What is a limit order?

What is a limit order?

A limit order is a type of order to either buy or to sell a security at a specified price. The order will either get executed at the limit price mentioned by you at the time of order placement or would not get executed at all. If the price does not reach the limit price, the order will remain pending until cancelled at the end of the day.
    • Related Articles

    • What is stop-limit or trigger-limit order?

      A stop-limit order is a conditional order placed at a specific price with a range. It is an extension of the stop/trigger order where buy orders are placed above the market price and sell orders are placed below the market price. But unlike a stop ...
    • What is the effect of a limit order?

      Limit orders get executed only at the specified price and will remain pending until that price is reached. Sometimes, these orders may not get executed at all.
    • What is a trailing stop-loss order?

      A trailing stop limit order is designed to allow an investor to specify a limit on the maximum possible loss, without setting a limit on the maximum possible gain. These orders continuously recalculate the stop-loss price at a fixed amount below the ...
    • Is there a limit on my futures order size on NSE?

      Yes, the futures order has two criteria that need to be met: 1) Price Limit – In the case of stock futures, the price has to be within the range of +/-20% of the previous trading day’s closing price. In the case of index futures, the price has to be ...
    • What is a stop-loss order?

      It is an order to exit an open position when it reaches a specified price. These orders are designed to limit the investor’s loss.