How to place cover order in Upstox?

Question

How to place cover order in Upstox?

Accepted Answer · 2021-05-28

A cover-order is an intraday 2-legged order, first leg is normal order to buy or sell a stock, and the second leg is a stop-loss order. Upstox facilitates customers to place a cover order on the Upstox Pro platform. Placing a cover order through Upstox is simple. Cover order facilitates you putting a stop loss to your position while entering into the trade. This can be put through apps as well as the web. Follow the steps below to know how to place a cover order through Upstox.

Visit upstox.com
Hover your crosser on the scrip you want to trade from the watchlist.
You can select “B” for buy and “S” for sell.
Enter the quantity, and select the product type as “Intraday”.
In complexity, choose ”CO.”
You can put both the Market order as well as the Limit order.
Once you select the order type, enter your trade's “Stoploss” price.
Click” Review order.”
Then “Place the order.”

How to place cover order in Upstox?

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