Two stoploss order on the same script

[maddy_Des]

Just let me get my concepts clear first.
You already have 100 shares of ASAHIINDIA in your portfolio.
Right

[tradefast]

Yes. I have 100 shares of ASAHIINDIA brought more than 7 days before.

[maddy_Des]

And at what price?

[maddy_Des]

Please reply fast as I am in hurry

[tradefast]

379.29. average price

[maddy_Des]

Okey
So Buy 100 @ 379.29
Now when you put in your SL orders the CMP was 387 .
That means you were already in 7.5 Rs profit.
Now you put in SL-M order with trig 381.05
Now 381.05 is below CMP so you are correct in putting in SL order.
The thumb rule is - Above CMP - Buy is SL and Sell is limit while Below CMP Sell is SL and Buy is Limit.
Ok Final Q - Now just tell me why you wanted to put in 1 more SL order and at what price?

[tradefast]

Simply

Let me know how many and which order(s) I need to place if I want to sell my stock if the price goes 90 or less OR 110 or more. If I brought this stock a day before or more from today(i.e CNC position). i.e I don’t want to sell my stock in the range between 90 and 110. Considering 100 is CMP

[maddy_Des]

Okey I get it…you put in order types wrong…
I already answered above
The thumb rule is - Above CMP - Buy is SL and Sell is limit while Below CMP Sell is SL and Buy is Limit.

If CMP =100
I want to sell my stock if the price goes 90 or less - put in Sell SL or SL-M order
110 or more - This is book profit or target order - put in Sell Limit order.

[maddy_Des]

Also you can trade fast but have patience while learning

[tradefast]

No chance getting rejections. I can place any one order ,not both.

[maddy_Des]

If you wanna put Sell order put in SL below CMP and Limit above CMP.
Do not use CNC as product use MIS
your order will be accepted.

[maddy_Des]

You are getting rejections because you are using CNC

[maddy_Des]

@Srinivas

One cannot place a target and stoploss at the same time for their CNC position. You can either place a target or a stoploss. This is because if you were allowed to place a target as well as a stoploss for the same CNC position and your target was executed, then your CNC position is already sold out. But the CNC stoploss order will remain open in the orderbook and if it gets executed too, then this will become a new CNC sell trade without actually having the holding in your account. It will lead to short delivery and an auction penalty.

If you intend to trade this position for intraday only, then you could keep a stoploss only and then if your target is achieved, cancel your stoploss and exit by placing a target.

Explained very well

[tradefast]

I replied here too CNC position target and stoploss allowed?

Then what is the solution for my problem. Is this achievable by PI platform?

[maddy_Des]

Just put in one order as CNC and other as MIS.
If one gets executed cancel the other.
So if CNC gets executed cancel MIS.
But if MIS gets executed , cancel the CNC order AND convert the MIS position to CNC.
Because if you forget to convert MIS to CNC it will again get squared off at 3.15

So if MIS sell order gets executed at 3.15 zerodha will Buy back shares and the shares will remain in demat