What are the steps to place stop loss order?

• You can place a Stop Loss Order while you place a new order or a square off.
   

  Basics of the Stop Loss Order:
   

  Buy : The trigger price should be higher than the market price. Order price must be higher than the trigger price. You can also keep it at the market price.
   

  Sell: The trigger price should be lower than the market price. Order price must be less than the trigger price. You can also keep it at the market price.
   

  The market reaches the trigger price when the order is forwarded by the exchange. The order will be traded at a price that is between the Trigger Price and the Order Price.

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