How to put stop-loss order in ICICI Direct?

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ICICI Direct customers can place a stop-loss order in the ICICI Direct website or mobile app using the regular buy/sell order form. You just have to fill an additional field 'Stop Loss Trigger Price' in the order form and place the order.

A stop-loss (SL) order gets activated only when the set trigger price is reached. The SL order type is used to limit the loss of a position.

Example:

You buy a stock Rs 250 in the expectation that the price will go up. However, in the event the price falls, you would like to limit your losses.

You may place a limit sell order specifying a Stop loss trigger price of Rs 205 and a limit price of Rs 200. Once the last traded price touches Rs 205, the sell order gets converted into a limit sell order at Rs 300.

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Topic: ICICIdirect Trading Software Review

11 Comments

11. Vikram Chaudhary

| Link|December 6, 2022 10:18:51 AMReply

Hi,

How do I put stop loss sell order that stays valid for more than a day on icicidirect website?

11.1. veejay

| Link|November 19, 2023 10:49:38 AM

I am trying to figure out this .. did you find out how to do this?

10. Sanjeev Kumar

| Link|November 30, 2020 10:08:38 AMReply

It is not possible to put stop loss in ICICI direct.
As per my experience

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10.3. Kashmir Singh Bath

| Link|November 16, 2022 2:40:17 PM

I agree with you.We request ICICIDIRECT to introduce this provision at the earliest.

10.4. Venkatraman

| Link|September 7, 2023 11:07:21 PM

Yes I also face the same issue. The moment you put limit price with SL, immediately it sell at the price when market is going up

9. Amarjit Singh

| Link|April 3, 2022 10:46:59 AMReply

once the CMP is hit how to do stop loss trailing. (to modify SL for booking maximum profits)

8. Rohit Malavde

| Link|July 25, 2021 4:26:13 PMReply

How do I set a "sell" at a higher price than what I have bought. Example I bought at 200/- and I want to set a 'sell' automatically if the price reaches 205. I know about SLTP that can be set to sell when the prices are going down. accordingly how to set in reverse? This question is specifically to do this in ICICI Direct.

8.1. Sandy

| Link|March 5, 2022 5:37:33 AM

That's a Limit Order. Fir Sell at a higher price you put a price which is minimum you will sell. If market rises rapidly you get a better price but never below Limit

7. Ravi

| Link|October 8, 2021 11:57:14 PMReply

Today I have short a share two lot in future share at 731. As precaution, I want to buy if the price comes to 733. So I put buy order (Not Stop Loss Order) for limit price 733 and current trading price was 731.50. My order got executed immediately. When I checked with ICICI Direct, they said it got executed as I have given price higher than trading price!!! How a limit order can be executed with the price is not reached? No proper answer with them.. If any one knows the details please share...

7.1. Saurav Bhattacharyya

| Link|November 16, 2021 4:27:59 PM

You're right as well as wrong, the buy order for a shorted Fut. is called Stop Loss order universally. Here, when you give a SL (buy in your case) order for a shorted Fut. you MUST place a TRIGGER PRICE also, but most users don't know that icicidirect.com software accepts only the SAME trigger price as the SL, so you have to place the same Trigger Price and the same SL, then your Fut. wouldn't have got executed.
Let me also tell you, I've been using icicidirect for many years and have lost all my savings b'cos of icicidirect's SHITTIEST software and there's no help either. ICICIDIRECT is the WORST software in the market.

7.2. Sandy

| Link|March 5, 2022 5:33:41 AM

Your Buy Order was treated exactly as the name says - Buy 2 x lots. Because price you had put was higher than market your +2 Buy got immediately executed. So really speaking you should have 4 x lots in Open Positions 2 x shorts 730 and 2 x longs 733. Whether ICICIDirect will square them off because they are under one name I am not sure, in which case you will have a cash loss
What you wanted was +2 × Buy on Stop Order. For that you should check your Open Position and click on Stop Loss Order and enter your Stop Loss price. But ICICIDirect must take Stop Loss Trigger price as well. In your case you should put 732.00 as Trigger and 733.00 as SL

6. Anil Kumar Sinha

| Link|November 30, 2021 7:15:46 AMReply

what is price i have to pay for buying a scrip in F&O

5. Anil khurana

| Link|June 29, 2021 7:43:20 AMReply

If I have to buy shares in cash at a limit price alongwith stop loss and also profit order with target price ,how to do (not for intraday).
Is it possible in one transaction.

4. Hate Icicidirect

| Link|May 28, 2021 11:56:52 AMReply

for stop loss, icicidirect has very bogus system. They are not changed their system after many complaints. So I diverted to trade in zerodha

3. ARUN LAHAMGE

| Link|January 23, 2021 6:16:59 PMReply

how to put stop loss to existing portfolio stocks

3.1. shamsundar

| Link|April 22, 2021 9:25:28 AM

How to put stop loss to existing portfolio stocks

3.2. Sathyanarayana

| Link|May 4, 2021 10:01:42 PM

Supposing I have purchased a stock option or nifty at 250 & putul for sale at say 300. But Iam afraid that instead of market moving up & starts falling, I want to trgger the stop loss at say 230. I tried it in icicidirect. It shows that Sl cannot be less than sale price. How to do this?.please.

2. Vinod goyal

| Link|October 27, 2020 4:38:51 PMReply

But we palce the order stoploss system send msg.the stop loss price not lower than last traded price in buy order. Example iwant buy 1000share in mrgin at 100 limit price.and stop loss 96 .but system send upper msg.to me.please suggest

2.1. ak barbhuiya

| Link|May 1, 2021 10:36:44 PM

I can not put stop loss in icicidirect trading both fno as per the rule provided in the icicidirect website, so I have to incur losses very often, can anybody please guide me in this regard.

1. TV LAKSHMANAN

| Link|July 9, 2020 10:08:38 PMReply

How did you suddenly arrive at Rs. 300 to sell?

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1.2. RAKESH KUMAR MISHRA

| Link|October 20, 2020 10:58:17 PM

I should be read as ₹200

1.3. Sunil Pamnani

| Link|March 11, 2021 10:54:10 AM

YES THE SAME I THINK ACTUALLY ITS A MISTAKE
HE WAS GOING TO WRITE 200 BUT BY MISTAKE HE WROTE 300

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