General

What is Single trigger type in GTT?

A Single Trigger GTT request allows you to set one trigger price for a buy or sell order.

• Once the stock reaches the set trigger price, a limit order is placed on the exchange for execution.
• Unlike the OCO (One Cancels Other) trigger, which requires both Stop-Loss and Target prices, a Single Trigger only requires one price condition.

Example:
You want to buy Stock XYZ, which is currently trading at ₹500, but you prefer to buy it only when the price drops to ₹450.

• You place a Single Trigger GTT Buy Order with a trigger price of ₹450.
• If the stock price reaches ₹450 within the 365-day validity, a limit order is sent to the exchange.
• If the stock never reaches ₹450, the order remains active until it is canceled or expires.