What is Bracket order?

What is Bracket order?

A bracket order is a special type of order where you can enter a new position on intraday orders with extra exposure along with protection through target exit and a stop loss order.  It helps to limit your stock and lock in the profit. Through BO, you can place three orders at once. Once the main order is executed the system will place two more orders. As soon as one of the two orders is executed, the other order will get canceled.

    • Related Articles

    • What is the difference between cover order and bracket order?

      Both cover orders and bracket orders are types of advanced order types used in trading, which allow traders to manage their risk and optimize their trading strategy. However, they have some key differences: Cover Order: A cover order is a two-legged ...
    • What is Cover order?

      A Cover Order is intraday order which is followed by a mandatory Stop Loss Order. Hence, two orders can be placed at one time. This helps traders minimize their losses by protecting themselves from unexpected market fluctuations. A Cover Order can be ...
    • How can I place an order through Swastika?

      If you want to buy or sell shares, you'll need to place an order with a broker who can execute the trade for you offline. However, you can still place buy and sell orders through our Call and Trade service by calling us at 0120-4400777. Please note ...
    • What is Delivery Trading?

      Delivery Trading is the buying of shares that can only be sold after they are delivered by the broker. There is no compulsion of buying or selling the shares within a day. You have to pay the full price of the stock and they automatically get ...
    • Is there any fee to use the Call & Trade service?

      No, the Call & Trade service is provided as a complimentary service and is free of cost. You can call us at 0120-4400777 to start trading now from your registered mobile number.