A Stop Loss (SL) Order is a risk management tool that allows traders to limit potential losses by setting a trigger price. When the stock reaches this price, the stop-loss order gets activated and is sent to the exchange for execution.
- Buy Stop Loss Order: Used when buying a stock. The trigger price is set above the current market price.
- Sell Stop Loss Order: Used when selling a stock. The trigger price is set below the current market price.
How to place a Stop Loss order on Shree Varahi:
- Go To The 'Position' Tab in the Shree Varahi app or web platform.
- Select The Stock for which you want to set a stop loss.
- Enable 'Trigger Order' and set the trigger price and order price based on your risk level.
- Confirm And Place The Order—it will be sent to the exchange when the trigger price is reached.
Stop-loss orders help traders minimize risk by automatically exiting a trade if the price moves unfavorably.