How to set trigger price for entry along with target and stoploss?


#1

Here’s what I’m trying to do.

Say, I have a stock trading at 150 currently. I want to buy it at market price when it goes up to 160. When I buy it at 160, I want to set an exit target at 170 and a stoploss at 150. Is there any way I can specify these conditions for entry, exit and stoploss without waiting for the price to reach my intended entry point?


#2

Yes, You can achieve this by Using Bracket Order.

  1. Open Bracket Order
  2. Select SL radio button
  3. Fill Quantity
  4. In Price fill 160.50
  5. In Trigger Price Fill 160. ( The moment Price will touch 160 You order will get executed between 160-160.50 whatever the the available price after 160. )
  6. In Stop-loss Fill 10.
  7. In Target Fill 10.
  8. Click on “BUY” you are done.

#3

Thank you. That worked. :slight_smile:


#4

Does Kite 3 accept SL and SL-M entries in its bracket order ? Earlier it took only Limit entries…I use Kite for charting only…


#5

Yes, Kite 3.0 Accept SL entry in Bracket Orders.


#6

One more question. Can a similar functionality be accessed for delivery trades? I get that I can manually set two exit triggers (one each for the target and stoploss), but is there a way to get one automatically cancelled when the other is triggered?


#7

This type of Feature is only available in Bracket Order Type.

For Order Type CNC you need to do it manually by Placing multiple orders and cancel it manually non-executed orders.

@Streak is it possible in Streak?


#8

You can use At Price indicator for this strategy on Streak to enter in a price range and exit based on profit target and stop loss from trigger notifications generated. Bracket orders are not available at this point on Streak.


#9

PLease provide me same scenario details in Option trading.
THat how I can place target and stoploss both in Option trading in CALL and PUT . Please provide me details.