What is tick in order placement?

1

Hi Team,

What is significance of tick in order placement?

Why there are so many options under take profit and stop loss check boxes?

2

Hi @Ravig

Welcome to the Dhan community.

Tick size is the minimum difference in rates between two orders on the same side i.e., buy or sell, entered in the system for a particular script. Trading in scrips on NSE and BSE is done with the tick size of 5 paise currently. So if you select 20 in Ticks, it means Rs. 1 (5 paise * 20)

Refer to this youtube video:- How to use TradingView on Dhan? Complete tutorial on TradingView Charts explained in Hindi | Dhan - YouTube

Hope this helps.

3

Thanks for reply. Video did not mention about tick size. Is it required to mention for border placement?