How to place bracket order and cover order in 5paisa app?

Question

How to place bracket order and cover order in 5paisa app?

Accepted Answer · 2023-01-16

5paisa bracket order provides the flexibility to place 3 orders in one click; one is initial intraday entry order, a target order, and a stop-loss order. However, a cover order is a 2-legged order that places an initial entry order along with a stop-loss order.

Steps to place bracket order (BO) in the 5paisa app;

Search or select the stock you want to place BO for.
Go to the detailed order page.
Enter the quantity and price for the order.
Tap on Add stop loss and target price.
Enter target, stop-loss, and stop-loss trigger price.
Click on Buy/Sell, and confirm to place the order.
Bracket order is placed on 5paisa app.

Steps to place a cover order (CO) in the 5paisa app:

Search or select the stock you want to place CO for.
Go to the detailed order page.
Define the share quantity and price for the order.
Tap on Add stop loss.
Enter the Trigger price and stop-loss price.
Click on Buy/Sell, and confirm to place the order.
Cover order is placed on the 5paisa app.

How to place bracket order and cover order in 5paisa app?

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