Begginers clarification

Dear Friends,

Some one is recomending to :

Buy Stock "SX" between `X+8 and X+2 for a price target of X+20 in 1-2 weeks. Stop Loss = X on closing basis

Can some one explain what it actually menas? Does the Stop Loss = X applies to buy order. If yes than why the buy recomendation is between x+2 and X+6 why not X+0.25 or something like that.

Thanks

dear friend i think u are refering about buy above price think u take cmp as x and +6 as the differnce between cmp&recomended price in technical charts the buy above price is the price above the resistance level stoploss generallyplaced just below support price normally when a stock breaks a resistance levl it is a bullish sign&will bounce fast to a higerlevel&if it breach support level it will fall fast i hope i have explained ur doubts clearly

Hi Seetharam,

Thanks for the explanation. I think I got most of it. Taking the same example if I want to buy say 100 share how would muy order look like.

Thanks