Maximum price

Its an order by which u fix the upper price limit for the buying of a security.Suppose Mr X wants to buy shares of Y company and shares are trading @ 100 Rs each and he places a buy limit order for 101 Rs each share and in case if stock moves above 101 Rs then as per his limit order he will get the shares only at 101 or below this price limit not above this price.

its an order by which u fix the upper price limit for the buying of a security . suppose Mr.x wants to buy shares of Y company and shares are trading @ 100 rs each and he places a buy limit for 101 rs each share and in case if stock moves above 101 rs then as per his limit order he will get the shares only at 101 or below this price limit not above this price.