Save over 60% on Brokerage
We can help you save between 60% to 90% brokerage fee & taxes. Contact us today...
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.
Note:
Best of
Top Stock Brokers in India Top 10 Discount Brokers Top 10 Full-Service Brokers Lifetime Free Demat Account Best Broker for Beginners More Reports...Reviews (Discount Broker)
Zerodha (₹20/trade) Edelweiss (₹10/trade) Upstox (₹20/trade) 5paisa (₹20/trade) ProStocks (₹899 Unlimited) More Brokers...Reviews (Full-service)
ICICI Direct Motilal Oswal HDFC Sec Sharekhan IIFL Securities More Brokers...Compare Brokers
Broker Articles / Tutorials Compare Share Brokers Side-by-Side Comparison Broker Complaints Monitor Broker Glossary Special OffersTrading Platform Reviews
Zerodha Kite Review Sharekhan TradeTiger Omnesys NEST Review ODIN Review NSE NOW Review More Reviews...Options Basics
Options Trading HomepageBroker Reviews
Zerodha Review 5paisa Review ProStocks Review Sharekhan Review Angel Broking Review ICICI DirectOptions Trading Platform
Kite Zerodha Trade Tiger Sharekhan Omnisys NEST Upstox RKSV Fyers One Fyers ScalperT FinvasiaBest of
NRI HomepageNRI Trading Guide
Trading Account Basics Trading Requirements Demat Account Explained USA NRI Trading Account Trading in Derivatives More Articles...History of Chittorgarh
History of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)Chittorgarh City Info
Chittorgarh City Map Hotels / Resorts Sainik School Chittorgarh Cement Industry Hindustan Zinc