For Intraday, can I place a “sell” limit order by setting the price lower than the LTP (in Fyers web) so as to utilise a pullback in a downtrend?
Hi @2H1W4m4KoM,
You cannot place a sell limit order below the LTP. If you do so, then your order will get executed at the market price. If you want to place an order below the market price, Kindly place the trigger limit order for options and trigger order for all the other segments!
Kindly refer to this support article for more details.
Hope this helps 
Isn’t that limiting?
May I know the logic behind it? I would I use the pullback in a downtrend to secure a few more points?
Hi @Vasanthakumaran Palanisamy, If you get an opportunity to sell at ₹ 100, it does not make any sense to sell at ₹ 95. Hence limit order will be executed at the market of ₹ 100, which is more than your set price of ₹ 95.
However, if you want to sell below the market price, kindly refer to the previous reply!
FYI - The logic of limit order will always be to buy at the lower price and sell at a higher price from the current market price!
Logic??? The logic is to sell at a pullback.. If I can sell at 100 and I get an opportunity to short at 95, I will gain 5 extra rupees when the price moves down. That is logical isn’t it?
What I am trying to ask is.. Is there a way I could execute an automated order like that? Sell at a pullback in a downtrend
Hi @2H1W4m4KoM,
You can place a sell order at any price you want.
- **Limit order **- To Buy below the market price and Sell above the market price.
2**. Trigger/Trigger Limit** - To Buy above the market price and Sell below the market price.
We are not restricting you to place the orders you want to place.
Note: If you place a Sell limit order below the current market price, the order will be executed at the market price as that is the condition set. In this case, you were supposed to use Trigger/Trigger Limit.
Well, can I place via your order window? i.e. When the price pulls back on a downtrend I would like the order to be executed. Suppose the price is at 100 and I believe the price will pull back to 95 before a continuation so I would like to place a sell order waiting at 95.
IF I place limit order above market price , its executing as market, this is happening last 10 days. before its fine. They modified the feature of Fyers WEB.