Conditional Limit Order
| What is it? | An order which gets executed only if certain conditions are met. |
| Why use it? | Gives you control over your prices and trades, potentially getting a better price than the current market price. |
| Example | You buy 10 shares of a company if its price reaches ₹100 per share. Once the price hits ₹100, the order becomes a limit order to buy at ₹100 or less. |
| Good to Know | If the trigger condition isn’t met, the order won’t go through. |
| Important | Ensure the trigger price is realistic and in line with your trading strategy. Your trade is placed automatically based on specific conditions. |
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