Cover order. Stop loss

If i am placing a Cover order (CO), the stop loss order will get converted to a stop limit order, and the range will be 1%, so whenever the price comes in between the range, your order will get executed. In intraday??
Is this right

Hi @Kshitij_Singh

Stop loss leg of a Cover Order (CO) will always be a market order. Only the initial buy/sell order can be placed as limit or market order.

There’s no rule as such.

You can read in detail about Cover orders here: What are cover orders and how to use them?