What is a limit order?

A limit order allows you to buy or sell a stock or F&O (Futures and Options) only once it reaches a specified price. This order type gives you control over the trade execution price, helping you avoid buying at a higher price or selling at a lower price than desired.

How Limit Orders Work:

Buy Limit Order: Executes at the limit price or lower. For example, if you set a buy limit order at ₹100, it will only execute if the price drops to ₹100 or below.
Sell Limit Order: Executes at the limit price or higher. For example, if you set a sell limit order at ₹150, it will only execute if the price rises to ₹150 or above.

Note: A limit order is only valid for the day it is placed. If it does not execute by the market close, it will automatically be canceled.

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