What is a Stop Loss Order, and how can I place it on Lakshmishree?

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:

  1. Go To The 'Position' Tab in the Shree Varahi app or web platform.
  2. Select The Stock for which you want to set a stop loss.
  3. Enable 'Trigger Order' and set the trigger price and order price based on your risk level.
  4. 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.