Hi dharma
To successfully place the order with trigger price, first you need to understand it, what is trigger price.
It works like this,
Suppose you have a 100 Nos of XYZ Co share, which you have purchased @ 80 Rs. and its current price is 100 Rs. Now suppose you know that its immediate support is 97 Rs. Means if stock fall below 97 it may be reach to its next support point let say 90 Rs.
Now if you dont want to run your profit below 97 Rs. then you have to place order with trigger price 97 Rs. and limit price is 97 or below 97 (please note that you cant place limit price above trigger price) in above case you cant place limit price above 97, it must be 97 or less then 97.
Same way while purchasing of stock above condition can apply, suppose you feel that XYZ Co, which is trading currently at 100 Rs. having immediate resistance is at 102 Rs, and if it break this level then it may be go toward new high of 110 Rs, so if you want to buy a stock once it cross 102 level, then place buy order with trigger price 102 and limit price should 102 or ABOVE 102 (in buy order if you are giving trigger price then limit price must be grater then equal to trigger price)
I hope from above two example you can understand the procedure of placement of trigger price.
Thanks !! and happy investing
Kalpesh
