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How to set Stop Loss in Angel Broking app?

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Angel Broking allows customers to set stop-loss orders in their trades. A stop-loss order is an order type wherein the system automatically executes a buy or sell order once the stock reaches a certain price set by the trader. A stop-loss is useful in minimizing losses in a trade.

Steps to set stop loss in Angel Broking app

  1. Open Angel Mobile App.
  2. At the bottom click the 'Log in to Trade' button.
  3. Click the 'Menu' button in the top left.
  4. Click the 'Trade > Holdings' link.
  5. Click on the stock you want to sell.
  6. Click on the 'Sell' button.
  7. Open the 'Detailed Order' page and select 'Stop Loss order'.
  8. Enter the quantity, trigger price and stop-loss price.
  9. Click 'Submit'.
  10. Review and confirm the order.

Stop Loss Order Example

You buy 100 shares of ABC Company at Rs 100 each with a view that the price will appreciate in a few weeks. What if the price goes downward for some reason? To cover such a scenario, you can place a Stop Loss Sell order for selling the shares if it reaches Rs 95. While placing a Stop Loss order, you need to set 2 prices- Trigger Price (the price at which order will be triggered) and Stop Loss (the price at which the price is executed). The order will be automatically executed when the share price reaches Rs 95.

 

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