If you are trading this intraday using MIS then place a sell limit order at 640 for the target. When price crosses 633 and goes towards 640, then place a sell SLM order with trigger = 633 to prevent further loss in profit.
You’re still confused. What you did above is incorrect.
A SL order will not work as a target and stoploss order in one. It is only a stoploss order. To sell at 340, you have to place a sell LIMIT order.
As for the stoploss you to place at 335, only if the stock price crosses 335 will you be able to place a sell SL order at 335. Sell SL orders are intended to be placed below CMP, so you have to wait for CMP to cross 335.
I am new here, have just started trading. I want to just ask with an example.
Say i have purchased ITC at 10 and put up a target of 20 with a stop loss of 7 and trigger price of 8.
Two queries here.
Is it necessary to set a trigger price for activating a stop loss order. Or Setting a sell order with a stop loss would be sufficient.
If the price is wandering near 18 and i thought of changing the sell order to 25 and also considering a decent profit, i want that order gets executed when it touches 15. So what i do here is - target changed to 25, Stop loss would be 15 and trigger price 16. Will it be Ok??