1) For Buy and Sell:
a) ICICI BANK is trading at Rs. 280.55 at 10:35 AM. I feel that price may go up.
b) So I am buying 100 Units at Rs. 280.60 in Limit Price Mode. My target is 290 plus.
c) But for a safe side i don't want to loose more than Rs. 5/- a share.
d) For that I am placing a Sell Order in Stop loss mode. With Sale Price is 274.50 and trigger price is 274.95.
e) I am choosing these values because, Round values are always strong. My guess is if it breaks 275 it may go further down. So I am using 274.95 as trigger price instead of using 275.
f) For selling price i have give Rs. 274.50, reduced 45 Paise from the trigger price. Because when the price falls to 274.95 an sell order is placed immediatly for 274.50
g) It would help us if the price reduces fastly.
h) If the price crosses to 290 i would happily cancel the stop loss order and place a sell order for 290 and above.
Step One -- BUY ORDER -- Buying – 280.60 Limit Price
Target Price – 290
RISK = -5
Step Two – SELL ORDER -- Market Price - 274.5 and Trigger Price 274.95
2) For Sell and Buy:
a) ICICI BANK is trading at Rs. 280.55 at 10:35 AM. I feel that price come down.
b) So I am Selling 100 Units at Rs. 280.60 in Limit Price Mode. My target is 270 plus.
c) But for a safe side i don't want to loose more than Rs. 5/- a share.
d) For that I am placing a Buy Order in Stop loss mode. With Buy Price of Rs. 285.50 and trigger price is 285.05.
e) My guess is if it breaks 285 it may go further up. So I am using 280.05 as trigger price instead of using 280.
f) For selling price i have give Rs. 285.50, Increased 45 Paise from the trigger price. Because when the price increases to 285.05 an buy order is placed immediatly for 285.50
g) It would help us if the price increases fastly.
h) If the price drop to 270 i would happily cancel the stop loss order and place a buy order for 270.
Step One -- SELL ORDER – Short Selling – 280.60 Limit Price
Target Price – 270
RISK = 5
Step Two – BUY ORDER -- Market Price - 285.5 and Trigger Price 285.05
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