General

What is Trigger price & Limit price in a GTT request for stocks?

Trigger Price: The price at which your GTT request gets activated, and an order is sent to the exchange.

Limit Price: The price at which your order will be placed at the exchange once the trigger condition is met.

Example:

You buy Stock XYZ at ₹500 and place a GTT Stop-Loss Sell Order with:
Trigger Price: ₹480
Limit Price: ₹475 (you can edit the limit price before confirming)
When the stock price reaches ₹480, a sell order is sent to the exchange with a limit price of ₹475. This ensures that your order is not executed at a much lower price during sudden market fluctuations, helping to reduce slippage.

Similarly, for a Target Sell Order, you can set:
Trigger Price: ₹550
Limit Price: ₹555
If the stock hits ₹550, a sell order will be placed at ₹555 to book profits.