target trigger???

H

hbkhrushikesh

Member
#1
#1
Hi All,
I am new to trading. I was wondering, just as there is a provision for stoploss in order to prevent heavy loses....... is there a provision to sell the shares automatically as they hit the target price ( to get the profit without getting greedy!!!) my broker is icicidirect.

Rishi
 
sriniurs

sriniurs

Member
#2
#2
You can place order for target price,but you have to manually cancel the stoploss order. one order cancelling the other order is still not possible in Indian market:(.
 
H

hbkhrushikesh

Member
#3
#3
Hi sriniurs,

mate I am not sure if I follow your advice. What I am asking is.... just like after we put in a stoploss value, the sale happens automatically when the share drops down in price to the stop loss level. We dont have to monitor it. In a similar fashion, is there any provision, to set a target value ( higher then the cost price) for the sale of share so that if the share its that value its sold automatically, thus ensuring profits for me, even if I am not monitoring the market at that time.

Hope this makes the Q clearer then it was in my previous post.

Thanks all in anticipation.

Rigards,
Rishi
 
sriniurs

sriniurs

Member
#4
#4
well, example: if you buy xyz for 100 and want to sell it at 110 for profit and give stoploss order at 90, then first get confirm order for 100 buy price, then enter target order for 110 and stoploss order for 90, you have to monitor the market. when one of the order is taken then you have to manually cancel the other order
 
M

maneesh007

New Member
#5
#5
Hi Rishi,
Yes bro, it's possible to use the feature of stoploss to protect ur profits also, it's just a feature and u can use it to ur convenience.

warm regards

Maneesh Bhardwaj
 
H

hbkhrushikesh

Member
#6
#6
Hi All,
first of all thanks for your time!!!
I am a total newbie.... plz pardon me of this sounds stupid.... but I havent found the target order button.... is it on the page that you use to buy stocks ( i know the stop loss button on that page .....may be i saw it cause i was looking for it...) will search ofr the target order button.

Can any one please advice how to manually cancel the other order??? and why??? i mean if i dont have ne stocks ( as they will be sold due to one of the orders) how will the 2nd order be executed???

thanks and regards,
Rishi
 
P

pkamalesh

Well-Known Member
#7
#7
hbkhrushikesh said:
Hi sriniurs,

mate I am not sure if I follow your advice. What I am asking is.... just like after we put in a stoploss value, the sale happens automatically when the share drops down in price to the stop loss level. We dont have to monitor it. In a similar fashion, is there any provision, to set a target value ( higher then the cost price) for the sale of share so that if the share its that value its sold automatically, thus ensuring profits for me, even if I am not monitoring the market at that time.

Hope this makes the Q clearer then it was in my previous post.

Thanks all in anticipation.

Rigards,
Rishi
Click to expand...
As far as i knw there is no such provision as of now...Coz no one is sure if ur target is goin to be achieved..they have a SL order coz they are pretty much sure abt that..LOL..buddy as some members have already suggested u need to keep modifying ur order to higher levels once the stock keeps moving towars ur target...placing a target order at 10 am and comin back at 3.30 to see the profits??? It not that simple mate..just kep observing the movement of a few stocks..ul understand...All the best..
 
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