GTC order placed on March 7, 2017 to buy 100 shares of ACD Ltd. at a limit price of Rs 820.
Fix the expiry date of the order as April 7, 2017, and give the order a period of one month to buy at the specified price.
During this time, ACD Ltd. share price falls to Rs 820, and you have 100 shares available, the order will be executed. If not, the order will automatically get cancelled.
Stock market investing is not just about buying the right share, but also getting the price right.
With GTC, you can place an order once and forget about it for up to 1 year.
Allows you to complete the order in stages. Even if a few shares are available at the required price, the order seizes the opportunity and executes.
GTC is not just for buy orders, but also sell orders.