What is the trigger price in SL order?

When placing a Stop-Loss Order, an investor has to compulsorily enter a trigger price (also known as a stop price). It is a Buy/ Sell order condition that one adds while placing a stop-loss order.

In a Stop-Loss Market Order, the trigger price is the price at which the stop-loss trade gets executed.

In a Stop-Loss Limit Order when the share price reaches the trigger price, the stop-loss order gets activated. The stop-loss order then gets executed at the limit price set by the investor.