What happens when the GTT entry price is breached?
When the pre-conditions are met, the order is placed on exchange.
However, note that the trigger set is valid only once. So if the order is placed at the exchange and didn’t get execute for any reason, the GTT has to be placed again by you.
Related Articles
What are the conditions for Entry Price?
There should be a price gap of at least 0.5% between Last Trade Price (LTP) and Entry price of any leg of GTT. There should be a price gap of at least 1% between both legs of GTT if OCO GTT is being placed along with normal order. Relation between ...
What is GTT?
Good - Till Triggered (GTT) orders are basically a price alert based order placement or trigger based orders. When a pre-set trigger (Entry Price) is breached, only then the order is placed with exchange to execute the order.
What are the types of GTT?
There are two types of GTT orders - Single – Only 1 Entry Price is required with the order Price and Quantity. OCO (One Cancels Other) – 2 Entry Prices are required with the order Price and Quantity (Can be considered as 2 legs). When any one of the ...
Why use GTT?
You don’t need to monitor prices daily You can set trigger prices outside the current circuit limits (DPR) of the stock You will be notified when the entry price has been breached and the order is sent to exchange
What is CMS entry ?
Post the Cheque CMS entry is made kindly check the CMS page whether the same has been accepted or rejected. If rejected, kindly refer to the reason for rejection and take corrective action and re-upload the CMS entry with valid details. While ...