How to place a Limit BUY/SELL order with STOP LOSS

[dp33770]

Hi All,
I trade in ICICI Direct. I have a basic question for Intraday. please help me

1.If CMP(Current Market Price) of a script say RIL is 1000 and I want to place a limit buy order for intraday such as I want to buy the share when it reaches at 1050.Can anyone tell me how shall I place a limit buy order for this in ICICI Direct?
When I gave the limt price as 1050 the order executed at CMP befoe RIL reacing at 1050.

2. Suppose the above order executed at 1050 ,Now I want to place limit sell order at 1070. and want to keep the stop loss @ 1040.
But in ICICI Direct when I give this limit sell order as limit price 1070 and stop loss 1040 it says stop loss can not be less than limit price..please suggest how to give stop loss for this.


Thanks in advance,
Deep

 

[sebastian20]

Hello deep, it would be good if you call the customer service to get your query answered, I'm sure you have ICICI customer service number.

 

[Nava]

Hi All,
I trade in ICICI Direct. I have a basic question for Intraday. please help me

1.If CMP(Current Market Price) of a script say RIL is 1000 and I want to place a limit buy order for intraday such as I want to buy the share when it reaches at 1050.Can anyone tell me how shall I place a limit buy order for this in ICICI Direct?
When I gave the limt price as 1050 the order executed at CMP befoe RIL reacing at 1050.

2. Suppose the above order executed at 1050 ,Now I want to place limit sell order at 1070. and want to keep the stop loss @ 1040.
But in ICICI Direct when I give this limit sell order as limit price 1070 and stop loss 1040 it says stop loss can not be less than limit price..please suggest how to give stop loss for this.


Thanks in advance,
Deep

Hi,

You have to place 3 different orders,

1. Place Margin buy order for Limit price 1050 with stoploss trigger price 1049 .

(If the price reach 1049 your order will be exceuted for price between 1049-1050).

2. Place Margin Sell order for Limit price 1070.

3. Place Margin Sell order for Limit price 1040 with stoploss trigger price 1039.

If any one of these sell order 2 (or) 3 is excecuted then you have to cancel the orther one.

 

[Thahir82]

Hi,

You have to place 3 different orders,

1. Place Margin buy order for Limit price 1050 with stoploss trigger price 1049 .

(If the price reach 1049 your order will be exceuted for price between 1049-1050).

2. Place Margin Sell order for Limit price 1070.

3. Place Margin Sell order for Limit price 1040 with stoploss trigger price 1039.

If any one of these sell order 2 (or) 3 is excecuted then you have to cancel the orther one.
Small correction in the 3rd ....Place Margin Sell order for Limit price 1039 with stoploss trigger price 1040.

 

[VIJAY Moharir]

With CMP 1000 why the buy is chosen Rs1040.

VIJAY Moharir