Friends,
I am using sharekhan for trading ( new to this )
I used the classic trade option to sell shares recently.
I need clarification on placing sell order with stop loss
(eg)
Assuming RPL is trading at Rs 115.
If i want to sell RPL Only if it trades above Rs 120 & I have place a stop loss of 110.
(i.e) if trading price falls below 110 it has to be sold.
Here in screen we have limit order option.
selecting this, then we have 'Stop loss trigger price' and limit price entry boxes.
I want to know where these values has to entered?
What really here means these trigger price & limit price ?
in the website help they have given
I am confused how for sell order limit order is less then trigger price.
Kindly clarify
I am using sharekhan for trading ( new to this )
I used the classic trade option to sell shares recently.
I need clarification on placing sell order with stop loss
(eg)
Assuming RPL is trading at Rs 115.
If i want to sell RPL Only if it trades above Rs 120 & I have place a stop loss of 110.
(i.e) if trading price falls below 110 it has to be sold.
Here in screen we have limit order option.
selecting this, then we have 'Stop loss trigger price' and limit price entry boxes.
I want to know where these values has to entered?
What really here means these trigger price & limit price ?
in the website help they have given
- For a Buy order, the limit price must be greater than or equal to the trigger price.
- For a Sell order, the limit price must be less than or equal to the trigger price.
- For a Sell order, the limit price must be less than or equal to the trigger price.
Kindly clarify