Buying within a range

Hello,

Suppose a stock is trading at Rs 100, and I'd like to buy a Qty of 10 shares through a market order but the buy price should not exceed 105 (i.e the buy price can be anything between 100 and 105 but not greater than 105), can I achieve this by placing a stop loss buy order with a SL price of 105 and buy price of 100?

Would appreciate some feedback
Thanks

Put a limit order @ 105.

If the current traded price below 105 it gets filled. In any case, it will not cross 105.

Limit order looks for buying the scrip if the scrip is available @ 105 or below.

You should not be suprised to see if your limit order grabs the scrips far below Rs.100/-. It sometimes happens.:thumb:

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Thanks a lot That was really helpful. Didn't know a limit- Buy order would also pick up stocks below the limit price. This would mean if I place a limit -sell order for 105 then it ensures a minimum sell price of 105 or more if there are higher bids right?