What is the difference between Actual price, Absolute %, and Absolute value?
The pre-set option of Actual price, Absolute %, and Absolute value is to be set for placing Stop-loss/Take profit.
For example, HDFC Ltd is trading at ₹2346.35, and you’re placing a Bracket order to buy at the market. Let's say you’re expecting to sell it at ₹2360 (In the case of profit) or ₹2340 (In the case of losses) then you’ll be required to enter 2360 under Take profit and ₹2340 under Stop-loss.
Absolute % means the stop-loss and take profit are required to be set in the absolute percentage of the stock.
Let’s consider the same example mentioned above. In this scenario, you’ll have to enter the absolute % as in 4% under ‘Take Profit’ and 3% under Stop-Loss.
Absolute value means the stop-loss and take profit will be set in the absolute points.
As per the above example, you’re required to enter the absolute vaule as in 10 points under Take profit & 20 points under Stop-loss.
Related Articles
How to create and manage price alerts in FYERS?
Price alerts notify you when a symbol reaches a target you set. You can create alerts on the FYERS App and on the FYERS Web. The App form lets you base an alert on Last traded price (LTP) with either an absolute Price or a % of LTP. On Web, you ...How is the price movement calculated in FYERS?
On FYERS, price movement stats like Day, Week, Month, and Year help you understand how a stock has performed over various time ranges. These figures are automatically calculated based on the most recent Last Traded Price (LTP) and historical closing ...What do terms like Unrealised P&L, Invested value, and Current value mean?
The FYERS Holdings tab displays several key metrics that help you track your portfolio's performance. Understanding what each term means is essential for evaluating your investments accurately. Key Terms Explained Invested Value This is the total ...What to do when moving averages show a difference in value when plotted on a dual chart?
Sometimes, while using the dual chart view on FYERS, you may notice a slight mismatch in the values of the same moving average across both panels—even when the chart settings are identical. This discrepancy, though rare, is caused by how each panel ...How should I interpret changes in Open Interest alongside price movements on FYERS charts?
Reading Open Interest (OI) in conjunction with price trends on FYERS charts can help you gauge market sentiment more effectively. OI represents the total number of open futures or options contracts at a given time, and its movement alongside prices ...