How do I place a stop-loss order on Share India?

Yes, you can place a stop-loss order on Share India. A stop-loss order is a risk-management tool that helps limit potential losses when stock prices move unfavourably. Before placing a stop-loss order on Share India, it’s important to understand the two types of orders available on the platform.

Types of Stop-Loss Orders on Share India

There are two types of stop-loss orders:

• SL Order (Stop-Loss) = Price + Trigger Price
• SL-M Order (Stop-Loss Market) = Only Trigger Price
  

Let’s learn about them with examples:

Case 1: Stop-Loss for a Buy Position

Suppose you are buying a stock at ₹100 and want to place stop-loss order for it at ₹95:

• SL-M Order: A Sell Stop-Loss Market (SL-M) order will be placed with a trigger price of ₹95. When the stock price reaches ₹95, a market sell order will be executed at the prevailing market price.
• SL Order: You will need to set both the limit price and trigger price for the buy position for the SL order. Suppose you set the trigger price at ₹95 according to the limit price of ₹96. When the trigger price is hit, a sell-limit order will be placed with the exchange, and the order will be squared off at the next available bid above ₹94.90. Thus, the SL order may be executed at ₹95 (or higher) or ₹94.95 but not below ₹94.90.

Case 2: Stop-Loss for a Sell Position

Similarly, suppose you are selling a stock at ₹100 and want to place a stop-loss order at ₹105:

SL-M Order: A Buy Stop-Loss Market (SL-M) order will be placed with a trigger price of ₹105. When the stock reaches ₹105, a market buy order will be executed at the prevailing market price.

SL Order: Suppose you set a Buy Stop-Loss Limit (SL) order with a trigger price of ₹105 and a price of ₹105.10. The trigger price must be less than or equal to the price. When the trigger price is hit, the buy-limit order will be placed. The order is squared off at the next available offer below ₹105.10. Thus, the SL order may be executed between the range of ₹105 and ₹105.10 but not above ₹105.10.

How to Place a Stop-Loss Order on Share India?

Here’s how you can place both the orders on Share India:

Via Web Portal

Step 1: Log in to your Share India account and search for the stock you want to trade.

Step 2: Click ‘Buy’ or ‘Sell’ depending on your trade type.

Step 3: Select either SL-M (set only trigger price) or SL (set both trigger & limit price).

Step 4: Fill in the required details (quantity, order type, etc.).

Step 5: Confirm & place your order.

Via App

Step 1: Open the Share India trading app and search for the stock you want to trade.

Step 2: Tap on ‘Buy’ or ‘Sell’ to initiate the process.

Step 3: Select either SL-M or SL and enter the trigger price (plus the price for SL).

Step 4: Fill in the required details and place your order.

Step 5: Swipe to confirm your order.

Now you’re all set to place stop-loss orders on Share India. Open your trading account with Share India and start your trading journey effortlessly!