Can a limit order be executed at a different price?

Yes, this is possible. A limit order is basically an instruction to buy or sell a stock/ instrument at a particular price or a better price. Hence, if you had placed a buy order for a stock, say at Rupees 100 and the stock trades at 98 when you placed the limit order, your buy order will be traded at 98 as it was better than Rupees 100 that you had mentioned. Similarly, if you had placed a sell order at Rupees 100 when the stock trades at Rupees 102, your sell order will get traded at Rupees 102 as it is better than 100.

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