How do I set alerts for stock price changes?

Setting alerts for stock price changes can be a game-changer in your investment strategy. Whether you're busy with other commitments or want to avoid constantly monitoring the stock market, setting alerts ensures you're notified when a stock hits a price you care about. This can help you make timely decisions, buy at lower prices, or sell when a stock reaches your target price.

1. Log into Your Trading Account

The first step to setting stock price alerts is logging into your trading platform or app. Once you're inside your account, you should be able to see your portfolio and any stocks you are currently tracking or following. This dashboard is where you’ll typically manage all your alerts.

2. Search for the Stock

Once you’ve logged in, search for the stock you wish to set an alert for. This can be done by entering the stock's name or ticker symbol in the search bar of the platform. After you locate the stock, click on it to open its detailed page. This will display its real-time price, performance, and other important metrics.

3. Look for the 'Set Alert' Option

Most trading platforms feature a "Set Alert" or "Price Alert" button right next to the stock’s profile or price chart. This is where you will set the price at which you want to be notified. It’s typically located near the stock’s current price or in the options menu on the stock details page.

4. Set the Trigger Price

Now, you’ll need to decide the price at which you want to be notified. For example, if the stock is currently at ₹1000 and you want to be alerted when it drops to ₹950, set your price trigger at ₹950. You can choose to receive alerts for both price rises and falls. Select the specific price range or percentage change that’s important to you.

5. Choose Your Alert Type

Many platforms offer different types of alerts, so choose one that suits your needs:

• Price Alerts: Get notified when the stock reaches a specified price.
• Percentage Change Alerts: Receive notifications when the stock's price changes by a certain percentage.
• Time-Based Alerts: Set alerts for specific times, like the start or end of trading hours.

6. Select How You Want to Be Notified

After setting the price, you’ll need to choose how you want to be notified. Most platforms provide multiple options for alert notifications, such as:

• SMS Alerts: Receive text messages directly on your phone.
• Email Alerts: Get an email notification when the stock price reaches your specified level.
• Push Notifications: Receive in-app alerts directly on your mobile app.

7. Save and Activate Your Alert

After setting up the price trigger, alert type, and notification preferences, click "Save" or "Activate" to finalize your stock alert. The alert will now be active, and you'll be notified when the stock hits your target price.

8. Monitor and Take Action

Now that your alert is set, you can continue tracking the stock. When the stock reaches the price you’ve set, you will receive your notification. This gives you the opportunity to take action — whether it’s buying, selling, or simply keeping an eye on the stock’s performance.