10093 with
    StopLoss: 10117 and Target: 10065

What will be Trade set up of above requirement? I do not want to generate BO (bracket order). Also I think there will be three orders each for both above.

2

SL buying order…r asking for any thing other

3

if u r not a beginer and tring to know extra …pl post clearly …

4

Yes, each of the above 2 scenarios will require 3 orders each.

Place a Buy SLM order with trigger price = 10117. Once this order is executed, place a Sell Limit order with limit price = 10131 and a Sell SLM order with trigger price = 10131. Please note that you have to place these 2 sell orders only after your buy entry order is executed first, otherwise if you place a Sell SL along with your Buy entry order, then the SL could get executed first too.

Place a Sell SLM order with trigger price = 10093 Once this order is executed, place a Buy Limit order with limit price = 10065 and a Buy SLM order with trigger price = 10117.

Place all of these orders in MIS.

1 Like
5

Thanks for the suggestion !!

You have suggested for Buy Order.
Place a Buy SLM order with trigger price = 10117. Once this order is executed, place a Sell Limit order with limit price = 10131 and a Sell SLM order with trigger price = 10131.

I think trigger price should be 10093 (just referring your suggestion for SELL order).

6

Sir,
AMO order with using MIS possible…