Trailing stop in sharekhan?

Hi, can you people tell me how to place trailing stop order in sharekhan that is good for the day, and good for multiple days?

Thanks,

You can't place stop order that are open for multiple days in current Indian market. It is not supported by NSE.
To place normal stop order -
1) Enter Trigger price field as the price, if touched by market then it should activate your order or buy or sell.
2) Enter Limit price as the specific price at which u want to sell or buy. If you want to buy at whatever price available at that moment, then select market price instead of Limit price.

eg - if current price is 103.. and you want to place an order to sell if market falls below 99. To place this order
1) Select - sell order
2) Trigger price = 99
3) Limit price = any price less then 99 at which u want to sell the stock.. or u can select market price here

And thats it.

Happy Trading.

Thanks for the reply,
What you have mentioned is a normal stop loss order, its not a trailing stop order.

1. Stop loss -
sell order with ticket = 100
limit = 90
trigger = 91
trade will complete on ticker reaching 90.


2. Trailing stop -
sell order with 10% difference of ticker = 100. with or without trigger.
10% difference so limit = 90
when ticker moves up, the limit moves up too with ticker with 10% difference.
ticker = 200
10% difference so limit = 180
when ticker moves down, the limit will not change according to ticker.
ticker = 95
earlier limit from ticker 100 as it is = 90

trade will complete on downfall of ticker of more than 10%, below 90 at ticker 100, below 180 at ticker 200.

How to put the second order, trailing stop? is it supported by NSE/BSE in EQ?



regards

Automatic trailing stop orders are not supported by sharekhan. You have enter it manually. I don't think any broker in India is providing this feature so far.

Till that time, there is no other way but to manual trailing and place the order daily.

Happy Trading.

I guess the exchanges does not allow such a facility in India

Thats sad.

Anyway, thanks

Hi AW10,
Please correct me if i am wrong.

Suppose i have unit of L&T. Current price is LTP. 1560. now i want to add stop loss @ 1581. Then

i would select:

Order Type: Sell
Stop loss trigger price: 1581.00
Limit Price: 1575.00

Is it mean that when L&T reaches 1581.00 my trigger would be activated and when it fall down again below 1581.00 and if it reaches 1575.00 only then my unit would be sell.

Am i right?

Or it would sold when it reaches to 1575.00 because 1575 is less than 1581 so my sell order would execute as soon as it reaches to 1575 regardless of trigger price.

Please end my confusion friends.

Thanks,
Raj