Let’s say I have placed a cover order at 25500 in Banknifty and my target is 25520… Now can I place a SEPARATE stop loss order at 25480 ?
Thanks…
Let’s say I have placed a cover order at 25500 in Banknifty and my target is 25520… Now can I place a SEPARATE stop loss order at 25480 ?
Thanks…
Defining target is not a part of cover order.
The stop loss is defined along with your entry order.
You can modify the STOP LOSS inside a Target Order after the entry is done.
If you exit the the active stop loss part of a cover order the position gets closed.
You cannot place the stop loss for a cover order separately.