It’s a type of order where you can buy or sell a stock at a specific price.
For example: Buy Order Let’s say ACC stock is trading at 1200 currently, and you want to buy it when it reaches 1150. You can simply place a Buy- limit order now, and the order will be executed once the stock price reaches 1150. Sell Order Let’s say ACC stock is trading at 1200 currently, and you want to Sell it when it reaches 1250. You can simply place a Sell - limit order now, and the order will be executed once the stock price reaches 1250.