What is tick in order placement?

Hi Team,

What is significance of tick in order placement?

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

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.

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