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What is bracket order in 5paisa?

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A Bracket Order (BO) is an advance order type which allows traders to limit loss and lock in a profit. 5paisa offers advance order types like BO, Cover order and Stop Loss orders. Customers can choose these order types in the 'Place Order' window while placing orders to buy/sell.

Bracket order is a set of 3 orders (1 Buy, 2 Sell) placed together at once. Say, you place a buy order for a stock at Rs 50. You also place a higher sell order at Rs 55 and lower sell order at Rs 45. The higher sell order locks in the profit and lower sell order limit the losses. The sell order is automatically executed, when the stock reaches any of the price points.

 

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