How does a GTT Order work?
A GTT (Good Till Triggered) order consists of: -
- Trigger Price: The price at which the order gets activated.
- Limit Price: The price at which the order will be executed.
- Stop-Loss/Target Orders: Optionally, you can set stop-loss or target prices.
When the trigger price is reached, the order is placed according to the limit price. If the order is not filled on the same day, it will need to be placed again.
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How to cancel an open GTT order?
You can cancel it from the Order book. Go to Order book – GTT --- Select your GTT open orders and cancel.
What is the GTT order?
A GTT (Good Till Triggered) order is a type of order that remains active until a specified trigger price is reached. Once the trigger price is hit, the order is placed at the limit price set by the client. GTT orders can be applied to various types ...
How to Place a GTT order?
GTT (Good till triggered) is a feature that allows you to set a trigger price, such that if your trigger price is hit on a future date, a limit order will be placed on the exchange as per the limit price and preset conditions set by you.
Can I place a GTT order using call & trade?
No, GTT orders cannot be placed via call & trade.
What are the requirements for placing a GTT Order involving demat account securities?
If you place a GTT order to sell securities held in a demat account, you must authorize the holdings using a NSDL TPIN. If the holdings are not authorized or the TPIN has expired, the GTT order will be rejected once triggered. Authorization is not ...