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I have 50 shares of rain industries i bought it at 357 now the market price is 378.45, i would like to sell it if it goes below 378 also if it reaches 400. how can i place such an order?
should i use this option in my trading platform? see screenshot if yes How to use this option?
Available options on my platform:
Normal Order
Bracket Order
Bracket+Trailing Order
You would place a conditional order with a stop loss at 378 and take profit limit order 400.
The stop loss will only be triggered if prices fall to or below 378 and the take profit order will only enter the market if your profit target of 400 is reached. If either order is triggered then the other order will be automatically cancelled.
Also, if the price does go further up you can amend your order to move the stop order higher so it keeps trailing the most recent high until it hist 400.
