By VestAI Research | Last updated: March 2026
Limit Order: Meaning, Definition & Indian Stock Market Examples
Order to buy/sell only at a specified price or better — controls execution price.
What is Limit Order?
A limit order specifies the maximum price you're willing to pay (buy limit) or minimum price you'll accept (sell limit). The order only executes if the market reaches your specified price. Limit orders give price certainty but not execution certainty — the order may not fill if the market doesn't reach your price.
Limit Order — Indian Stock Market Example
Placing a limit buy for Infosys at ₹1,450 when it is trading at ₹1,460 means your order sits in the order book and executes only if the stock dips to ₹1,450. For F&O, always use limit orders — NSE's order book for options has wide spreads, and market orders can fill 5–15% worse than expected.
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What is a stop-loss limit order?
A stop-loss limit order has two prices: trigger price and limit price. When the stock hits the trigger price, the order activates as a limit order at the specified limit price. Risk: if stock gaps through your limit price, the order will not execute. For guaranteed stop-loss execution in fast markets, some traders use stop-loss market orders instead.
What is a Good Till Cancelled (GTC) order in Indian markets?
In Indian markets, standard orders expire at the end of the trading day. Some brokers offer Good Till Cancelled (GTC) orders that remain active for up to 30 days. This is useful for limit orders targeting specific price levels that may not be reached in a single session.
Related Terms
Market Order
Order to buy/sell immediately at the best available market price.
Bid-Ask Spread
Difference between best buy price (bid) and best sell price (ask) — the cost of immediate execution.
Liquidity
Ease of buying/selling an asset quickly at fair price without significantly moving the market.
Trading Volume
Number of shares traded in a period — confirms price move validity.
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