Lets say I have brought SBI stock today friday at 10.30am (T day) hoping that it will go up for next 20 days and for safety I also added a stop loss of 10 percentage to it. In India we get stock delivered by T+2 day so I will get my stock on monday(sat,sun holiday)
These are my scenario
These are my scenario
- Because of some out of control sitution SBI stock tumbles and falls below 10 percentage (assume 20% fall) of my stoploss at T(2:00pm today) or T+1 day. What would happen here?
- Whether the stop loss will automatically sell the SBI stock?
- What happens when stop loss hits at T day, T+1 day and T+2 day separately
- Do we have to pay any penalty for selling stocks(using stop loss) which are not delivered?