Good Till Triggered (GTT) Order
365-Day Validity
The order remains active until the set price is reached.
Target and Stoploss at one go
Set target and stoploss prices simultaneously, ensuring that you are covered regardless of market direction.
Set at Desired Price
Trigger and Limit prices for GTT orders can be set beyond the stock’s price band.
When to Place a GTT Order?
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When you want to buy a stock at a specific price.
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When you wish to sell stocks from your portfolio at a favourable price by setting both Target as well as Stoploss.
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When you buy stocks and want to set both Target and Stoploss upfront to sell them at your preferred price later.
Types of GTT Order?
Single order
Set a trigger price for buy/sell orders. If the stock hits the trigger price, the limit order will be sent to exchange.
One-Cancels-the-Other
Place both Target & Stoploss for sell order. If one executes, the other cancels automatically.
3-legged order
Buy a stock and simultaneously place a GTT sell order with predefined Stoploss and Target.
GTT vs Delivery
Offering
GTT
Delivery
Things to Remember
- Ensure Sufficient Funds for Buy Orders
GTT buy orders will be rejected if sufficient funds have not been allocated to your trading account at the time of order execution. - Free Quantity Required for Sell Orders
For GTT sell orders, there must be sufficient free quantity available. If the number of free shares is less than the sell order quantity, the order will be rejected. - Mandate Confirmation for Sell Orders (If DDPI not enabled)
If you have not enabled DDPI yet, please make sure to confirm the e-DIS mandate when placing a GTT sell order. Without mandate confirmation, the order cannot be executed.
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A GTT order remains valid for 365 days from the date of placement.
- The order will be executed automatically if the stock price reaches the set trigger price within this period.
- If the trigger price is not reached within 365 days, the order will become expired.
A GTT order remains valid for 365 days from the date of placement.
- The order will be executed automatically if the stock price reaches the set trigger price within this period.
- If the trigger price is not reached within 365 days, the order will become expired.
No, you do not need to allocate funds while placing a GTT request..
However, when the GTT order is triggered, you must ensure that sufficient funds or margin are available in your trading account to successfully execute the order. If funds are insufficient at the time of execution, the order may be rejected.
*Please note Brokerage would not exceed the SEBI prescribed limit.