Bracket Order

What is a Cover Profit order and how does it work? How do I place it?

A “cover profit order” is an added featured with Bracket order wherein after your bracket order is executed you can add a “profit order” from open positions.

If the stock price reaches the target price (profit order), the open position will be squared off and profit will be booked and stoploss order will be cancelled.

To Place a Profit order for Bracket Open positions:

Mobile App: Select Stocks> Watchlist> Portfolio > Open position > Select position for which you want to place profit order > Set the price and

Website Watchlist/ New Website: Select Stocks> Watchlist > Position tab > Select the bracket position for which you want to place a profit order> Click on the three dots under Action > Click on Place Profit order and set the price and to execute the trade.

From Old Website: Select Stocks> Open position > Select Bracket > Select 3 dots under action for selected position > Select Place Profit order.