Getting started
What is limit order?
An instruction to buy or sell only at a price you specify, or better.
Explained in more detail
You control the price and give up certainty of execution. If the market never reaches your price, the order simply does not fill. It is the safer default for anything other than the most heavily traded shares.
An example
For instanceA buy limit at ₹480 will not execute while the price stays at ₹495.
Why this matters to you
You will meet this word in broker apps, company results and market news. Knowing what it means is not the goal on its own. The goal is being able to judge whether a number is good or bad for the investment you are actually holding.
On AlphaVik, any time limit order appears in a view or a lesson, you can hover or tap the word and this explanation comes with it. You never have to leave the page to look something up.