Buy on Every Strong Support Using GTT Order

Introduction

Anyone who has tracked the stock market long enough knows this feeling: you wait patiently for a stock to fall to a good buying level, only to see it bounce sharply before you act. Market volatility often makes it difficult to enter at the right price, especially when you can’t watch charts all day.

This is where Good Till Triggered (GTT) orders become incredibly useful. A GTT Buy Order lets you set your desired price once and have the system execute automatically when the stock reaches that level. By combining strong technical support with GTT automation, traders can plan their entries calmly — without worrying about market timing or emotional reactions.

Hook: What if you could set your buy order once and let it execute automatically whenever the price hits your chosen support level?
That’s the essence of using GTT orders with strong support zones.

Understanding Support Levels 

In technical analysis, a support level is a price zone where buyers typically enter the market in large numbers, helping to stop or slow a decline. These levels are not random — they represent areas where demand historically outweighs supply.

Traders identify strong support levels using different tools:

• Previous Swing Lows

If a stock repeatedly bounces around ₹1,000 on several occasions, it indicates strong buying interest at that level.

• Trendlines

Drawing an upward trendline helps identify dynamic support — prices tend to bounce off this line during uptrends.

• Moving Averages (50-DMA, 200-DMA)

A stock trading above the 50-day or 200-day moving average often finds support when it pulls back to these levels.

• Fibonacci Retracement Levels

Retracement zones like 38.2%, 50%, or 61.8% commonly act as supports in trending markets.

Example:

“XYZ stock has bounced from ₹1,000 three times in four months. Each time sellers pushed the price down, buyers stepped in aggressively. This creates a strong support zone at ₹1,000.”

Support levels help traders time entries more effectively, ensuring they buy closer to fair value rather than chasing prices during rallies.

What Is a GTT (Good Till Triggered) Order? 

A Good Till Triggered (GTT) order is an instruction you place on your trading platform that stays active until the price hits your predefined trigger level. Unlike normal orders — which get cancelled if not executed the same day — a GTT order remains valid for an extended period.

It allows investors to:

• Plan entries in advance
• Avoid tracking markets constantly
• Buy at their preferred price without emotional decision-making

When the trigger price is reached, the platform automatically sends your Buy order to the exchange. If the stock never reaches that level, the order simply stays pending until you modify or cancel it.

Samco’s trading platform makes this process intuitive, allowing traders to set, view, and update GTT orders easily.

Why Combine GTT Orders with Support Levels 

Setting a GTT Buy Order at a strong support zone is a smart way to combine technical discipline with automated execution. Here’s why:

1. Support Levels Offer Better Risk–Reward Entries

Buying at support increases the probability of a bounce. This improves the risk–reward ratio because the downside is limited, and the upside potential is higher.

2. GTT Automatically Executes the Buy Order

Once you’ve identified a valid support zone, you don’t need to monitor price movement throughout the day. The GTT order handles execution for you.

3. Eliminates Emotional Trading

Markets often trigger anxiety — fear of missing out during rallies, or panic-selling during dips. With predefined GTT orders, traders follow their plan rather than reacting emotionally.

4. Saves Time

No need to check charts or alerts every few minutes. Once placed, your GTT stays active until triggered or cancelled.

Mini Scenario:

You identify a strong support zone at ₹950 for Stock ABC. Instead of waiting for the price to fall from ₹1,020 to ₹950, you set a GTT Buy Order at ₹950.
Two weeks later, the stock dips, touches ₹950, and your order is executed automatically—without you logging in. Later, the stock rebounds to ₹1,010, giving you a smart and disciplined entry.

This combination of support analysis + automation is what makes GTT orders effective for long-term and swing traders.

How to Place a GTT Buy Order at Support Levels (Step-by-Step Guide)

Here’s a simple, practical guide to help traders use GTT orders effectively:

Step 1: Identify Strong Support Zones

Use chart tools such as trendlines, DMAs, and Fibonacci levels to pinpoint reliable support.

Step 2: Decide Your Entry Price

Choose the support level where you want to accumulate shares.

Step 3: Log into the Samco Platform

Open the stock’s quote page.

Step 4: Select “Buy GTT”

This opens the GTT setup window.

Step 5: Enter the Trigger Price and Quantity

Example: Trigger Price = ₹950, Quantity = 10 shares.

Step 6: Confirm the Order

Your GTT Buy Order is now active. It will remain valid until it is triggered or manually cancelled.

Pro Tips:

• Avoid placing the trigger exactly at a round number — prices sometimes miss by ₹1–2.
• Recheck your support level after earnings, news events, or major market shifts.
• Avoid setting triggers too close to highly volatile zones.
  
  Advantages of Using GTT Orders 

GTT orders offer several advantages for both traders and long-term investors:

• Convenience (Set-and-Forget Approach)

Once placed, your buy order waits patiently until the price hits your level — no manual input required.

• Accuracy

Your order executes exactly at the price you planned, avoiding impulsive entries during market noise.

• Discipline

Predefined GTT orders encourage systematic investing. You stick to your plan even if market emotions run high.

• Better Risk Management

Buying at strong supports keeps your downside lower, improving reward potential.

• Great for Long-Term Investing

If you are tracking stocks for corrections but don’t have time to monitor daily movements, GTT orders can capture the dips for you.

On the Samco platform, GTT orders are easy to place, modify, and track. Users also receive notifications when GTT conditions are met.

Things to Keep in Mind 

While GTT orders are powerful, traders must use them with care:

1. Support Levels Can Break

A support zone is not guaranteed to hold. Always analyze whether the support is strong or weakening.

2. GTT Orders Are Triggered Only When Price Hits the Level

If the price comes close but doesn’t touch the trigger, your order will not execute.

3. Review GTT Orders Periodically

Major news events, quarterly results, or sector changes may shift support levels.

4. Avoid Overusing GTT Orders

Use them for well-researched setups, not for every minor dip.

Proper validation helps make your GTT strategy more efficient and reliable.

8. Real-Life Example 

Let’s take a hypothetical example using Infosys.

Infosys is currently trading near ₹1,500. After analyzing charts, you identify a major support zone at ₹1,400, where the stock has bounced multiple times in the past. You don’t want to chase it at ₹1,500, but you also don’t want to monitor the stock every day.

So you place a GTT Buy Order at ₹1,400 with your desired quantity.

Two weeks later, the market corrects due to global cues, and Infosys dips to ₹1,402, eventually touching ₹1,400. Your GTT order gets triggered and executes instantly.
A week later, Infosys rebounds to ₹1,475 — giving you a disciplined, well-timed entry without any emotional decision-making.

This example highlights how combining support analysis with GTT automation helps traders capture opportunity zones effortlessly.

FAQs on GTT and Support-Based Buying

1. What does GTT mean in stock trading?
GTT stands for Good Till Triggered, an order that stays active until the price hits the specified trigger level.

2. Can I modify or cancel a GTT order?
Yes. You can edit or cancel it anytime through your Samco platform.

3. How long does a GTT order stay active?
It stays active until triggered or manually cancelled.

4. How can I identify strong support levels?
Use swing lows, moving averages, Fibonacci retracements, and trendlines to find reliable zones.

5. Does GTT work for both buy and sell orders?
Yes. You can set GTT for automated buying and selling.

Conclusion 

Combining GTT orders with strong support levels is one of the smartest ways to plan disciplined market entries. Instead of chasing prices or reacting emotionally, traders can automate their strategy and wait for the stock to come to their chosen level. GTT orders help remove guesswork, reduce stress, and ensure that you buy only at the price you decide.

If you’re looking to bring more structure and discipline to your trading or long-term investing, start using Samco's GTT feature today. It lets you plan smarter, stay consistent with your strategy, and make the most of every dip.