loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

How can we help you ?

Choose the category to find the help you need

    Announcements

    Read More
    All you need to know about Buy Now Pay Later (MTF) while investing in Stocks...
    Read More
    Stocks Back

    Intraday Trading

    What is a Profit order and how does it work? How do I place it?

    Cover Profit Order in Bracket

    • A “cover profit order” is an added featured with Bracket order wherein after placing a bracket order you can add a “profit order”.
    • If the stock price reaches the target price (profit order), the open position will be squared off and profit will be booked.
    • In order to place a cover profit order, once the fresh order is executed then a profit order can be placed. For this, Go to Bracket on open position page and click on place profit order.

    Example:

    Mr J BUYs ITC at ₹450. He wishes to SELL this at ₹465. He can place profit order with limit price of ₹465. If the market price reaches ₹465, the share would be sold.

    In case the limit price is not reached, the trade would not be executed.

    Via ICICI Direct App:

    To place profit order, follow these steps:

    • Click on portfolio tab
    • Go to open position
    • Select the stock you want to place profit order for
    • Set the price and execute the trade

     

        

    Via watchlist

    • Go to watchlist tab
    • Click on the position tab
    • Click on the three dots on the right of the stock for which you want to place profit order
    • Click on Place Profit order option > set the price and execute the trade

     

     

     

    What should be the Stop Loss Trigger Price in different situations? How do I place a Bracket order? What is a Cover SLTP order and how does it work? Why am I getting the error “Bracket trading not supported for the stock”? How do I see the stock list for eligible stocks? How is Bracket different from Intraday Margin? Where do I modify an SLTP order?
    What is Intraday Trading? How does “Intraday (Margin)” work? How is Intraday trading different from trading in Cash Segment/ Delivery? What is the Margin required to take a position in Intraday Product? What is Initial, Minimum Margin and Trigger price? What happens if the margin is less? Can I convert an intraday position to delivery? If so, how? What is short selling in Intraday trading, and how does it work? How can I “Square Off” a position? Can I modify intraday position? How? What are the options for “order validity”, “disclosed quantity”? Where can I see them? What is “Limit order”? How to place a limit order? What are Initial and Minimum Margins? What happens if the margin falls below the required level? How to place an Intraday order? When will the profits from Intraday trading be added to my current limits? Why are my profits from intraday are not available in current limits? What is trigger price? Where can I check trigger price for Intraday position? What happens to my intraday position if the stock hits circuit limits? How do I add Margin to my Intraday position? How are profits on Intraday trading taxed? What is the brokerage charged for Intraday? What time does the intraday day position get squared off? Will my Intraday positions get squared off due to margin shortfall? What effect will it have on my position? By what time can the positions be converted to delivery? What happens if my Intraday Buy/Sell position is not closed at the end of the trading day? Where client has undertaken multiple transactions in a single stock on the same day under Intraday product, which intraday trade leg will be considered if client has placed CTD (Convert to Delivery) request and how will the brokerage computation take place? What is Day’s Profit & Loss on website open position page? Where can I access intraday Day’s Profit & Loss? What will I see in Day’s P&L on Equity Open positions page for Intraday & Bracket? How it is helpful? Why can’t I see Overall P&L on the website open positions of Intraday & Bracket anymore?
    ✕
    Application status