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ICICIdirect Account Opening
ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 5 minutes from sell orders + Free trading tips. Open Instant Account Now
The ICICI Direct Price Improvement Order helps you to get a better price while buying and selling in a highly volatile market. It uses an auto-trailing stop loss facility. The system automatically updates the Stop Loss Trigger Price and Limit Price based on the price movement. This dynamic pricing ensures better profits from the trade.
This feature allows you to place orders with an auto-trailing stop loss facility where the stop-loss price for your order would decrease automatically with the fall in market price. If the market rebounds upward, then your order will get executed as per the new stop-loss price which would be a better price for your orders.
For example, you place a price improvement order for selling a stock. The share is trading at Rs 510, and you put a Stop Loss order of Rs 500. You want to benefit from the upward movement in stock price. Now as the stock prices move up, your stop loss will also move up. So, when the price moves to Rs 520, the stop loss would automatically move to Rs 510. When the price moves to Rs 540, the SL would move to Rs 530. Now, the share price falls, stop loss would get triggered at Rs 530 and you would gain Rs 20 more than your initial position.
To place a Price Improvement order, visit the 'Advanced Order' under the Equity or Futures trading section. The orders can also be placed from cash buy/sell and BTST wherever the 'Place Price Improvement Order' link is available.
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FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
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