selling price...

hi

i have tried to sell my shares at a higher price then the current price and then got rejected by the exchange.....

In the remarks section it say's "RATE NOT OK TICK IS 5"

what does that TICK IS 5 means?

also is it possible to quote a price more than the exchange price for selling so that they can be sold if the share value gets there?

Thanks

hello...well you could set a limit to the price you want the stock to be sold and once the market price would reach that level, your stock would get sold automatically...similarly you could put like a stop-loss if you want to prevent major loss for any stock so when the market price goes down than your buy price, the stock would be sold once it reaches the stop-loss level..cheers!!!

Thanks Falfat