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.



4 Comments

TV LAKSHMANAN
4. TV LAKSHMANAN  Jul 9, 2020 22:08 I Like It. | Report Abuse Reply 0
How did you suddenly arrive at Rs. 300 to sell?
RAKESH KUMAR MISHRA
4.2. RAKESH KUMAR MISHRA  Oct 20, 2020 22:58 I Like It. | Report Abuse 0
I should be read as ₹200
Sunil Pamnani
4.3. Sunil Pamnani  Mar 11, 2021 10:54 I Like It. | Report Abuse 0
YES THE SAME I THINK ACTUALLY ITS A MISTAKE
HE WAS GOING TO WRITE 200 BUT BY MISTAKE HE WROTE 300
ARUN LAHAMGE
3. ARUN LAHAMGE  Jan 23, 2021 18:16 I Like It. | Report Abuse Reply 0
how to put stop loss to existing portfolio stocks
Sanjeev Kumar
2. Sanjeev Kumar  Nov 30, 2020 10:08 I Like It. | Report Abuse Reply 0
It is not possible to put stop loss in ICICI direct.
As per my experience
Vinod goyal
1. Vinod goyal  Oct 27, 2020 16:38 I Like It. | Report Abuse Reply 0
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

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