A sell limit order is an instruction to sell a security only at a specified price or higher. Unlike a market order that executes immediately at the prevailing price, a sell limit order will only be triggered when the stock reaches the investor's desired exit price. For instance, if a stock is currently trading at ₹450 and an investor wants to sell only if the price reaches ₹480, placing a sell limit order at ₹480 ensures the stock won't be sold below that level. While this gives price control to the investor, it carries the risk of the order not executing at all if the stock never reaches the target price.
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