What is Trigger-Limit/Stop-Limit Order and how to place it on Fyers Web?
Trigger-Limit/Stop-Limit Order (previously known as Stop-limit order) is placed at a particular price with a range. Buy trigger-limit orders are to be placed above the current market price, and Sell orders are to be placed below the current market price with a desired range.
Go to the scrip you wish to place an order in and click on the Blue (Buy) or Red (Sell) button as highlighted below for the order panel to pop up:
Enter the desired quantity, tick the box ‘Trigger Buy/Sell,’ enter the trigger price, limit price, and click on ‘Buy’ as displayed in the image below:
For instance, Ms. Y, a client of Fyers, wants to Buy HDFC (LTP 2237.95) at 2238, i.e., above the current market price, she needs to place the Buy Trigger Order at 2238 and limit price at 2238.05 as shown in the image below:
On the contrary, if Ms. Y wants to place a Sell order at 2200, i.e., below the current market price, she needs to put the Sell Trigger order at 2237.9 and enter the limit price at 2237.85 as shown in the image below:
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