How to Place a GTT Order in Motilal Oswal?

Last Updated: Mar 19, 2024 Value Broking 2 Mins 2.4K

To Place a GTT Order in Motilal Oswal follow the below steps

Step 1: Begin by logging into your Motilal Oswal trading account using your username and password.

Step 2: Once logged in, proceed to access the trading platform. The layout and navigation may differ depending on whether you’re using the website, mobile app, or desktop software.

Step 3: Select the specific stock or security for which you intend to set up a GTT order. You should be able to locate the stock symbol or name within the platform.

Step 4: Locate the option to initiate a GTT order. This feature is usually situated within the platform’s order placement section and may be denoted as “GTT Order” or a similar term.

Step 5: When you select the GTT order option, a form will appear where you can provide the necessary order details, including:

Stock Symbol: Enter the stock symbol or name for the security you wish to trade.
Order Type: Specify the type of GTT order you’d like to place (e.g., Buy or Sell).
Trigger Price: Set the price at which you want the GTT order to become active. The GTT order will trigger when the market reaches this price.
Order Price: Indicate the price at which you intend to buy or sell the stock once the trigger price is reached.
Quantity: Enter the quantity of shares or contracts you wish to buy or sell.
Validity: Choose the duration for which you want the GTT order to remain active, typically “Day” or “GTT.”

Step 6: Carefully review all the provided order details to ensure accuracy. Once you’re satisfied, click the “Place Order” button or a similar option to confirm your order.

Step 7: Monitor Your GTT Order: After successfully placing the GTT order, you can keep track of its status through your trading platform. The order will remain active until the trigger conditions are met or until you manually cancel it.

Step 8: Manage GTT Orders: If you ever need to make changes to or cancel a GTT order before it triggers, you should have the capability to do so via the trading platform.