Question

A stop-loss buy order with a trigger price of ₹ 500 will be triggered when:

• A. The price drops below ₹ 500
• B. The last traded price is ₹ 499
• C. The price is constant at ₹ 500
• D. The last traded price is ₹ 500 or more
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Hint:

For a Stop-Loss Buy order: Trigger occurs when $\text{LTP} \ge \text{Trigger Price}$.
For a Stop-Loss Sell order: Trigger occurs when $\text{LTP} \le \text{Trigger Price}$.

Answer 1

The Correct Option is D