I have a doubt regarding placing stop loss order in kotak securities.
I took a buy trade at 108 rupees and after executing buy order i put the stop loss limit order at 103 rupees but once i placed my sl limit order my trade is closed at 107rs at market price.
every time when i place the sl lim order my position is exited at market price. so kindly tell me what went wrong here whether putting small sl (which is only 5rs) or its brokerage end problem.
You can use 103 as limit as well as trigger price, but my suggestion would be leave some room, so that order get excuted even in peak volatility otherwise…