Orders & trading
What is Limit order?
Hinglish mein padhein: Limit order kya hota hai?
A limit order sets the worst price you will accept: a buy limit fills at that price or lower, a sell limit at that price or higher.
You control the price but not whether the order fills. If the market never reaches your limit, the order stays pending until it is cancelled or the day ends.
Limit orders are useful for entering at planned levels and in stocks with wide spreads.
Related terms
- Market orderA market order buys or sells immediately at the best available price, trading certainty of execution for uncertainty of price.
- Stop-loss orderA stop-loss order automatically exits a position when the price reaches a trigger level, to cap the loss on a trade.
- Market depthMarket depth shows the best buy and sell orders waiting in the order book at different prices, with their quantities.