How do I place a stop loss once I have placed my order in Zerodha pi

General
1

Say I’ve bought a share using Normal Limit order for Rs 500

And the share is now trading at 510

I want to place a stop loss at 505.

How do I do it?

  1. Also, if I happen to take delivery, how do I place stop loss the next day?
2

hElLO tRaDeR,

  1. You have to manually place a Stop-Loss order from your Sell Order window.

SELL ORDER >> MIS >> SL - LIMIT >> Specify TRIGGER = 505.05 and LIMIT = 505.

  1. All orders placed on the exchange are valid only for a day, so tomorrow you will need to manually place another Stop Loss Order as above.